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Primerica - Life Insurance Policies (AZ) Questions and Complete Solutions Graded A+
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Primerica - Life Insurance Policies (AZ) Questions and Complete Solutions Graded A+
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Primerica - Life InsurancePolicies (AZ) Questions
and Complete Solutions
Graded A+
Denning [Date] [Course title]
, Which of the following best describes annually renewable term insurance?
A - It is level term insurance.
B - It requires proof of insurability at each renewal.
C - Neither the premium nor the death benefit is affected by the insured's age.
D - It provides an annually increasing death benefit. - Answer: A - It is level term insurance.
Annually renewable term is a form of level term insurance that offers the most insurance at the lowest
cost.
Annually renewable term policies provide a level death benefit for a premium that
A - Fluctuates.
B - Increases annually.
C - Decreases annually.
D - Remains level. - Answer: B - Increases annually.
Annually renewable term policies provide a level death benefit for a premium that increases each year
with the age of the insured.
A Straight Life policy has what type of premium?
A - An increasing annual premium for the life of the insured
B - A decreasing annual premium for the life of the insured
C - A variable annual premium for the life of the insured
D - A level annual premium for the life of the insured - Answer: D - A level annual premium for the life of
the insured
Straight Life policies charge a level annual premium for the lifetime of the insured and provide a level,
guaranteed death benefit.
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