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Primerica Practice Exam Test A Questions and Complete Solutions Graded A+.
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Primerica Practice Exam Test A Questions and Complete Solutions Graded A+.
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Primerica PracticeExam Test A
Questions and
Complete Solutions
Graded A+
Denning [Date] [Course title]
, 1. An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is
called a:
A. Single premium immediate annuity.
B. Single premium deferred annuity.
C. Level premium variable annuity.
D. Flexible premium fixed annuity. - Answer: Single premium deferred annuity
2. A technique used to determine the amount of life insurance needed by focusing on the projected
earning potential of an insured is called the:
A. Needs approach.
B. Future income option.
C. Human life value approach.
D. Life income approach. - Answer: Human life value approach
3. When replacing a policy the producer must present the applicant with a Notice Regarding
Replacement of Life Insurance:
A. At the policy delivery date.
B. 7 days after the initial meeting.
C. On the date the underwriter approves the policy.
D. At the time of taking the application. - Answer: At the time of taking the application
4. The possibility of a financial loss incurred by a life insurance company for the premature death of an
insured is known as a:
A. Peril.
B. Risk.
C. Hazard.
D. Loss. - Answer: Risk
5. The Medical Information Bureau (MIB) is a nonprofit trade association that maintains:
A. Motorist information on applicants for life and health insurance.
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