Exam (elaborations)
PRIMERICA PRACTICE LIFE EXAM 2024 WITH 100% ACCURATE ANSWERS
- Course
- Institution
PRIMERICA PRACTICE LIFE EXAM 2024 WITH 100% ACCURATE ANSWERS
[Show more]
Content preview
PRIMERICA PRACTICE LIFE EXAM 2024WITH 100% ACCURATE ANSWERS
, PRIMERICA PRACTICE LIFE EXAM 2024
WITH 100% ACCURATE ANSWERS
Which of the following is NOT a characteristic of pure risk? - correct answersThe loss must be
catastrophic.
Which of the following terms is defined by the California Insurance Code as unassigned funds that must
be reported on a stock insurer's annual statement? - correct answersEarned surplus
Stranger-originated life insurance policies are in direct opposition to the principle of - correct
answersInsurable interest.
A tax-sheltered annuity is a special tax-favored retirement plan available to - correct answersCertain
groups of employees only.
What is the minimum free-look period for newly issued life insurance policies in this state? - correct
answers10 days
All of the following entities regulate variable life policies EXCEPT - correct answersThe Guaranty
Association.
What is the main purpose of the Seven-pay Test? - correct answersIt determines if the insurance policy
is a MEC.
A tornado that destroys property would be an example of which of the following? - correct answersA
peril
The paid-up addition option uses the dividend - correct answersTo purchase a smaller amount of the
same type of insurance as the original policy.
A Return of Premium term life policy is written as what type of term coverage? - correct
answersIncreasing
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller PRETTYGRADES81. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79271 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now