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Primerica (Life Policy Riders) Questions with Solutions
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Primerica (Life Policy Riders)
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Primerica (Life Policy Riders)The insured under a $100,000 life insurance policy with a triple indemnity rider for
accidental death was killed in a car accident. It was determined that the accident was
his fault. The triple indemnity rider in the policy specifies that the death must not be
contributed to by the insured in any manner. In this case, what will the policy beneficiary
receive? - answer$100,000
Which of the following statements is TRUE concerning the Accidental Death Rider? -
answer It will pay double or triple the face amount.
All of the following are the responsibilities of every long-term care insurer in California
EXCEPT - answer Provide enough business to solicit long-term care insurance.
All of the following are features and requirements of the Living Needs Rider EXCEPT -
answer Diagnosis must indicate that death is expected within 3 years.
Which of the following annuity riders ensures that the owner will receive from an annuity
at least the amount paid for the annuity? - answer Guaranteed Lifetime Withdrawal
The rider in a whole life policy that allows the company to forgo collecting the premium if
the insured is disabled is called - answerWaiver of premium.
An individual is purchasing a permanent life insurance policy with a face value of
$25,000. While this is all the insurance that he can afford at this time, he wants to be
sure that additional coverage will be available in the future. Which of the following
options should be included in the policy? - answerGuaranteed insurability option
A rider that may be attached to a life insurance policy that will adjust the face amount
based upon a specific index, such as the Consumer Price Index, is called - answerCost
of living rider.
What is the purpose of annuity riders? - answerTo allow investors to obtain additional
benefit
All of the following topics may be included in the continuing education requirement for
long-term care insurance EXCEPT - answerSales techniques and overcoming client
objectives in the purchase of long-term care insurance.
What is the waiting period on a Waiver of Premium rider in life insurance policies? -
answer6 months
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