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Primerica Practice Exam 7 (Questions & Answers) Verified 100% Correct!!
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Primerica Practice Exam 7 (Questions & Answers) Verified 100% Correct!!
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Name: Score:75 Multiple choice questions
Definition 1 of 75
Extended term option
in which plants do employers make specific contributions to an employee's retirement
account
the conversion privilege allows a person to change coverage from
what rule is used to determine the importance of a representation
life insurance settlement options include all of the following except
Term 2 of 75
all of the following apply to the life insurance cost of living Rider except
defined contribution plan
It is a distribution of excess funds accumulated by the insurer on participating policies
plan participants and beneficiaries
the face value of the policy raises or lowers has the cost of living index increases or
decreases
Term 3 of 75
a policy owner has the right to change all of the following except
Dividend schedule
the number of exposure units
Roth IRAs
enroll with a specified eligibility.
,Term 4 of 75
in relation to the frequency of premium payments paid by the insured which of the following
statements is true concerning the total of Premium paid by the end of the year
another insurer submits in employment application
is greater if paid semi-annually rather than annually
reduced paid up Insurance option
A copy of all printed communications used for the presentation
Term 5 of 75
Viatical settlements are accomplished through the use of
absolute assignment
an implied warranty
worker's year of birth.
interest option
Definition 6 of 75
100%
a person responsible for collecting premium payments in addition to paying claims is which
of the following
when must Insurance records for insurance agents and insurance brokers be made
available to the insurance commissioner
in a 7 year vesting schedule what percentage of employer contributions must be vested
after 7 years of service
which of the following functions is best defined as an insurance companies identifying and
selling the potential customers?
, Term 7 of 75
which statement best describes a life insurance policy dividend
Materiality of concealment
It is a distribution of excess funds accumulated by the insurer on participating policies
Extended term option
TSA
Term 8 of 75
which risk classification carries the lowest premium
preferred
rate
substandard
interest option
Definition 9 of 75
employee pays part of the premium
in order to determine the amount of premium and insured will pay the insurer multiplies the
rate by
a group insurance plan is contributory when the
in order to obtain Group insurance without providing evidence of insurability what do
eligible individuals generally have to do
according to state law what size prints must be used for licensees license number on all
price quotes business cards and printed material
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