Chapter 3 primerica - Study guides, Class notes & Summaries

What is the purpose of a fixed-period settlement option? To provide a guaranteed income for a certain amount of time When the policyowner specifies a dollar amount in which installments are to be paid, he/she has chosen which settlement option? Fixed amount An insured and his wife are both involved in a head-on collision. The husband dies instantly, and the wife dies 15 days later. The company pays the death benefit to the estate of the insured. This indicates that the life insur...

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Primerica Chapter 3: Life insurance policies Questions and Answers with Solutions

Primerica Chapter 3: Life insurance policies Exam Questions With Verified Answers Attained Age - answerInsured's age at the time the policy is issued or renewed. Deferred - answerWitheld or postponed until a specific time or event in the future. Endow - answerto have cash value of a whole life policy reach the contractural face amount. Face Amount - answerThe amount of benefit stated in the LIP. Fixed Life Insurance Products - answercontracts that offer guaranteed minimum or fixed benefi...

Primerica Chapter 3: Life insurance policies Exam Questions With Verified Answers Attained Age - answerInsured's age at the time the policy is issued or renewed. Deferred - answerWitheld or postponed until a specific time or event in the future. Endow - answerto have cash value of a whole life policy reach the contractural face amount. Face Amount - answerThe amount of benefit stated in the LIP. Fixed Life Insurance Products - answercontracts that offer guaranteed minimum or fixed benefi...

Primerica Chapter 3: Life insurance policies Exam Questions With Verified Answers Attained Age - answerInsured's age at the time the policy is issued or renewed. Deferred - answerWitheld or postponed until a specific time or event in the future. Endow - answerto have cash value of a whole life policy reach the contractural face amount. Face Amount - answerThe amount of benefit stated in the LIP. Fixed Life Insurance Products - answercontracts that offer guaranteed minimum or fixed benefi...

Primerica life insurance License chapter 2 Exam Questions With Verified Answers Attained age - answerthe insured's age at the time the policy is issued or renewed cash value - answerA policy's savings element or living benefit face amount - answerthe amount of benefit stated in the life insurance fixed life insurance - answercontracts that offer guaranteed minimum or fixed benefits deferred - answerwithheld or postponed until a specified time or event in the future Endow - answerthe cas...

Primerica life insurance License chapter 2 Exam Questions With Verified Answers Attained age - answerthe insured's age at the time the policy is issued or renewed cash value - answerA policy's savings element or living benefit face amount - answerthe amount of benefit stated in the life insurance fixed life insurance - answercontracts that offer guaranteed minimum or fixed benefits deferred - answerwithheld or postponed until a specified time or event in the future Endow - answerthe cas...

Primerica life insurance License chapter 2 Exam Questions With Verified Answers Attained age - answerthe insured's age at the time the policy is issued or renewed cash value - answerA policy's savings element or living benefit face amount - answerthe amount of benefit stated in the life insurance fixed life insurance - answercontracts that offer guaranteed minimum or fixed benefits deferred - answerwithheld or postponed until a specified time or event in the future Endow - answerthe cas...