Primerica Life Insurance

PRIMERICA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS 2024/2025 An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - CORRECT ANSWER-A. mutual funds not paid out after paying claims and other operating c...

Primerica Life Insurance Exam Questions and Correct Answers 2024/2025 What is insurance? - CORRECT ANSWER-Transfer of the possibility of loss (risk) to an insurance company. What is a risk? - CORRECT ANSWER-The uncertainty of financial loss There are two types of loss - CORRECT ANSWER-Pure and Speculative Which type of loss is insurable? - CORRECT ANSWER-Pure Why is Pure loss insurable? - CORRECT ANSWER-Loss must be financial and uncertain. No financial gain can occur. What c...

Primerica Life Insurance Certification Exam Questions and Answers The paid-up addition option uses the dividend - CORRECT ANSWER-To purchase a smaller amount of the same type of insurance as the original policy. An applicant for insurance is requesting more information from her agent about a claim that is currently being settled. Within what time period must the agent respond? - CORRECT ANSWER-15 days Which of the following is NOT a legitimate use of annuities by businesses? - CORR...

Practice Exam for Primerica life insurance exam Final Questions and Answers 2024/2025 agents contract with the principal - CORRECT ANSWER-the principal grants authority to an agent through the agents contract mutual - CORRECT ANSWER-funds not paid our after paying claims and other operating costs are returned to the policy owners in the form of a dividend. if all funds are paid out, no dividends are paid. 401k - CORRECT ANSWER-a qualified retirement plan in which the employee can...