Primerica exam 3 - Study guides, Class notes & Summaries

Primerica SIE Exam Questions and Answers Graded A+ What regulatory body is chiefly responsible for overseeing securities markets, including monitoring reporting companies, self-regulatory organizations, and broker-dealers? Securities & Exchange Commission (S.E.C.) In investment terminology, what does NAV stand for? Net Asset Value What term describes the price at which shares of a mutual fund are offered to the public? Public Offering Price (P.O.P.) Which document provides deta...

Primerica Part 3 Exam activities of daily living (ADLs) - Answer ️️ -a person's essential activities that include bathing, dressing, eating, transferring, toileting, continence assignment - Answer ️️ -transfer of rights of policy ownership consideration - Answer ️️ -something of value that each party gives to the other (binding force in any contract). indemnity - Answer ️️ -a principle of reimbursement on which insurance is based; in the event of loss, an insurer reimburs...

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 Basics (AZ) Exam Questions With Verified Answers All of the following are duties and responsibilities of producers at the time of application EXCEPT A - Change any incorrect statement on the application by personally initialing next to the corrected statement. B - Explain the nature and type of any receipt the producer is giving to the applicant. C - Probe beyond the stated questions if the producer feels the applicant is misrepresenting or concealing informati...

Primerica Part 3 Exam activities of daily living (ADLs) - Answer ️️ -a person's essential activities that include bathing, dressing, eating, transferring, toileting, continence assignment - Answer ️️ -transfer of rights of policy ownership consideration - Answer ️️ -something of value that each party gives to the other (binding force in any contract). indemnity - Answer ️️ -a principle of reimbursement on which insurance is based; in the event of loss, an insurer reimburs...

Primerica - Life Insurance Basics (AZ) Exam Questions With Verified Answers All of the following are duties and responsibilities of producers at the time of application EXCEPT A - Change any incorrect statement on the application by personally initialing next to the corrected statement. B - Explain the nature and type of any receipt the producer is giving to the applicant. C - Probe beyond the stated questions if the producer feels the applicant is misrepresenting or concealing informati...

Primerica Life Insurance Exam | 2023/ 2024 Newly Updated!!! (Questions and 100% Verified Answers) 1. The annuity owner dies while the annuity is still in the accumulation stage. Which of the following is TRUE? Answer: The beneficiary will receive the greater of the money paid into the annuity or the cash value. 2. Which of the following best describes what the annuity period is? Answer: The period of time during which accumulated money is converted into income payments...

Primerica Life Insurance Test Exam | 2023/ 2024 (Questions and Verified Answers with Rationales) 100% Correct 1. The reduction of premium option uses the dividend to reduce ~ Answer: Next year's premium 2. In a non contributory group policy ~ Answer: 100% of eligible employees must participate 3. A representation in an insurance contract qualifies as a ~ Answer: Implied warranty 4. Which of the following is NOT true of the agents implied authority ~ An...

PRIMERICA LIFE INSURANCE EXAM 1. 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: A. mutual funds not paid out after paying claims and other operating costs are returned to the policy owners in the form of a...

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...