Primerica practice exam 2 Study guides, Class notes & Summaries

Primerica Practice Exam Test A 75 Questions & Answers 2023 1. An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is called a: A. Single premium immediate annuity. B. Single premium deferred annuity. C. Level premium variable annuity. D. Flexible premium fixed annuity. - Correct answer-Single premium deferred annuity 2. A technique used to determine the amount of life insurance needed by focusing on the projected earning potential of an insured ...

Primerica Practice Test Exam Questions and Answers 2024/2025 The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) - CORRECT ANSWER-conditional receipt Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called - CORRECT ANSWER-representations An annuity is considered fixed when it does all of the following EXCEPT - CORRECT ANSWER-provide...

Primerica Practice Exam B Questions With Verified Answers 1. The annuity income amount is based on whose life? A. Owner B. Insured C. Annuitant D. Beneficiary - answerannuitant 2. An injured party to a contract is able to rescind the contract for A. Representations. B. Unintentional concealment C. Health problems D. Financial difficulties. - answerunintentional concealment 3. A whole life policy that will generate immediate cash value is A. Single premium. B. Continuous premium. C...

Primerica Practice Exam Test Questions & Answers The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) conditional receipt 2. Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called representations 3. An annuity is considered fixed when it does all of the following EXCEPT provides the annuitant with an interest rate that is the lesser...

Primerica Practice Test 1. The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) conditional receipt 2. Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called representations 3. An annuity is considered fixed when it does all of the following EXCEPT provides the annuitant with an interest rate that is the lesser of the guaranteed or ...

Primerica Practice Exam B Questions With Verified Answers 1. The annuity income amount is based on whose life? A. Owner B. Insured C. Annuitant D. Beneficiary - answerannuitant 2. An injured party to a contract is able to rescind the contract for A. Representations. B. Unintentional concealment C. Health problems D. Financial difficulties. - answerunintentional concealment 3. A whole life policy that will generate immediate cash value is A. Single premium. B. Continuous premium. C...

1. An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is called a: A. Single premium immediate annuity. B. Single premium deferred annuity. C. Level premium variable annuity. D. Flexible premium fixed annuity. - Answer- Single premium deferred annuity 2. A technique used to determine the amount of life insurance needed by focusing on the projected earning potential of an insured is called the: A. Needs approach. B. Future income option. C. H...

1. An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is called a: A. Single premium immediate annuity. B. Single premium deferred annuity. C. Level premium variable annuity. D. Flexible premium fixed annuity. - ANSWERSSingle premium deferred annuity 2. A technique used to determine the amount of life insurance needed by focusing on the projected earning potential of an insured is called the: A. Needs approach. B. Future income option. C. Hu...