Primerica study guide Study guides, Class notes & Summaries

Primerica Life Insurance License Complete Study Guide | Latest 2023/2024 401 k plan -- A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment -- Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner. Accelerated Death Benefit -- Policy provision that allows full or par...

PRIMERICA EXAM STIMULATOR STUDY GUIDE QUESTIONS AND ANSWERS WITH SOLUTONS 2024

Primerica Life Insurance Study Guide Questions & Answers (Newest Version 2023 – 2024)

Primerica Life insurance study guide latest updated

Primerica Life insurance study guide.

An individual purchased a $100,000 Joint Life policy on himself and his wife. 8 years later, he died in a car accident. How much will his wife receive from the policy? - Answer- $100,000 A couple receives a set amount of income from their annuity. When the wife dies, the husband no longer receives annuity payments. What type of annuity did the couple buy? - Answer- Joint Life. What type of insurance allows the policy owner to skip premium payments? (provided that there is enough cash value...

A provision in a life insurance policy that provides for the early payment of some portion of the policy face amount should the insured suffer from a terminal illness or injury is called - Accelerated Benefit provision. Which of the following would NOT fall into the category of costs associated with death? - The expense of a vacation for surviving family members A set of legal or regulatory conditions that affect an insurer's ability to collect premiums commensurate with the level of risk...