Primerica exam general - Study guides, Class notes & Summaries

Final Test Practice Life Insurance Primerica Exam Updated Questions and Answers An insured under a life insurance policy has been diagnosed with a terminal illness and has 6 months to live. The insured knows that his financial state will worsen even more with the upcoming medical expenses. What option could the insured utilize? a) Estate liquidation b) Nonpayment of premium c) Change of beneficiary d) Viatical settlement - CORRECT ANSWER-d Which of the following best describes fixe...

Primerica Insurance Exam General Insurance (2023)

Primerica Insurance Exam: General Insurance With Complete Solutions 100% 2024Primerica Insurance Exam: General Insurance With Complete Solutions 100% 2024

PRIMERICA INSURANCE EXAM: GENERAL INSURANCE QUESTIONS AND ANSWERS WITH SOLUTIONS 2024

Insurance A contract in which one party agrees to indemnify the insured party against loss, damage or liability from an unknown event. Insurance transfers The reduction, decrease, or disappearance of value of the person or property insured in a policy, caused by a named peril. Risk The uncertainty or chance of a loss occurring. Pure risk Situations that can only result in a loss or no change Speculative risk The opportunity for either loss loss or gain. Hazards Conditions or situations th...

Primerica Insurance Exam: General Insurance (Latest); Questions and Answers Insurance A contract in which one party agrees to indemnify the insured party against loss, damage or liability from an unknown event. Insurance transfers The reduction, decrease, or disappearance of value of the person or property insured in a policy, caused by a named peril. Risk The uncertainty or chance of a loss occurrin

Primerica - Exam test Questions With 100% Correct Answers 2023 An insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants to negotiate it with the insurer but is not allowed to do so. Her only options are to reject the policy or accept it as is. Which contract feature does this describe? a) Unilateral b) Conditional c) Personal d) Adhesion - Correct answer-Adhesion An insurance policy that ...

Insurance A contract in which one party agrees to indemnify the insured party against loss, damage or liability from an unknown event. Insurance transfers The reduction, decrease, or disappearance of value of the person or property insured in a policy, caused by a named peril. Risk The uncertainty or chance of a loss occurring. Pure risk Situations that can only result in a loss or no change Speculative risk The opportunity for either loss loss or gain. Hazards Conditions or situations th...