Rica practice - Study guides, Class notes & Summaries

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 Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called representations 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 current rate The most co...

Primerica Practice Exam Test A | 100% Correct Answers | Verified | Latest 2024 Version

Primerica Practice Test Part 1 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 - d Which of the following best describes fixed-period settlement option? a) Only the principal amount will be ...

RICA Practice Test 1 Questions & Answers 2023 ( A+ GRADED 100% VERIFIED)

Primerica Practice Test 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 Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called - representations 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 curren...

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...

RICA Practice Test Questions And Answers The purpose of implementing informal assessments after teaching a new concept during whole-group instruction is to: A. maintains accurate records for planning flexible groups that meet identified needs for students. B. collects data for grading and report cards. C. maintains accurate records for discussion with district personnel. D. organizes seating arrangements to maintain peer groups alignment. - ANS- A. maintain accurate records for ...

Ucan Primerica Practice Exam Questions With Answers Latest Updated 2024/2025 GRADED A+. 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 p...

RICA Practice Test with Complete Solutions A first grader can identify the letters of the alphabet and decode a number of simple words. He becomes confused, however, when tracking print in consecutive lines of print. Which of the following strafes is likely to be most effective in helping the student read a short paragraph of simple text? ANSWER Have him use his finger or marker as he reads the text. Which of the following instructional practices would be most effective in promoting kinder...

RICA Practice Test Questions And Answers The purpose of implementing informal assessments after teaching a new concept during whole-group instruction is to: A. maintains accurate records for planning flexible groups that meet identified needs for students. B. collects data for grading and report cards. C. maintains accurate records for discussion with district personnel. D. organizes seating arrangements to maintain peer groups alignment. - ANS- A. maintain accurate records for pla...