Life insurance pri Study guides, Class notes & Summaries

401 k plan - ANSWER 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 - ANSWER 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 - ANSWER Policy provision that allows full or partial payment of the policy's death benefit before the ...

Life Insurance Primerica questions and answers with accurate solutions. 401 k plan - correct answer.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 - correct answer.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. Acce...

The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) - 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 - Answer- Representations. All of the following apply to the waiver of premium rider EXCEPT - Answer- There is no charge for this provision. An annuity is considered fixed when it does all of the follo...

401 k plan - Ans - 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 - Ans - 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 - Ans - Policy provision that allows full or partial payment of the policy's death benef...

Life Insurance Primerica Questions and Answers 2023 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 partial payment o...

Life Insurance Primerica Exam @ 2023...

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LIFE INSURANCE PRACTICE EXAM PRIMERICA EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+LIFE INSURANCE PRACTICE EXAM PRIMERICA EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+