Life insurance primerica - Study guides, Class notes & Summaries

Primerica Pre-licensing Course Solved Exam |Question and Answers| 100% Correct agent *Ans* legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer insured *Ans* the person covered by the insurance policy; this person may or may not be the policyowner broker *Ans* an insurance agent not appointed by an insurer and is deemed to represent the client insurance policy *Ans* a contract between ...

Which will be included in a policy summary? -:- Premium amounts and surrender values Why should the producer personally deliver the policy when the first premium has already been paid? -:- To help the insured understand all aspects of the contract An insurance contract requires that both the insured and the insurer meet certain conditions in order for the contract to be enforceable. What contract characteristic does this describe? -:- Conditional If a policy includes a free-look p...

©THESTAR 2024/2025 ALL RIGHTS RESERVED 10:31AM. A+ 1 Life insurance practice Exam Primerica Questions With Correct Answers 100% Verified The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) - AnswerConditional receipt. Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called - AnswerRepresentations. All of the following apply to the waive...

Life Insurance Primerica questions and answers latest top score. Which will be included in a policy summary? - correct answers.Premium amounts and surrender values Why should the producer personally deliver the policy when the first premium has already been paid? - correct answers.To help the insured understand all aspects of the contract An insurance contract requires that both the insured and the insurer meet certain conditions in order for the contract to be e...

Which will be included in a policy summary? - Answer Premium amounts and surrender values Why should the producer personally deliver the policy when the first premium has already been paid? - Answer To help the insured understand all aspects of the contract An insurance contract requires that both the insured and the insurer meet certain conditions in order for the contract to be enforceable. What contract characteristic does this describe? - Answer Conditional If a policy includes a free-...

Primerica Life Insurance Practice Questions and Complete Solutions Graded A+

Primerica Life Insurance Practice Exam Questions and Complete Solutions Graded A+

Life Insurance Primerica Exam Questions and Complete Solutions Graded A+

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 de...