Primerica l - Study guides, Class notes & Summaries

Stranger-oriented life insurance policies are in direct opposition to the principle of a. law of large numbers b. good faith c. indemnity d. insurable interest - d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it violates the principle of insurable interest Which is generally true regarding insureds who have earned preferred status? a. they keep a higher percentage of any interest earned on their policies b. their prem...

Primerica Life Insurance Testbank | 100% Correct Answers | Verified | Latest 2024 Version

PRIMERICA LIFE INSURANCE TEST

PRIMERICA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - ANS A. mutual funds not paid out after paying claims and other operating costs are returned to the p...

PRIMERICA LIFE AND INSURANCE EXAM 2024 | ACCURATE CURRENTLY TESTING VERSION WITH A STUDY GUIDE AND KNOWLEDGE FLASHCARDS | ACCURATE AND VERIFIED FOR GUARANTEED PASS | LATEST UPDATE

Primerica Life Insurance Exam 2024 100% Passed An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - Answer ️️ -A. mutual funds not paid out after paying claims and other operating costs are returned to the po...

PRIMERICA LIFE INSURANCE ACTUAL EXAM 1000 COMPLETE QUESTIONS AND VERIFIED DETAILED PRIMERICA LIFE INSURANCE ACTUAL EXAM 1000 COMPLETE QUESTIONS AND VERIFIED DETAILED ANSWERS PRIMERICA LIFE INSURANCE ACTUAL EXAM 1000 COMPLETE QUESTIONS AND VERIFIED DETAILED

An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - A. mutual funds not paid out after paying claims and other operating costs are returned to the policy owners in the form of a dividend. if all funds are paid ...

PRIMERICA LIFE INSURANCE EXAM-with 100% verified solutions -tutor verified

which of the following best describes the concept that the insured pays a small amount of premium for a large amount of risk on the part of the insurance company? a. subrogation b. warranty c. aleatory d. adhesion - ANSWER-C. aleatory RATIONALE;an insurance contract is an aleatory contract in that it requires a relatively small amount of premium for a large risk When an insured makes truthful statements on the application for insurance and pays the required premium, it is known as which...