Primerica practice test Study guides, Class notes & Summaries

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 paid out within a specified period o...

Primerica Practice Test questions and answers 100% verified. The sreceipt sgiven sto sa slife sinsurance sapplicant swhen sthe sapplication sis scompleted sand sthe sinitial spremium sis sreceived sis scalled sa(n) s- s scorrect sanswer. s s sconditional sreceipt Statements sin sthe sapplication sfor sinsurance sthat sare sbelieved sto sbe strue sto sthe sbest sof sthe sapplicant's sknowledge sare scalled s- s scorrect sanswer. s s srepresentations An sannuity sis sconsidered s...

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 - Answer d Which of the following best describes fixed-period settlement option? a) Only the principal amount will be paid out within a specified...

Primerica Practice Test Part 1 With Complete Solutions 100% 2024Primerica Practice Test Part 1 With Complete Solutions 100% 2024

Primerica Practice Test with complete solution

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 paid out within a specified period of ...

Primerica Practice Test 2024 Possible Questions and Answers 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 An annuity is considered fixed when it does all of the following EXCEPT - Answer ️️ - provides the a...

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Primerica Practice Test

Primerica Practice test part 1 exam questions with 100% correct answers