Chapter 4 primerica - Study guides, Class notes & Summaries

Primerica Chapter 4 with complete verified solutions 2025.

Chapter 4-Primerica

Chapter 4-Primerica Exam Questions and Complete Solutions Graded A+

Assignment transfer of rights of policy ownership contingent beneficiary a beneficiary who has second claim to the policy proceeds after the death of the insured (usually after death of the primary beneficiary) NAIC National Association of Insurance Commissioners Primary Beneficiary a beneficiary who has the first claim to the policy proceeds after the death of insured. Principal Amount the face value of the policy; the original amount invested before the earning...

Primerica Life Insurance Chapter 5: Annuities |Question and Answer| 100% Correct Deferred *Ans* Withheld or postponed until a specified time or event in the future IRS *Ans* Internal Revenue Service: Responsible for tax collection and tax enforcement Life Contingency *Ans* Depended on whether or not the insured is alive Liquidation of an estate *Ans* converting a person's net worth into a cash flow Qualified Plan *Ans* A retirement plan that meets the IRS guidelines for receiving f...

Life Insurance (Primerica) Chapter 1 questions and answers with real solutions. Agent/Producer - correct answer.A legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Applicant or proposed insured - correct answer.a person applying for insurance Beneficiary - correct answer.a person who receives the benefits of an insurance policy Broker - correct insurance p...