Primerica practice - Study guides, Class notes & Summaries

Primerica Practice Exam Test A 75 Questions & Answers 2023 1. An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is called a: A. Single premium immediate annuity. B. Single premium deferred annuity. C. Level premium variable annuity. D. Flexible premium fixed annuity. - Correct answer-Single premium deferred annuity 2. A technique used to determine the amount of life insurance needed by focusing on the projected earning potential of an insured ...

Primerica Practice Test Part 1 With 100% Correct Answers 2023 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 - Correct answer-d Which of the following best describes fixed-period settlement opt...

Primerica Practice Exam 7 the purpose of laws regarding the replacement of life and annuity contracts includes all of the following except - to protect the interests of life insurance and their agents all of the following would fall under the category of an adverse underwriting decision except - failure of the agent to submit the application to an insurance company in order to obtain Group insurance without providing evidence of insurability what do eligible individuals generally hav...

Primerica Practice Exam Test A | 100% Correct Answers | Verified | Latest 2024 Version

Primerica Pre-licensing Course Exam Practice Questions with 100% Correct Answers..Primerica Pre-licensing Course Exam Practice Questions with 100% Correct Answers..

Primerica Practice Exam B Questions With Verified Answers 1. The annuity income amount is based on whose life? A. Owner B. Insured C. Annuitant D. Beneficiary - answerannuitant 2. An injured party to a contract is able to rescind the contract for A. Representations. B. Unintentional concealment C. Health problems D. Financial difficulties. - answerunintentional concealment 3. A whole life policy that will generate immediate cash value is A. Single premium. B. Continuous premium. C...

Primerica Practice Exam B Questions With Verified Answers 1. The annuity income amount is based on whose life? A. Owner B. Insured C. Annuitant D. Beneficiary - answerannuitant 2. An injured party to a contract is able to rescind the contract for A. Representations. B. Unintentional concealment C. Health problems D. Financial difficulties. - answerunintentional concealment 3. A whole life policy that will generate immediate cash value is A. Single premium. B. Continuous premium. C...

Primerica Practice Test Part 1 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 ...

Primerica Practice Test The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) - conditional receipt Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called - representations An annuity is considered fixed when it does all of the following EXCEPT - provides the annuitant with an interest rate that is the lesser of the guaranteed or curren...