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Primerica-Exam Test Questions with 2024 Verified Answers..Primerica-Exam Test Questions with 2024 Verified Answers..

Primerica Life Insurance Exam Questions and Answers Already 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 A. mutual funds not paid out after paying claims and other operating costs are returned to the po...

Primerica Life Insurance Exam: 2023/ 2024 New Update (Questions and 100% Verified Answers) 1. A married couple owns a permanent policy which covers both of their lives and pays the benefit only upon the death of the first insured. Which policy is that? A. Survivorship Life Policy B. Second-to-Die C. Family income policy D. Joint life policy Answer: D. Joint life policy 2. An annuity owner is funding an annuity that will supplement her retirement. Because she does not...

An insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants to negotiate it with the insurer but is not allowed to do so. Her only options are to reject the policy or accept it as is. Which contract feature does this describe? a) Unilateral b) Conditional c) Personal d) Adhesion - Answer- Adhesion An insurance policy that only requires a payment of premium at its inception, provides insurance p...

Life Insurance Primerica questions and answers latest top score. 401 tk tplan t- t tcorrect tanswer. t t tA tqualified tretirement tplan tin twhich tthe t employee tcan tset taside ta tportion tof ttheir tincome t with tpre-tax tdollars. Absolute tAssignment tv. tCollateral t Assignment t- t tcorrect tanswer. t t tAbsolute: tA tpermanent tand tirrevocable ttransfer t of trights tand/or tbenefits tby tthe tpolicyowner. t Collateral: tA ttemporary tand/or trevocable ttransfe...

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UCanPass Primerica VA Questions and Answers 100%Verified. Agent/Producer - 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 purposed insured - ANSWER-A person applying for insurance Broker - ANSWER-An insurance producer not appointed by and insurer and is deemed to represent a client Insurance policy - ANSWER-A contract between a policyowner (and/or insured) and ins...

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...