Primerica Life Insurance Bundled Exams Questions and Answers with Verified Solutions

Primerica Practice Test Questions and Answers 100% Pass 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 t...

Primerica life insurance state exam questions and answers graded A+ Deferred Annuity An annuity in which the income payments begin sometime after one year from the date of red annuities can be funded with a single lump sum payment so it is referred to as a single premium differed annuities. Human l...

Primerica Life Insurance Questions and Answers 100% Pass Risk uncertainty of a financial loss; 2 types Two typed of risks Pure (Insurable) and speculative (uninsurable) Benefits of purchasing insurance? You get to transfer financial risk left after passing to insurance company Law of large number...

Primerica Practice test part 1 with Certified Solutions 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 ut...

Primerica Life Insurance Questions and Answers with Certified Solutions 401 k plan A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment Absolute: A permanent and irrevocable transfer of rights an...

Primerica Life Insurance Questions and Answers with Certified Solutions 401 k plan A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment Absolute: A permanent and irrevocable transfer of rights an...

Primerica Insurance Exam: General Insurance Already Passed Insurance A contract in which one party agrees to indemnify the insured party against loss, damage or liability from an unknown event. Insurance transfers The reduction, decrease, or disappearance of value of the person or property insured ...

Primerica-Life Insurance Questions and Answers Already Graded A 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...