Primerica Question and answer rated A+ 2023 Exam (elaborations) Primerica Annuity Question and answers already solved 2023 Exam (elaborations) Primerica Question and answer rated A+ 2023 Exam (elaborations) Primerica simulate exam Question with complete solution 2023 Exam (elaborations) Pri...
[Show more]
PRIMERICA LIFE INSURANCE EXAM Question and answers already solved 2023An 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 di...
Preview 4 out of 43 pages
Add to cartPRIMERICA LIFE INSURANCE EXAM Question and answers already solved 2023An 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 di...
Primerica Practice Test Question with complete solution 2023
Preview 1 out of 4 pages
Add to cartPrimerica Practice Test Question with complete solution 2023
Primerica Life Insurance Question and answers 100% solved 2023Risk 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 ...
Preview 2 out of 6 pages
Add to cartPrimerica Life Insurance Question and answers 100% solved 2023Risk 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 ...
Primerica life insurance state exam Question and answer rated 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. Hum...
Preview 1 out of 2 pages
Add to cartPrimerica life insurance state exam Question and answer rated 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. Hum...
Primerica Life Insurance Focused Exam Question and answer rated A+ 2023The paid-up addition option uses the dividend To purchase a smaller amount of the same type of insurance as the original policy. An applicant for insurance is requesting more information from her agent about a claim that ...
Preview 1 out of 2 pages
Add to cartPrimerica Life Insurance Focused Exam Question and answer rated A+ 2023The paid-up addition option uses the dividend To purchase a smaller amount of the same type of insurance as the original policy. An applicant for insurance is requesting more information from her agent about a claim that ...
Primerica Practice test part 1 Question with complete solution 2023An 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 ...
Preview 1 out of 4 pages
Add to cartPrimerica Practice test part 1 Question with complete solution 2023An 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 ...
Primerica Focused exam (basic principals) Question and answer rated A+ 2023which of the following insurance would be considered risk-sharing a arrangement? reciprocal. Units with the same or similar exposure to loss are referred to as homogeneous The growing tendency of individuals t...
Preview 1 out of 2 pages
Add to cartPrimerica Focused exam (basic principals) Question and answer rated A+ 2023which of the following insurance would be considered risk-sharing a arrangement? reciprocal. Units with the same or similar exposure to loss are referred to as homogeneous The growing tendency of individuals t...
Primerica-Life Insurance Question and answer already solved 2023Stranger-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 hav...
Preview 3 out of 17 pages
Add to cartPrimerica-Life Insurance Question and answer already solved 2023Stranger-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 hav...
Life Insurance Primerica Question with complete solution 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 and/or b...
Preview 2 out of 13 pages
Add to cartLife Insurance Primerica Question with complete solution 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 and/or b...
Primerica Chapter 1 questions and answers already solved 2023What do individuals use to transfer their risk of loss to a larger group? Insurance Best Describe the MIB Nonprofit organization that maintains underwriting information on applicants for life and health insurance An Insurer...
Preview 1 out of 3 pages
Add to cartPrimerica Chapter 1 questions and answers already solved 2023What do individuals use to transfer their risk of loss to a larger group? Insurance Best Describe the MIB Nonprofit organization that maintains underwriting information on applicants for life and health insurance An Insurer...
Primerica Life License Question with complete solution 2023What limits the amount that a policyowner may borrow from a whole life insurance policy? Cash value What is NOT true about a joint and survivor annuity benefit option? Payments stop after the first death among the annuitants. ...
Preview 3 out of 16 pages
Add to cartPrimerica Life License Question with complete solution 2023What limits the amount that a policyowner may borrow from a whole life insurance policy? Cash value What is NOT true about a joint and survivor annuity benefit option? Payments stop after the first death among the annuitants. ...
PRIMERICA EXAM Question and answer rated A+ 2023Guaranteed insurability option An individual is purchasing a permanent life insurance with a face value of $25,000. While this is all the insurance that he can afford at this time, he wants to be sure that additional coverage will be available in the ...
Preview 2 out of 6 pages
Add to cartPRIMERICA EXAM Question and answer rated A+ 2023Guaranteed insurability option An individual is purchasing a permanent life insurance with a face value of $25,000. While this is all the insurance that he can afford at this time, he wants to be sure that additional coverage will be available in the ...
Primerica - Exam test Questions already solved 2023An 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 ...
Preview 3 out of 18 pages
Add to cartPrimerica - Exam test Questions already solved 2023An 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 ...
Primerica (flash cards ) Question with complete solution 2023Pure Risk a risk that presents the chance of loss ( Insurable) Speculative Risk A chance of loss or gain. ( not insurable) ex: gambling Hazards Events or conditions that increase the chances of an insured loss Phys...
Preview 1 out of 4 pages
Add to cartPrimerica (flash cards ) Question with complete solution 2023Pure Risk a risk that presents the chance of loss ( Insurable) Speculative Risk A chance of loss or gain. ( not insurable) ex: gambling Hazards Events or conditions that increase the chances of an insured loss Phys...
Primerica Life Insurance Question with complete solution 2023What are the consequences of a failure to comply with the Commissioner's office while it is executing a seizure order? It is a misdemeanor punishable by a fine of $1,000, one-year imprisonment, or both. Events in which a person ha...
Preview 1 out of 3 pages
Add to cartPrimerica Life Insurance Question with complete solution 2023What are the consequences of a failure to comply with the Commissioner's office while it is executing a seizure order? It is a misdemeanor punishable by a fine of $1,000, one-year imprisonment, or both. Events in which a person ha...
Primerica Practice Exam 7 Question and answer rated A+ 2023the 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 adv...
Preview 2 out of 6 pages
Add to cartPrimerica Practice Exam 7 Question and answer rated A+ 2023the 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 adv...
Primerica Life Exam (State) Question with complete solution The McCarran Act stated that the federal government would not regulate insurance as long as an adequate job of regulating the industry was done by the: a. Counties b. Federal Government c. Insurers in a state d. States ? Circu...
Preview 3 out of 16 pages
Add to cartPrimerica Life Exam (State) Question with complete solution The McCarran Act stated that the federal government would not regulate insurance as long as an adequate job of regulating the industry was done by the: a. Counties b. Federal Government c. Insurers in a state d. States ? Circu...
Primerica: Annuities Question and answer already solved 2023What is the difference between a single premium and a flexible premium payment options in a deferred annuity The number of payments that purchase the annuity An annuity purchased with multiple payments that begins income payments a...
Preview 1 out of 3 pages
Add to cartPrimerica: Annuities Question and answer already solved 2023What is the difference between a single premium and a flexible premium payment options in a deferred annuity The number of payments that purchase the annuity An annuity purchased with multiple payments that begins income payments a...
Primerica: stimulated exam Question with complete solution 2023Which insurance principle states that if a policy allows for greater compensation than the financial loss incurred, the insured may only receive benefits for the amount lost? indemnity Which of the following allows the insurer to...
Preview 2 out of 5 pages
Add to cartPrimerica: stimulated exam Question with complete solution 2023Which insurance principle states that if a policy allows for greater compensation than the financial loss incurred, the insured may only receive benefits for the amount lost? indemnity Which of the following allows the insurer to...
Primerica Question with complete solution 2023A business owner was trying to obtain a bank loan to fund the purchase of a new business facility, but the bank required proof of additional assets to secure the loan. The business owner then decided to use her $250,000 life insurance policy to secure th...
Preview 1 out of 4 pages
Add to cartPrimerica Question with complete solution 2023A business owner was trying to obtain a bank loan to fund the purchase of a new business facility, but the bank required proof of additional assets to secure the loan. The business owner then decided to use her $250,000 life insurance policy to secure th...
Primerica Life Exam (State) Question and answer 100% solved 2023The McCarran Act stated that the federal government would not regulate insurance as long as an adequate job of regulating the industry was done by the: a. Counties b. Federal Government c. Insurers in a state d. States ? C...
Preview 3 out of 16 pages
Add to cartPrimerica Life Exam (State) Question and answer 100% solved 2023The McCarran Act stated that the federal government would not regulate insurance as long as an adequate job of regulating the industry was done by the: a. Counties b. Federal Government c. Insurers in a state d. States ? C...
Primerica Chapter 3 Question and answer rated A+ 2023accumulate build up Attained Age the insured's age at the time the policy is issued or renewed cash value a policy's savings element or living benefit Deferred withheld or postponed until a specified time or event in th...
Preview 1 out of 3 pages
Add to cartPrimerica Chapter 3 Question and answer rated A+ 2023accumulate build up Attained Age the insured's age at the time the policy is issued or renewed cash value a policy's savings element or living benefit Deferred withheld or postponed until a specified time or event in th...
Primerica Life Insurance License Questions with complete solution 2023Which law is the foundation of statistical prediction of loss upon which rates for insurance are calculated? A) Law of Group Evaluation B) Law of Large Numbers C) Law of Masses D) Law of Averages B) Law of Large Numbers ...
Preview 2 out of 8 pages
Add to cartPrimerica Life Insurance License Questions with complete solution 2023Which law is the foundation of statistical prediction of loss upon which rates for insurance are calculated? A) Law of Group Evaluation B) Law of Large Numbers C) Law of Masses D) Law of Averages B) Law of Large Numbers ...
Primerica simulate exam Question with complete solution 2023Which of the following is the best reason to purchase life insurance rather than annuities? to create an estate After approval by the national Association of insurance commissioners the current buyers guide cannot be used for longer...
Preview 1 out of 3 pages
Add to cartPrimerica simulate exam Question with complete solution 2023Which of the following is the best reason to purchase life insurance rather than annuities? to create an estate After approval by the national Association of insurance commissioners the current buyers guide cannot be used for longer...
Primerica Question and answer rated A+ 2023Risk in insurance terminology refers to Uncertainty of financial loss When describing the situations that might cause a loss to occur, a morale hazard Arises through an individual's carelessness or irresponsible Sally's life insurance comp...
Preview 2 out of 6 pages
Add to cartPrimerica Question and answer rated A+ 2023Risk in insurance terminology refers to Uncertainty of financial loss When describing the situations that might cause a loss to occur, a morale hazard Arises through an individual's carelessness or irresponsible Sally's life insurance comp...
Primerica Annuity Question and answers already solved 2023Annuity principles and concepts • accumulates money • liquidate an estate • Prevents the risk of outliving your money • grows tax-deferred • Marketed by insurance companies Accumulation period is the pay-in period •...
Preview 1 out of 3 pages
Add to cartPrimerica Annuity Question and answers already solved 2023Annuity principles and concepts • accumulates money • liquidate an estate • Prevents the risk of outliving your money • grows tax-deferred • Marketed by insurance companies Accumulation period is the pay-in period •...
Primerica Question and answer rated A+ 2023What determines the cash value of a variable life policy? The performance of the policy portfolio All other factors being equal, the least expensive first-year premium payment is found in Annually Renewable Term What is the correct compariso...
Preview 1 out of 3 pages
Add to cartPrimerica Question and answer rated A+ 2023What determines the cash value of a variable life policy? The performance of the policy portfolio All other factors being equal, the least expensive first-year premium payment is found in Annually Renewable Term What is the correct compariso...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller flyhigher329. Stuvia facilitates payment to the seller.
No, you only buy these notes for $40.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
82871 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now