PRIMERICA LIFE INSURANCE EXAM 2023 Graded A+ Primerica - Life Insurance Exam with Complete Solutions Primerica- Life Insurance Practice Test Graded A+ 2023 UCanPass Primerica VA Questions and Answers 100% Correct Primerica UCanPass Practice Test Solved 100% Correct Primerica Exam Stimulator Study G...
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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. nonp...
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Add to cartAn 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. nonp...
What is insurance? - ANSWER-Transfer of the possibility of loss (risk) to an insurance company. What is a risk? - ANSWER-The uncertainty of financial loss There are two types of loss - ANSWER-Pure and Speculative Which type of loss is insurable? - ANSWER-Pure Why is Pure loss insurable? ...
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Add to cartWhat is insurance? - ANSWER-Transfer of the possibility of loss (risk) to an insurance company. What is a risk? - ANSWER-The uncertainty of financial loss There are two types of loss - ANSWER-Pure and Speculative Which type of loss is insurable? - ANSWER-Pure Why is Pure loss insurable? ...
The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) - ANSWER-conditional receipt Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called - ANSWER-...
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Add to cartThe receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) - ANSWER-conditional receipt Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called - ANSWER-...
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 appo...
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Add to cartAgent/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 appo...
401k plan - ANSWER-A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment - ANSWER-A permanent and irrevocable transfer of rights and/or benefits by the policy owner. Collateral Assignment - ANSWER-A temporary and/...
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Add to cart401k plan - ANSWER-A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment - ANSWER-A permanent and irrevocable transfer of rights and/or benefits by the policy owner. Collateral Assignment - ANSWER-A temporary and/...
A provision in a life insurance policy that provides for the early payment of some portion of the policy face amount should the insured suffer from a terminal illness or injury is called - ANSWER-Accelerated Benefit provision. Which of the following would NOT fall into the category of costs assoc...
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Add to cartA provision in a life insurance policy that provides for the early payment of some portion of the policy face amount should the insured suffer from a terminal illness or injury is called - ANSWER-Accelerated Benefit provision. Which of the following would NOT fall into the category of costs assoc...
Insurance - ANSWER-A transfer of risk of loss from an individual or business entity to an insurance company which spreads the costs of unexpected losses to many individuals. An agents job is to - ANSWER-Solicits insurance (orally or written) Must give disclosure statement that provides basic in...
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Add to cartInsurance - ANSWER-A transfer of risk of loss from an individual or business entity to an insurance company which spreads the costs of unexpected losses to many individuals. An agents job is to - ANSWER-Solicits insurance (orally or written) Must give disclosure statement that provides basic in...
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