Primerica Life Insurance Exams PACKAGE DEAL | BUNDLE contains the latest exam questions, Test Bank, Knowledge check, practice tests and complete Study Guide |Latest 2023/2024 solutions - Everything you need to pass is here!

Primerica Life Insurance State Exam Quiz with 100% correct solutions | Latest 2023/2024 Which 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 ...

Primerica Life Insurance Test Bank Questions with Verified Answers | Latest 2023/2024 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...

Primerica Life Insurance Policies Quiz with complete solutions | Latest 2023/2024 What happen to the cash value when a whole life insurance policy matures? -- Cash value is paid to the policy owner, what is the major difference between the most common types of whole life policies: straight life,...

Primerica Life Insurance Complete Practice Questions with Approved Answers – Best solution 2023/2024 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 insu...

Primerica Life Insurance License Complete Study Guide | Latest 2023/2024 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 ...

Primerica Life Insurance Knowledge Check with Approved solutions | Latest 2023/2024 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 ...

Primerica Life Insurance Possible Exam Questions with complete solutions | Latest 2023/2024 What is insurance? -- Transfer of the possibility of loss (risk) to an insurance company. What is a risk? -- The uncertainty of financial loss There are two types of loss -- Pure and Speculative Which typ...

Primerica Life Insurance Exam Review Questions with complete solutions- Graded A+ If an insurer meets the state's financial requirements and is approved to transact business in the state, it is considered to be --Authorized A participating insurance policy may do which of the following? --Pay di...

Primerica Life & Health Insurance Exam - Multiple choice with Verified Answers | Latest 2023/2024 If the agent fails to obtain an applicant's signature on the application, the agent must: a) Sign the application, stating it was by the agent b) Send the application to the insurer with a note expl...