Test Bank 2: Primerica Life Insurance ||100% Correct

Primerica Chapter 1 Questions Guide |100% Correct Answer| #VERIFIED What do individuals use to transfer their risk of loss to a larger group? *Ans* Insurance Best Describe the MIB *Ans* Nonprofit organization that maintains underwriting information on applicants for life and health insurance...

Primerica Life Insurance Chapter 5: Annuities |Question and Answer| 100% Correct Deferred *Ans* Withheld or postponed until a specified time or event in the future IRS *Ans* Internal Revenue Service: Responsible for tax collection and tax enforcement Life Contingency *Ans* Depended on wheth...

Primerica Exam |Question and Answer| 100% Correct Which of the following is not ordinary life insurance? a. A life paid up to 65 policy b. A 30 year decreasing term policy c. A group life insurance policy d. A 20-year endowment policy *Ans* c. A group life insurance policy A failure to commu...

Life Insurance Primerica Solved Exam |Question and Answer| 100% Correct 401 k plan *Ans* 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 *Ans* Absolute: A permanent and irrevocable t...

Primerica Exam General 100% Correct Answers |Question and Answer| 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 ...

PRIMERICA LIFE INSURANCE EXAM 2024 |Question and Answer| 100% Correct 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 ins...

Primerica-Life Insurance, All Core Exams |Question and Answer| 100% Correct 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 *Ans* d. insurable interest-STOLI purchaser doesn't kn...