Complete PACKAGE DEAL: Primerica-Life Insurance |VERIFIED|

Primerica Practice Test Part 1 [100% Correct] 2024 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 u...

Primerica Life Insurance State Exam |Question and Answer| 100% Correct Deferred Annuity *Ans* 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 annu...

Primerica Life Insurance Test Review [100% Correct Answer] Q&A 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...

Primerica Life Insurance Exam |Question and Answer| 100% Correct Agent/Producer *Ans* 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 proposed insured *Ans* a person apply...

Life Insurance Exam 1 (Primerica) #Verified 401k 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 transfer of rights and/or benef...

Primerica Final Exam Elaboration |Question and Answer| 100% Correct Agent/Producer *Ans* 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 proposed insured *Ans* a person ap...

Primerica Pre-licensing Course Solved Exam |Question and Answers| 100% Correct agent *Ans* legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer insured *Ans* the person covered by the insurance ...

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...