Primerica Practice Exam 7 Question and answer rated A+ 2023
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Course
Primerica Practice
Institution
Primerica Practice
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 ad...
Primerica Practice Exam 7 Question and
answer rated A+ 2023
the purpose of laws regarding the replacement of life and annuity contracts includes all
of the following except - correct answer to protect the interests of life insurance and
their agents
all of the following would fall under the category of an adverse underwriting decision
except - correct answer failure of the agent to submit the application to an insurance
company
in order to obtain Group insurance without providing evidence of insurability what do
eligible individuals generally have to do - correct answer enroll with a specified
eligibility.
an agent who acts as an insurance agent broker solicitor life only agent or bail agent
acts in which capacity when handling premiums are return premiums for an insured -
correct answer Fiduciary
in order to determine the amount of premium and insured will pay the insurer multiplies
the rate by - correct answer the number of exposure units
Viatical settlements are accomplished through the use of - correct answer absolute
assignment
the conversion privilege allows a person to change coverage from - correct answer A
group policy to an individual policy
all of the following statements about qualified pension plans are true except - correct
answer employer contributions are taxable to employees in the year they are
contributed
what is the written instrument called in which the insurance contract is set forth - correct
answer The policy
which nonforfeiture option uses cash surrender value used to purchase paid-up term
insurance for a full face amount of the policy - correct answer extended term
insurance
what is the difference between a defined contribution plan and a defined benefit plan -
correct answer the penalties for early distribution
a life only agent records must include all of the following except - correct answer
printed material in Juneau use which has been distributed by then insurer
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a worker dies while he is credited with six quarters of the last 13 quarter. What status
does the worker have under Social Security - correct answer currently insured
a return of Premium Rider is a rider that - correct answer Provides for the periodic
return of a percentage of the premiums that have been paid if the insured becomes and
remains disabled
in agents appointment with an insurer will be discontinued if all of the following
circumstances exist except - correct answer another insurer submits in employment
application
Social Security provides protection against the financial consequences of all of the
following except - correct answer poor Investments
which retirement plan utilizes nondeductible contributions - correct answer Roth IRAs
all of the occurrences listed below are examples of an insurable event as defined by the
California insurance code except - correct answer and insured suffers a financial loss
in the state lottery
the Social Security normal retirement age depends upon - correct answer worker's
year of birth.
the complete transfer by existing owner of All rights in an insurance policy to another
person is - correct answer absolute assignment
which retirement plan was designed for employees of Public School Systems - correct
answer TSA
which settlement option allows only the death benefit earnings to be paid to the
beneficiary - correct answer interest option
all of the following apply to the life insurance cost of living Rider except - correct answer
the face value of the policy raises or lowers has the cost of living index increases or
decreases
the Social Security blackout. Ends when the surviving spouse reaches the age of -
correct answer 60
retirement benefits under Social Security are available only for workers who are -
correct answer fully insured
in which plants do employers make specific contributions to an employee's retirement
account - correct answer defined contribution planPowered by TCPDF (www.tcpdf.org)
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