Exam (elaborations)
Primerica Practice Exam Test A Questions and Complete Solutions Graded A+.
- Course
- Institution
Primerica Practice Exam Test A Questions and Complete Solutions Graded A+.
[Show more]
Content preview
Primerica PracticeExam Test A
Questions and
Complete Solutions
Graded A+
Denning [Date] [Course title]
, 1. An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is
called a:
A. Single premium immediate annuity.
B. Single premium deferred annuity.
C. Level premium variable annuity.
D. Flexible premium fixed annuity. - Answer: Single premium deferred annuity
2. A technique used to determine the amount of life insurance needed by focusing on the projected
earning potential of an insured is called the:
A. Needs approach.
B. Future income option.
C. Human life value approach.
D. Life income approach. - Answer: Human life value approach
3. When replacing a policy the producer must present the applicant with a Notice Regarding
Replacement of Life Insurance:
A. At the policy delivery date.
B. 7 days after the initial meeting.
C. On the date the underwriter approves the policy.
D. At the time of taking the application. - Answer: At the time of taking the application
4. The possibility of a financial loss incurred by a life insurance company for the premature death of an
insured is known as a:
A. Peril.
B. Risk.
C. Hazard.
D. Loss. - Answer: Risk
5. The Medical Information Bureau (MIB) is a nonprofit trade association that maintains:
A. Motorist information on applicants for life and health insurance.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YourExamplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80796 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now