PRIMERICA LIFE INSURANCE EXAM LATEST
2024-2025 ACTUAL EXAM 150 REAL EXAM
QUESTIONS AND CORRECT ANSWERS WITH
RATIONALES (100% VERIFIED ANSWERS)
Terms in this set (194)
a 10% penalty must be C. 59 1/2
paid on withdrawals made
from a qualified plan
before age
a. 40
b. 70 1/2
c. 59 1/2
d. 65
,ABC insurance company D. obtain a certificate of authority
wishes to begin
transacting business in all insurers, regardless of the state in which they are
Louisiana. Before it can do chartered, must obtain a certificate of authority from
so, it must do which of the the louisiana insurance department before they can
following? transact insurance in the state
a. receive permission from
the governor of louisiana
b. receive a letter of
clearance from ABC's
home state
c. obtain approval of each
of its corporate officer
and executives
d. obtain a certificate of
authority
according to agency law, a. insurance company
the producer always
represents the under agency law, producers legally represent the
insurance company with which they are contracted
a. insurance company
b. client
c. public
d. state insurance
department
,according to the B. guaranteed surrender value
nonforfeiture law, if the
owner decides to
surrender a deferred
annuity prior to
annuitization, the owner is
entitled to which of the
following?
a. full premium refund
without any charges
b. guaranteed surrender
value
c. no payments
d. annuity dividends
an adjustable life A. the coverage period
policyowner can change
which of the following typically, the owner of an adjustable life policy has the
features? following privileges: increasing or decreasing
premium, changing the premium paying-period,
a. the coverage period increasing or decreasing the fat amount of coverage,
b. the mortality expense or changing the period of protection
c. the investment account
d. the insured
, after a back injury, an A.monthly premium waiver and monthly income
insured is disabled for a
year. His insurance policy the disability income death benefit rider waives the
carries a disability income policy premiums, just like the Waiver of Premium rider.
death benefit rider. Which Unlike the Waiver Premium rider, it also allows the
of the following benefits insured to receive a weekly or monthly income during
will he receive? the disability period
a. monthly premium waiver
and monthly income
b. percentage of medical
costs paid by the insurer
c. payments for life
d. yearly premium waiver
and income
an agent offers his client A. rebating
free tickets to a sporting
even in exchange for the when producers give or promise anything of value
purchase of an insurance that is not specified in the policy, they are guilty of
policy. the agent is guilty rebating
of
a. rebating
b. coercion
c. twisting
d. controlled business
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