Exam (elaborations)
Chapter 4-Primerica Questions and Answers 2024
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Exam of 2 pages for the course Primerica Life Insurance at Primerica Life Insurance (Chapter 4-Primerica)
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Chapter 4-PrimericaWhat is the name of the insured who enters into a viatical settlement? - answer Viator
Who is a third-party owner? - answer A policyowner who is not the insured
In a life settlement contract, whom does the life settlement represent? - answer The
owner
If an employee wants to enter the group outside of the open enrollment period, to
reduce adverse selection, the insurer may - answer Require evidence of insurability
In a single employer group plan, what is the name of the issued to the employer? -
answer Master Contract
An employee quits his job on May 15th and doesn't convert his Group Life policy to an
individual policy for 2 weeks. He dies in a freak accident on June 1st. What will happen?
- answer The insurer will pay the full death benefit from the group policy to the
beneficiary
An employee quits his job and converts his group policy to an individual policy will be
based on his - answer Attained age
Which type of retirement account allows contributions to continue beyond age 70 1/2
and does not force distributions to start at 70 1/2? - answer Roth IRA
When an employee terminates coverage under a group insurance policy, coverage
continues in force for how many days? - answer31
Two attorneys at law and operate their practice as a partnership. They want to start a
program through their practice that will provide retirement benefits for themselves and
three employees. They would likely choose... - answerHR-10 (Keogh Plan)
A key person insurance policy can pay for what? - answer Costs of training a
replacement
For a retirement plan to be qualified, it must be designed for the benefit of – answer
Employees
If a company has a Simplified Employee Pension plan, what type of plan is it? - answer
A qualified plan for small businesses
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