Primerica Practice Test 2023 (solved) Primerica Practice test part 1 with complete solutions Primerica Practice test part 2 Questions with Verified Answers Primerica Practice test part 3 Questions with correct Answers Primerica Practice Exam Test A (75 Questions all with correct Answers) Primerica ...
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The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) - Answer- conditional receipt Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called - Answer...
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Add to cartThe receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) - Answer- conditional receipt Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called - Answer...
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 utilize? a) Estate liquidation b) Nonpayment of premium ...
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Add to cartAn 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 utilize? a) Estate liquidation b) Nonpayment of premium ...
Which of the following statements regarding HIV testing for insurance purposes is NOT true? a) HIV testing is regulated at the state level. b) Insurers are barred from requesting HIV testing. c) Positive test results will be forwarded to the state's Department of Health if a physician is not sel...
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Add to cartWhich of the following statements regarding HIV testing for insurance purposes is NOT true? a) HIV testing is regulated at the state level. b) Insurers are barred from requesting HIV testing. c) Positive test results will be forwarded to the state's Department of Health if a physician is not sel...
Credit Life insurance a)Is purchased on an installment basis. b) Insures the life of a creditor. c) Has a maximum term for insurance of 20 years. d) Insures the life of a debtor. - Answer- d In Texas, how is the Commissioner of Insurance placed in office? a) Appointed by the Governor for a t...
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Add to cartCredit Life insurance a)Is purchased on an installment basis. b) Insures the life of a creditor. c) Has a maximum term for insurance of 20 years. d) Insures the life of a debtor. - Answer- d In Texas, how is the Commissioner of Insurance placed in office? a) Appointed by the Governor for a t...
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 options are to reject the policy or accept it as is. Which contract featu...
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Add to cartAn 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 options are to reject the policy or accept it as is. Which contract featu...
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...
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Add to cart1. 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...
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 options are to reject the policy or accept it as is. Which contract featu...
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Add to cartAn 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 options are to reject the policy or accept it as is. Which contract featu...
the purpose of laws regarding the replacement of life and annuity contracts includes all of the following except - 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 - Answer- failure of...
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Add to cartthe purpose of laws regarding the replacement of life and annuity contracts includes all of the following except - 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 - Answer- failure of...
401k plan - Answer- 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 - Answer- Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: ...
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Add to cart401k plan - Answer- 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 - Answer- Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: ...
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 - Answer- d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it viola...
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Add to cartStranger-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 - Answer- d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it viola...
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