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Primerica Bundled Exams with Complete Solution | Verified Answers | 2024
Primerica Bundled Exams with Complete Solution | Verified Answers | 2024
[Show more]Primerica Bundled Exams with Complete Solution | Verified Answers | 2024
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An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the 
insurance company that was not taxable. This year, she did not receive a check from the insurer. From 
what type of insurer did the insured purchase the policy? 
a. mutual 
b. reciprocal 
c. nonp...
Preview 4 out of 60 pages
Add to cartAn insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the 
insurance company that was not taxable. This year, she did not receive a check from the insurer. From 
what type of insurer did the insured purchase the policy? 
a. mutual 
b. reciprocal 
c. nonp...
The receipt given to a life insurance applicant when the application is completed and the initial premium 
is received is called a(n) - conditional receipt 
Statements in the application for insurance that are believed to be true to the best of the applicant's 
knowledge are called - representation...
Preview 2 out of 5 pages
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) - conditional receipt 
Statements in the application for insurance that are believed to be true to the best of the applicant's 
knowledge are called - representation...
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 fea...
Preview 3 out of 26 pages
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 fea...
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 - d. insurable interest-STOLI purchaser doesn't know the insured, or have any 
interest in the insured's longevity, so it violates the...
Preview 4 out of 182 pages
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 - d. insurable interest-STOLI purchaser doesn't know the insured, or have any 
interest in the insured's longevity, so it violates the...
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. - Single premium deferred annuity 
2. A te...
Preview 2 out of 11 pages
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. - Single premium deferred annuity 
2. A te...
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