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Primerica Practice Exam 7 (Questions & Answers) Verified 100% Correct!!

Primerica Practice Test Part 1 Questions with 100% Correct Answers | Latest Version 2024/2025 | Expert Verified | Ace the Test

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 representations An annuity is considered fixed when it does all of the following EXCEPT provides the annuitant with an interest rate that is the lesser of the guaranteed or current rate The most co...

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. Hu...

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 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 ...

PRIMERICA PRACTICE EXAM TEST A

Ucan Primerica Practice Exam Questions With Answers Latest Updated 2024/2025 GRADED A+. 401 K Plan 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 Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner. Accelerated Death Benefit Policy provision that allows full or p...

Primerica Practice Test Questions with 100% Correct Answers | Latest Version 2024/2025 | Expert Verified | Ace the Test

PRIMERICA PRACTICE TEST

Ucan Primerica Practice Exam Questions With Answers Latest Updated 2024/2025 GRADED A+. 401 K Plan 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 Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner. Accelerated Death Benefit Policy provision that allows full or p...