Primerica practice exam 2 - Study guides, Class notes & Summaries

PRIMERICA LIFE INSURANCE EXAM PRACTICE QUESTIONS AND ANSWERS | 100% PASS 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. nonprofit service organization d. stock - Answer️️ -A. mutual funds not paid out after paying claims and other operating ...

Primerica Life Insurance Exam: Questions & Answers (with explanations) GRADED A 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. nonprofit service organization d. stock A. mutual funds not paid out after paying claims and other operating costs...

Life Insurance Primerica Exam Practice Questions and Answers Which will be included in a policy summary? - Answer️️ -Premium amounts and surrender values Why should the producer personally deliver the policy when the first premium has already been paid? - Answer️️ -To help the insured understand all aspects of the contract An insurance contract requires that both the insured and the insurer meet certain conditions in order for the contract to be enforceable. What contract charact...

Primerica Practice test part 2, questions with verified content 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 selected by the applicant. d) The testing practices must meet the criteria of the U.S. Department of Health and Human Services. b ...

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. H...

Primerica: stimulated exam Questions and Answers 100% correct Which insurance principle states that if a policy allows for greater compensation than the financial loss incurred, the insured may only receive benefits for the amount lost? indemnity Which of the following allows the insurer to relieve a minor insured from premium payments if the minor's parents have died or become disabled? Payor Benefit Which of the following is NOT an allowable 1035 exchange? A whole life insur...

Primerica Life Exam (State), Questions with accurate answers. 100% verified. Graded A The McCarran Act stated that the federal government would not regulate insurance as long as an adequate job of regulating the industry was done by the: a. Counties b. Federal Government c. Insurers in a state d. States - ? Circulating deceptive sales material to the public is what type of Unfair Trade Practice? a. False advertising b. Defamation c. Coercion d. Misrepresentation - ? A "ce...

Primerica Life License. Exam Questions with accurate answers. 100% Proven pass rate. 2022/2023. What limits the amount that a policyowner may borrow from a whole life insurance policy? - Cash value What is NOT true about a joint and survivor annuity benefit option? - Payments stop after the first death among the annuitants. If a beneficiary wants a guarantee that benefits paid from principal and interest would be paid for a period of 10 years before being exhausted, what settlement op...

Primerica Practice Exam Test A 75 Questions & Answers 2023 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. - Correct 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 ...

PRIMERICA LIFE INSURANCE EXAM LATEST UPDATE 2024 GRADED A+ 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. nonprofit service organization d. stock - CORRECT ANSWER-A. mutual funds not paid out after paying claims and other operating costs are ...