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

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...

Primerica Practice Exam 2

Which statement is FALSE concerning insurance company regulations? A.) Insurers may not advertise their membership in the Guarantee Association B.) An insurer suffering from an impairment of their minimum required paid-in capital is labeled solvent C.) The commissioner may begin conservation proceedings against companies who cannot meet solvency regulations D.) An insurer may be liquidated of conservation proves to be futile - Answer- An insurer suffering from an impairment of their minimu...

Which statement is FALSE concerning insurance company regulations? A.) Insurers may not advertise their membership in the Guarantee Association B.) An insurer suffering from an impairment of their minimum required paid-in capital is labeled solvent C.) The commissioner may begin conservation proceedings against companies who cannot meet solvency regulations D.) An insurer may be liquidated of conservation proves to be futile - ANSWERSAn insurer suffering from an impairment of their minimum...

PRIMERICA PRACTICE LIFE EXAM 2024 WITH 100% ACCURATE ANSWERS

Primerica Practice Exam B Questions With Verified Answers 1. The annuity income amount is based on whose life? A. Owner B. Insured C. Annuitant D. Beneficiary - answerannuitant 2. An injured party to a contract is able to rescind the contract for A. Representations. B. Unintentional concealment C. Health problems D. Financial difficulties. - answerunintentional concealment 3. A whole life policy that will generate immediate cash value is A. Single premium. B. Continuous premium. C...

Primerica SIE Exam Questions and Answers Graded A+ What regulatory body is chiefly responsible for overseeing securities markets, including monitoring reporting companies, self-regulatory organizations, and broker-dealers? Securities & Exchange Commission (S.E.C.) In investment terminology, what does NAV stand for? Net Asset Value What term describes the price at which shares of a mutual fund are offered to the public? Public Offering Price (P.O.P.) Which document provides deta...

Primerica Practice Exam B Questions With Verified Answers 1. The annuity income amount is based on whose life? A. Owner B. Insured C. Annuitant D. Beneficiary - answerannuitant 2. An injured party to a contract is able to rescind the contract for A. Representations. B. Unintentional concealment C. Health problems D. Financial difficulties. - answerunintentional concealment 3. A whole life policy that will generate immediate cash value is A. Single premium. B. Continuous premium. C...