Life insurance primerica - Study guides, Class notes & Summaries

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 are returned to the policy owners in the form of a dividend. if all funds are paid o...

Primerica Life Insurance Exam 2024 100% Passed 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 - Answer ️️ -A. mutual funds not paid out after paying claims and other operating costs are returned to the po...

Primerica Life Insurance Practice Questions and Answers

Primerica Life Insurance 2023/ 2024 Updated Exam | (Questions and Verified Answers with Rationales) 100% Correct Q: which of the following insurers are owned by stockholders who have the usual rights of ownership, including the right of voting? A. Reciprocal B. Fraternal C. Stock D. Mutual Answer: C. Stock Only stock insurance companies are owned and controlled by stockholders Q: which of the following best describes the concept that the insured pays a small amount of prem...

In an insured's neighborhood, individuals are required to pay the fire department if called to their premises. This insured has a homeowner policy. How much will the policy pay for these fire department service charges? up to $500 When applying for an individual life insurance policy, an applicant states that he went to the doctor for nausea, but fails to mention that he was also having severe chest pains. What is this act called? Concealment Brainpower 0:15 / 0:15 The abandonme...

401 k 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: A temporary and/or revocable transfer of benefits by the policyowner. Accelerated Death Benefit - Answer Policy provision that allows full or partial payment of the policy's death be...

Life Insurance Primerica exam | Comprehensive Questions and Answers Latest Updated 2024/2025 With 100% Verified Solutions

Life Insurance Primerica questions and answers latest top score. 401 tk tplan t- t tcorrect tanswer. t t tA tqualified tretirement tplan tin twhich tthe t employee tcan tset taside ta tportion tof ttheir tincome t with tpre-tax tdollars. Absolute tAssignment tv. tCollateral t Assignment t- t tcorrect tanswer. t t tAbsolute: tA tpermanent tand tirrevocable ttransfer t of trights tand/or tbenefits tby tthe tpolicyowner. t Collateral: tA ttemporary tand/or trevocable ttransfe...

Life Insurance Primerica Solved Exam |Question and Answer| 100% Correct 401 k plan *Ans* 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 *Ans* 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 *Ans* Policy provision that all...

Life Insurance Primerica questions and answers latest top score. Which will be included in a policy summary? - correct answers.Premium amounts and surrender values Why should the producer personally deliver the policy when the first premium has already been paid? - correct answers.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 e...