Rica practice exam - 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. H...

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...

Latin America Practice Exam Questions and Answers All Correct Which are the most common climates? - Answer-tropical forest and tropical savanna What natural vegetation is mainly in the region? - Answer-rain forests and grasslands Latin America is what kind of region? - Answer-a region of developing nations-countries in the process of becoming industrialized. Why is Latin America's population increasing rapidly? - Answer-Latin America's urban population is increasing rapidly as peopl...

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

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 EXAM TEST A

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...

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

Primerica Practice Exam 2

Primerica Pre-licensing Course Exam Practice Questions with 100% Correct Answers.Primerica Pre-licensing Course Exam Practice Questions with 100% Correct Answers.