Primerica exam stimulator - Study guides, Class notes & Summaries

Primerica exam stimulator study guide with complete verified solutions 2025.

A provision in a life insurance policy that provides for the early payment of some portion of the policy face amount should the insured suffer from a terminal illness or injury is called Accelerated Benefit provision. Which of the following would NOT fall into the category of costs associated with death? The expense of a vacation for surviving family members A set of legal or regulatory conditions that affect an insurer's ability to collect premiums commensurate with the level o...

A contract which one party undertakes to indemnify another against loss is called - Insurance. A father owns a life insurance policy on his 15-year-old daughter. The policy contains the optional Payor Benefit rider. If the father becomes disabled, what will happen to the life insurance premiums? - The insured's premiums will be waived until she is 21. A married couple owns a permanent policy which covers both of their lives and pays the death benefit only upon the death of the first insure...

PRIMERICA EXAM STIMULATOR STUDY GUIDE QUESTIONS AND ANSWERS WITH SOLUTONS 2024

A provision in a life insurance policy that provides for the early payment of some portion of the policy face amount should the insured suffer from a terminal illness or injury is called - Accelerated Benefit provision. Which of the following would NOT fall into the category of costs associated with death? - The expense of a vacation for surviving family members A set of legal or regulatory conditions that affect an insurer's ability to collect premiums commensurate with the level of risk...

A provision in a life insurance policy that provides for the early payment of some portion of the policy face amount should the insured suffer from a terminal illness or injury is called - ANSWER-Accelerated Benefit provision. Which of the following would NOT fall into the category of costs associated with death? - ANSWER-The expense of a vacation for surviving family members A set of legal or regulatory conditions that affect an insurer's ability to collect premiums commensurate with the...