Primerica practice te - Study guides, Class notes & Summaries

Primerica Practice Test Part 1 With 100% Correct Answers 2023 An insured under a life insurance policy has been diagnosed with a terminal illness and has 6 months to live. The insured knows that his financial state will worsen even more with the upcoming medical expenses. What option could the insured utilize? a) Estate liquidation b) Nonpayment of premium c) Change of beneficiary d) Viatical settlement - Correct answer-d Which of the following best describes fixed-period settlement opt...

The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) conditional receipt Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called representations An annuity is considered fixed when it does all of the following EXCEPT provides the annuitant with an interest rate that is the lesser of the guaranteed or current rate The most co...

Primerica Practice Test Part 1 An insured under a life insurance policy has been diagnosed with a terminal illness and has 6 months to live. The insured knows that his financial state will worsen even more with the upcoming medical expenses. What option could the insured utilize? a) Estate liquidation b) Nonpayment of premium c) Change of beneficiary d) Viatical settlement - d Which of the following best describes fixed-period settlement option? a) Only the principal amount will be ...

Primerica Practice Test The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) - conditional receipt Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called - representations An annuity is considered fixed when it does all of the following EXCEPT - provides the annuitant with an interest rate that is the lesser of the guaranteed or curren...

Primerica Practice Test Part 1 Questions with 100% Correct Answers | Latest Version 2024/2025 | Expert Verified | Ace the Test

Primerica Practice Test Questions with 100% Correct Answers | Latest Version 2024/2025 | Expert Verified | Ace the Test

The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) - Answer--conditional receipt Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called - Answer--representations An annuity is considered fixed when it does all of the following EXCEPT - Answer--provides the annuitant with an interest rate that is the lesser of the guaranteed or cur...

An insured under a life insurance policy has been diagnosed with a terminal illness and has 6 months to live. The insured knows that his financial state will worsen even more with the upcoming medical expenses. What option could the insured utilize? a) Estate liquidation b) Nonpayment of premium c) Change of beneficiary d) Viatical settlement d Which of the following best describes fixed-period settlement option? a) Only the principal amount will be paid out within a specified period of ...

PRIMERICA PRACTICE TEST