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Primerica - Life Insurance Basics (AZ) Questions and Answers
with Complete Solutions UPDATED!!!
A producer is helping a married couple determine the financial
needs of their children in the event one or both should die
prematurely. This is a personal use of life insurance known as
A - Survivorship insurance
B - Juvenile protection provision
C - Survivor protection
D - Life planning - ANSWER C - Survivor protection
Life insurance can provide the funds necessary for the survivors
of the insured to be able to maintain their lifestyle in the event
of the insured's death. This is known as survivor protection.
All advertisements are the responsibility of the
A - Insured.
B - Advertising agency.
C - Department of Insurance.
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D - Insurer. - ANSWER D - Insurer.
The insurer whose policies are advertised is responsible for all
its advertisements, regardless of who wrote, created,
presented, or distributed them.
All of the following are duties and responsibilities of producers
at the time of application EXCEPT
A - Change any incorrect statement on the application by
personally initialing next to the corrected statement.
B - Explain the nature and type of any receipt the producer is
giving to the applicant.
C - Probe beyond the stated questions if the producer feels the
applicant is misrepresenting or concealing information.
D - Check to make sure that there are no unanswered questions
on the application. - ANSWER A - Change any incorrect
statement on the application by personally initialing next to the
corrected statement.
Any changes to information on an application must be initialed
by the applicant.
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All of the following are requirements for producer license
renewal EXCEPT
A - Renewal fees.
B - Record of fingerprints.
C - Renewal examination.
D - Continuing education. - ANSWER C - Renewal examination.
In order to renew a producer's license, proper renewal forms
must be submitted, accompanied by payment of the required
fees, and proof of the completion of continuing education. The
Director may also require a producer to submit a full set of
fingerprints. Producers do not have to take any special renewal
exams.
All of the following statements concerning the use of life
insurance as an Executive Bonus are correct EXCEPT
A - Any type of insurance policy may be used.
Primerica - Life Insurance Basics (AZ) Questions and Answers
with Complete Solutions UPDATED!!!
A producer is helping a married couple determine the financial
needs of their children in the event one or both should die
prematurely. This is a personal use of life insurance known as
A - Survivorship insurance
B - Juvenile protection provision
C - Survivor protection
D - Life planning - ANSWER C - Survivor protection
Life insurance can provide the funds necessary for the survivors
of the insured to be able to maintain their lifestyle in the event
of the insured's death. This is known as survivor protection.
All advertisements are the responsibility of the
A - Insured.
B - Advertising agency.
C - Department of Insurance.
,2|Page
D - Insurer. - ANSWER D - Insurer.
The insurer whose policies are advertised is responsible for all
its advertisements, regardless of who wrote, created,
presented, or distributed them.
All of the following are duties and responsibilities of producers
at the time of application EXCEPT
A - Change any incorrect statement on the application by
personally initialing next to the corrected statement.
B - Explain the nature and type of any receipt the producer is
giving to the applicant.
C - Probe beyond the stated questions if the producer feels the
applicant is misrepresenting or concealing information.
D - Check to make sure that there are no unanswered questions
on the application. - ANSWER A - Change any incorrect
statement on the application by personally initialing next to the
corrected statement.
Any changes to information on an application must be initialed
by the applicant.
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All of the following are requirements for producer license
renewal EXCEPT
A - Renewal fees.
B - Record of fingerprints.
C - Renewal examination.
D - Continuing education. - ANSWER C - Renewal examination.
In order to renew a producer's license, proper renewal forms
must be submitted, accompanied by payment of the required
fees, and proof of the completion of continuing education. The
Director may also require a producer to submit a full set of
fingerprints. Producers do not have to take any special renewal
exams.
All of the following statements concerning the use of life
insurance as an Executive Bonus are correct EXCEPT
A - Any type of insurance policy may be used.
