Primerica Life Insurance State Exam 2026
Question and Answer | Newest Previously
Tested Scripts | Verified Solutions | A+
Verified
• Human life values approach. CORRECT ANSWER: Calculates an individual's
life value by looking at the insureds future wages,inflation,the number of years to
retirement,and the time value of money.
• What time must the producer present the applicant with a notice regarding
replacement of life insurance. CORRECT ANSWER: Producers must present to
the applicant a notice regarding replacement that is signed by both the applicant
and the producer. A copy must be left with the applicant.
• Risk. CORRECT ANSWER: Is the uncertainty or chance of a loss occurring.
• MIB (medical information bureau. CORRECT ANSWER: MIB is a non profit
trade organization which receives adverse medical information from insurance
companies and maintains confidential medical impairment information on
individuals
• Perjury. CORRECT ANSWER: If a person signs a fraudulent claim form,that
person may be found guilty
• Universal life. CORRECT ANSWER: policy has two components: an insurance
component and a cash account. The insurance component of a universal life policy
is always annually renewable term insurance .
• The right to a full refund of premiums for insureds age 60 or older. CORRECT
ANSWER: The right of recission for a full refund must last for at least 30 days
Question and Answer | Newest Previously
Tested Scripts | Verified Solutions | A+
Verified
• Human life values approach. CORRECT ANSWER: Calculates an individual's
life value by looking at the insureds future wages,inflation,the number of years to
retirement,and the time value of money.
• What time must the producer present the applicant with a notice regarding
replacement of life insurance. CORRECT ANSWER: Producers must present to
the applicant a notice regarding replacement that is signed by both the applicant
and the producer. A copy must be left with the applicant.
• Risk. CORRECT ANSWER: Is the uncertainty or chance of a loss occurring.
• MIB (medical information bureau. CORRECT ANSWER: MIB is a non profit
trade organization which receives adverse medical information from insurance
companies and maintains confidential medical impairment information on
individuals
• Perjury. CORRECT ANSWER: If a person signs a fraudulent claim form,that
person may be found guilty
• Universal life. CORRECT ANSWER: policy has two components: an insurance
component and a cash account. The insurance component of a universal life policy
is always annually renewable term insurance .
• The right to a full refund of premiums for insureds age 60 or older. CORRECT
ANSWER: The right of recission for a full refund must last for at least 30 days
