PRIMERICA ACTUAL EXAM PAPER 2026
QUESTIONS AND SOLUTIONS GRADED A
PLUS
◉ 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 current rate
◉ The most common type of whole life insurance where premiums
are payable over the whole life of the insured to age 100 is called
Answer: continuous premium (straight) life
◉ The policy and a copy of the application, along with any riders and
amendments, is called the
Answer: entire contract
, ◉ Money borrowed from the policy's cash value is
Answer: not taxable
◉ Which of the following annuity products requires an agent to hold
a securities license?
Answer: variable annuities
◉ Which type of annuity settlement stops when the annuitant dies?
Answer: life income annuity
◉ At what age can a participant receive distributions from a
qualified plan without incurring a 10% penalty?
Answer: 59.5
◉ Which settlement option guarantees an income for 2 or more
recipients for as long as they live
Answer: joint and survivor
◉ Two business partners own life insurance on each other. If one
partner dies, which of the following contracts will allow the
surviving partner to use the death benefit to purchase the
deceased's business interests?
QUESTIONS AND SOLUTIONS GRADED A
PLUS
◉ 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 current rate
◉ The most common type of whole life insurance where premiums
are payable over the whole life of the insured to age 100 is called
Answer: continuous premium (straight) life
◉ The policy and a copy of the application, along with any riders and
amendments, is called the
Answer: entire contract
, ◉ Money borrowed from the policy's cash value is
Answer: not taxable
◉ Which of the following annuity products requires an agent to hold
a securities license?
Answer: variable annuities
◉ Which type of annuity settlement stops when the annuitant dies?
Answer: life income annuity
◉ At what age can a participant receive distributions from a
qualified plan without incurring a 10% penalty?
Answer: 59.5
◉ Which settlement option guarantees an income for 2 or more
recipients for as long as they live
Answer: joint and survivor
◉ Two business partners own life insurance on each other. If one
partner dies, which of the following contracts will allow the
surviving partner to use the death benefit to purchase the
deceased's business interests?
