PRIMERICA FINAL SCRIPT PAPER 2026
VERIFIED SOLUTIONS FULL CONTENT
◉ Absolute Assignment v. Collateral Assignment
Answer: Absolute: A permanent and irrevocable transfer of rights
and/or benefits by the policyowner. Collateral: A temporary and/or
revocable transfer of benefits by the policy owner
◉ Accelerated Death Benefit
Answer: Policy provision that allows full or partial payment of the
policy's death benefit before the insured's death if he/she is
terminally ill.
◉ Accidental Death Benefit
Answer: An extra cost rider that requires the insurance company to
pay an additional benefit in the event that the insured dies within 90
days of an accident as a direct result of the accident.
◉ Accumulate at Interest
Answer: The Dividend Option where the policyowner leaves the
dividends with the insurer to invest and earn interest.
,◉ Adhesion
Answer: Since the insurer created all the documents of the contract,
any ambiguities in the contract will be settled in favor of the insured.
Since the insurer wrote the contract they are stuck with it.
◉ Adverse Selection
Answer: The tendency for less favorable risks to seek or continue
insurance to a greater extent than more favorable risks.
◉ Agency Agreement or Agency Contract
Answer: A legal document containing the terms of the agreement
between the agent and the insurance company. It clearly defines
what an agent can and cannot do, and how he/she will be
compensated.
◉ Agent Authorities
Answer: Expressed: Power or authority specifically granted in
writing to an agent by the insurance company in their Agency
Agreement. Apparent: Power or authority that the public reasonably
assumes an agent has based upon his/her actions. Implied: Power or
authority that is not expressly granted by the company but that an
agent can assume or that are implied he/she has in order to transact
insurance business
◉ Agent/Producer
, Answer: Anyone who sells or aids in the selling of insurance. Legally
represents the company
◉ Agent's Report
Answer: A written report from the agent submitted to the insurer
along with the application disclosing what the agent knows,
observed, or learned about the proposed insured's risks.
◉ Aleatory
Answer: Unequal exchange of value. One party may obtain a far
greater value than the other under the contract.
◉ Annual Renewable Term
Answer: A Term Life Insurance contract which gives the policyowner
the option to renew the policy each year without showing proof of
insurability. Premiums increase at each renewal.
◉ Annuitant
Answer: The person that buys an annuity; may or may not be an
annuity's policyowner.
◉ Annuity
VERIFIED SOLUTIONS FULL CONTENT
◉ Absolute Assignment v. Collateral Assignment
Answer: Absolute: A permanent and irrevocable transfer of rights
and/or benefits by the policyowner. Collateral: A temporary and/or
revocable transfer of benefits by the policy owner
◉ Accelerated Death Benefit
Answer: Policy provision that allows full or partial payment of the
policy's death benefit before the insured's death if he/she is
terminally ill.
◉ Accidental Death Benefit
Answer: An extra cost rider that requires the insurance company to
pay an additional benefit in the event that the insured dies within 90
days of an accident as a direct result of the accident.
◉ Accumulate at Interest
Answer: The Dividend Option where the policyowner leaves the
dividends with the insurer to invest and earn interest.
,◉ Adhesion
Answer: Since the insurer created all the documents of the contract,
any ambiguities in the contract will be settled in favor of the insured.
Since the insurer wrote the contract they are stuck with it.
◉ Adverse Selection
Answer: The tendency for less favorable risks to seek or continue
insurance to a greater extent than more favorable risks.
◉ Agency Agreement or Agency Contract
Answer: A legal document containing the terms of the agreement
between the agent and the insurance company. It clearly defines
what an agent can and cannot do, and how he/she will be
compensated.
◉ Agent Authorities
Answer: Expressed: Power or authority specifically granted in
writing to an agent by the insurance company in their Agency
Agreement. Apparent: Power or authority that the public reasonably
assumes an agent has based upon his/her actions. Implied: Power or
authority that is not expressly granted by the company but that an
agent can assume or that are implied he/she has in order to transact
insurance business
◉ Agent/Producer
, Answer: Anyone who sells or aids in the selling of insurance. Legally
represents the company
◉ Agent's Report
Answer: A written report from the agent submitted to the insurer
along with the application disclosing what the agent knows,
observed, or learned about the proposed insured's risks.
◉ Aleatory
Answer: Unequal exchange of value. One party may obtain a far
greater value than the other under the contract.
◉ Annual Renewable Term
Answer: A Term Life Insurance contract which gives the policyowner
the option to renew the policy each year without showing proof of
insurability. Premiums increase at each renewal.
◉ Annuitant
Answer: The person that buys an annuity; may or may not be an
annuity's policyowner.
◉ Annuity
