PRIMERICA LIFE INSURANCE EXAM
UPDATED ACTUAL EXAM PAPER
2026 COMPLETE QUESTIONS AND
CORRECT ANSWERS GRADED A+
◉ What is the definition of a unilateral contract?
Answer: One-sided: only one party makes an enforceable promise
◉ The main difference between immediate and deferred annuities is
Answer: When the income payments begin
◉ A policy owner who is also the insured wants to name her husband as
the beneficiary of her life policy. She also wishes to retain all of the
rights of ownership. The policy owner should have her husband named
as the.
Answer: Revocable beneficiary
◉ What is the number of credits required for fully insured status for
Social Security disability benefits
Answer: 40
◉ An insured has a life insurance policy that requires him to only pay
premiums for a specified number of years until the policy is paid up.
What kind of policy is it?
Answer: Limited Pay Life
,◉ Which policy component decreases in decreasing term insurance?
Answer: Face amount
◉ All of the following statements concerning an employer, sponsored
non-qualified retirement plan are true except
Answer: The employer can receive a current tax deduction for any
contributions made to the plan
◉ Insurance is the transfer of
Answer: risk
◉ Which of the following is called a second to die policy
Answer: survivorship life
◉ Which of the following components must the life insurance policy
have to allow policy loans?
Answer: cash value
◉ A 403b plan, commonly referred to as TSA, is available to be used by
Answer: Teachers and not for profit organizations
◉ The insured had his wife named as the beneficiary of his life policy.
To ensure that his wife had income for life after the insureds death, he
, chose the life income settlement option. The amount of payments will be
determined by taking into account all of the following, except.
Answer: Age at death
◉ Which of the following is true of a qualified plan
Answer: It has a tax benefit for both employer and employee.
◉ A producer must do all of the following when delivering a new policy
to the insured except
Answer: Disclose commissions earned from the sale of the policy.
◉ Under which non-forfeiture option does the company pay the
surrender value and have no further obligations to the policy owner?
Answer: Cash surrender
◉ The president of a company is starting an annuity and decides that his
corporation will be the annuitant. Which of the following statements is
true?
Answer: The annuitant must be a natural person.
◉ The insured under a $100,000 life insurance policy with a triple
indemnity rider for accidental death was killed in a car accident. It was
determined that the accident was his fault. The triple indemnity rider in
the policy specifies that the death must not be contributed to by the
insured in any manner. In this case, what will the policy beneficiary
receive?
UPDATED ACTUAL EXAM PAPER
2026 COMPLETE QUESTIONS AND
CORRECT ANSWERS GRADED A+
◉ What is the definition of a unilateral contract?
Answer: One-sided: only one party makes an enforceable promise
◉ The main difference between immediate and deferred annuities is
Answer: When the income payments begin
◉ A policy owner who is also the insured wants to name her husband as
the beneficiary of her life policy. She also wishes to retain all of the
rights of ownership. The policy owner should have her husband named
as the.
Answer: Revocable beneficiary
◉ What is the number of credits required for fully insured status for
Social Security disability benefits
Answer: 40
◉ An insured has a life insurance policy that requires him to only pay
premiums for a specified number of years until the policy is paid up.
What kind of policy is it?
Answer: Limited Pay Life
,◉ Which policy component decreases in decreasing term insurance?
Answer: Face amount
◉ All of the following statements concerning an employer, sponsored
non-qualified retirement plan are true except
Answer: The employer can receive a current tax deduction for any
contributions made to the plan
◉ Insurance is the transfer of
Answer: risk
◉ Which of the following is called a second to die policy
Answer: survivorship life
◉ Which of the following components must the life insurance policy
have to allow policy loans?
Answer: cash value
◉ A 403b plan, commonly referred to as TSA, is available to be used by
Answer: Teachers and not for profit organizations
◉ The insured had his wife named as the beneficiary of his life policy.
To ensure that his wife had income for life after the insureds death, he
, chose the life income settlement option. The amount of payments will be
determined by taking into account all of the following, except.
Answer: Age at death
◉ Which of the following is true of a qualified plan
Answer: It has a tax benefit for both employer and employee.
◉ A producer must do all of the following when delivering a new policy
to the insured except
Answer: Disclose commissions earned from the sale of the policy.
◉ Under which non-forfeiture option does the company pay the
surrender value and have no further obligations to the policy owner?
Answer: Cash surrender
◉ The president of a company is starting an annuity and decides that his
corporation will be the annuitant. Which of the following statements is
true?
Answer: The annuitant must be a natural person.
◉ The insured under a $100,000 life insurance policy with a triple
indemnity rider for accidental death was killed in a car accident. It was
determined that the accident was his fault. The triple indemnity rider in
the policy specifies that the death must not be contributed to by the
insured in any manner. In this case, what will the policy beneficiary
receive?
