Primerica exam 4 QUESTIONS WITH COMPLETE SOLUTIONS

Which of the following annuity riders ensures that the owner will receive from an annuity at least the amount paid for the annuity? correct answer: Guaranteed Lifetime Withdrawal What describes a situation when poor risks are balanced with preferred risks, and average risks are in the middle? correct answer: Profitable distribution of exposures In which of the following instances would the premium be tax deductible? correct answer: Premiums paid by an employer on a $30,000 group term life insurance plan for employees Every expressed warranty made at or before the execution of a policy must be correct answer: Contained in and referred to in the policy or other document and signed by the insured. Which nonforfeiture option provides coverage for the longest period of time? correct answer: Reduced paid-up In case of a loss, the indemnity provision in insurance policies correct answer: Restores an insured person to the same financial state as before the loss. What is the purpose of annuity riders? correct answer: To allow investors to obtain additional benefit Which of the following riders would NOT cause the Death Benefit to increase? correct answer: Payor Benefit Rider Which option for Universal life allows th