Primerica Practice Test: Questions & Answers: Latest Solution

The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) (Ans- conditional receipt Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called (Ans- representations An annuity is considered fixed when it does all of the following EXCEPT (Ans- 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 (Ans- continuous premium (straight) life The policy and a copy of the application, along with any riders and amendments, is called the (Ans- entire contract