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Life Insurance Exam 1 (Primerica) Questions
With Correct Answers 100% Verified.
401k plan - Answer✔A qualified retirement plan in which the
employee can set aside a portion of their income
with pre-tax dollars.
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 policyowner.
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
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Life Insurance Exam 1 (Primerica) Questions
With Correct Answers 100% Verified.
401k plan - Answer✔A qualified retirement plan in which the
employee can set aside a portion of their income
with pre-tax dollars.
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 policyowner.
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
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