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PRIMERICA PRACTICE TEST 2025
update|comprehensive questions and verified
answers (complete solutions) A+ GRADE!!
The receipt given to a life insurance applicant when the application is completed
and the initial premium is received is called a(n) - (answers)conditional receipt
Statements in the application for insurance that are believed to be true to the
best of the applicant's knowledge are called - (answers)representations
An annuity is considered fixed when it does all of the following EXCEPT -
(answers)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 - (answers)continuous premium
(straight) life
The policy and a copy of the application, along with any riders and amendments,
is called the - (answers)entire contract
Money borrowed from the policy's cash value is - (answers)not taxable
Which of the following annuity products requires an agent to hold a securities
license? - (answers)variable annuities
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Which type of annuity settlement stops when the annuitant dies? - (answers)life
income annuity
At what age can a participant receive distributions from a qualified plan without
incurring a 10% penalty? - (answers)59.5
Which settlement option guarantees an income for 2 or more recipients for as
long as they live - (answers)joint and survivor
Two business partners own life insurance on each other. If one partner dies,
which of the following contracts will allow the surviving partner to use the death
benefit to purchase the deceased's business interests? - (answers)buy-sell
agreement
Which of the following would be considered a flexible premium policy? -
(answers)universal life
If an annuitant dies during the accumulation period, what will the beneficiary
receive? - (answers)either the cash value or the premiums paid, whichever is
greater
Any insurer who is NOT approved to do business in this state is considered -
(answers)nonadmitted
PRIMERICA PRACTICE TEST 2025
update|comprehensive questions and verified
answers (complete solutions) A+ GRADE!!
The receipt given to a life insurance applicant when the application is completed
and the initial premium is received is called a(n) - (answers)conditional receipt
Statements in the application for insurance that are believed to be true to the
best of the applicant's knowledge are called - (answers)representations
An annuity is considered fixed when it does all of the following EXCEPT -
(answers)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 - (answers)continuous premium
(straight) life
The policy and a copy of the application, along with any riders and amendments,
is called the - (answers)entire contract
Money borrowed from the policy's cash value is - (answers)not taxable
Which of the following annuity products requires an agent to hold a securities
license? - (answers)variable annuities
, 2|Page
Which type of annuity settlement stops when the annuitant dies? - (answers)life
income annuity
At what age can a participant receive distributions from a qualified plan without
incurring a 10% penalty? - (answers)59.5
Which settlement option guarantees an income for 2 or more recipients for as
long as they live - (answers)joint and survivor
Two business partners own life insurance on each other. If one partner dies,
which of the following contracts will allow the surviving partner to use the death
benefit to purchase the deceased's business interests? - (answers)buy-sell
agreement
Which of the following would be considered a flexible premium policy? -
(answers)universal life
If an annuitant dies during the accumulation period, what will the beneficiary
receive? - (answers)either the cash value or the premiums paid, whichever is
greater
Any insurer who is NOT approved to do business in this state is considered -
(answers)nonadmitted
