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Primerica Life Insurance Focused Exam
Questions And Answers With Verified
Solutions 100% Correct Rated A+ Newly
Updated 2025
The paid-up addition option uses the dividend - ANSWER✔✔ To purchase a
smaller amount of the same type of insurance as the original policy.
An applicant for insurance is requesting more information from her agent about a
claim that is currently being settled. Within what time period must the agent
respond? - ANSWER✔✔ 15 days
Which of the following is NOT a legitimate use of annuities by businesses? -
ANSWER✔✔ Creating a tax shelter
In determining how material a piece of information is to each party of a contract,
the value is not determined by the event itself, but solely by which of the
following? - ANSWER✔✔ Influence this information would have in forming an
estimate of the advantages or the disadvantages of the contract.
Which of the following statements concerning buy-sell agreements is true? -
ANSWER✔✔ Buy-sell agreements are normally funded with a life insurance
policy.
When an employer offers to give an employee a wage increase in the amount of
the premium on a new life insurance policy, this is called a(n) - ANSWER✔✔
Executive bonus.
When a life insurance policy stipulates that the beneficiary will receive payments
in specified installments or for a specified number of years, what provision
prevents the beneficiary from changing or borrowing from the planned
installments? - ANSWER✔✔ Spendthrift provision
When an insured under a life insurance policy died, the designated beneficiary
received the face amount of the policy, as well as a refund of all of the premiums
paid. Which rider is attached to the policy? - ANSWER✔✔ Return of premium
Primerica Life Insurance Focused Exam
Questions And Answers With Verified
Solutions 100% Correct Rated A+ Newly
Updated 2025
The paid-up addition option uses the dividend - ANSWER✔✔ To purchase a
smaller amount of the same type of insurance as the original policy.
An applicant for insurance is requesting more information from her agent about a
claim that is currently being settled. Within what time period must the agent
respond? - ANSWER✔✔ 15 days
Which of the following is NOT a legitimate use of annuities by businesses? -
ANSWER✔✔ Creating a tax shelter
In determining how material a piece of information is to each party of a contract,
the value is not determined by the event itself, but solely by which of the
following? - ANSWER✔✔ Influence this information would have in forming an
estimate of the advantages or the disadvantages of the contract.
Which of the following statements concerning buy-sell agreements is true? -
ANSWER✔✔ Buy-sell agreements are normally funded with a life insurance
policy.
When an employer offers to give an employee a wage increase in the amount of
the premium on a new life insurance policy, this is called a(n) - ANSWER✔✔
Executive bonus.
When a life insurance policy stipulates that the beneficiary will receive payments
in specified installments or for a specified number of years, what provision
prevents the beneficiary from changing or borrowing from the planned
installments? - ANSWER✔✔ Spendthrift provision
When an insured under a life insurance policy died, the designated beneficiary
received the face amount of the policy, as well as a refund of all of the premiums
paid. Which rider is attached to the policy? - ANSWER✔✔ Return of premium
