Primerica life insurance state exam questions with 100% correct answers.

1. Deferred Annuity - Correct answer an annuity in which the income payments begin sometime after one year from the date of purchase. Deferred annuities can be funded with a single lump sum payment so it is referred to as a single premium differed annuities. 2. Human life values approach - Correct answer Calculates an individual's life value by looking at the insured’s future wages, inflation, the number of years to retirement, and the time value of money. 3. What time must the producer present the applicant with a notice regarding replacement of life insurance - Correct answer Producers must present to the applicant a notice regarding replacement that is signed by both the applicant and the producer. A copy must be left with the applicant. 4. Risk - Correct answer is the uncertainty or chance of a loss occurring. 5. MIB (medical