Primerica Life Insurance (New i,- i,- i,- i,-
2025/2026 Update) Actual Exam Test i,- i,- i,- i,- i,-
Bank| 200 Questions with Verified i,- i,- i,- i,- i,-
Answers | 100% Correct| Grade A. i,- i,- i,- i,- i,-
In insurance, an offer is usually made when
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A. An applicant submits an application to the insurer
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B. The insurer approves the application and receives the initial
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premium
C. The agent hands the policy to the policyholder
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D. An agent explains a policy to a potential applicant
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-i,- i,- A. An i,- i,-
applicant submits an application to the insurer
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A whole life policy in which the cash value builds faster than a 7-
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
pay whole life policy is a
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A. Modified endowment contract
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B. Universal life contract
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C. Immediate annuity contract
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,D. Limited-pay contract
i,- i,- i,-i,- i,- A. Modified endowment contract
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Death benefits paid to a beneficiary are
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A. Taxed as ordinary income
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B. Subject to inheritance tax
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C. Subject to federal income tax
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D. Tax-free
i,- i,-i,- i,- D. Tax-free
i,-
In insurance, the offer is usually made by the applicant in the
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form of an application. Acceptance takes place when an insurer's
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
underwriter approves the application and issues a policy i,- i,- i,- i,- i,- i,- i,-
The causes of loss insured against in an insurance policy are
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known as i,-
A. Perils
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B. Losses
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C. Risks
i,-
D. Hazards
i,- i,-i,- i,- A. Perils
i,-
Perils are the causes of loss insured against in an insurance policy
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
,What documentation grants express authority to an agent?
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A. Agents contract with the principal
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B. Agents insurance license
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C. Fiduciary contract
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D. State provisions
i,- i,- i,-i,- i,- A. Agents contract with the principal
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The principal grants authority to an agent through the agent's
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contract
Which of the following best describes an insurance company that
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has been formed under the laws of this state?
i,- i,- i,- i,- i,- i,- i,- i,-
A. Domestic
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B. Sovereign
i,-
C. Alien
i,-
D. Foreign
i,- i,-i,- i,- A. Domestic
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A company is domestic when doing business within the state in
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which it is incorporated
i,- i,- i,-
, Which of the following factors is NOT considered by an
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
underwriter when determining the premium rates for an i,- i,- i,- i,- i,- i,- i,- i,-
individual seeking insurance? i,- i,-
A. Medical history
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B. Sex
i,-
C. Age
i,-
D. Race
i,- i,-i,- i,- D. Race i,-
Age, medical history, and sex provide sound statistical date for
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
determining the probability of loss. Race, religion, sexual i,- i,- i,- i,- i,- i,- i,- i,-
orientation, etc. Are the factors that cannot be used because
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
there is not sound statistical data to show that they effect the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
probability of loss; therefore, they are considered to be
i,- i,- i,- i,- i,- i,- i,- i,- i,-
discriminatory
In insurance transactions, fiduciary responsibility means
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A. Handling insurer funds in a trust capacity
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B. Maintaining good credit record
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C. Being liable with respect to payment of claims
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D. Commingling premiums with agents personal funds
i,- i,- i,- i,- i,- i,- i,-i,- i,- A. i,-
Handling insurer funds in a trust capacity
i,- i,- i,- i,- i,- i,-
2025/2026 Update) Actual Exam Test i,- i,- i,- i,- i,-
Bank| 200 Questions with Verified i,- i,- i,- i,- i,-
Answers | 100% Correct| Grade A. i,- i,- i,- i,- i,-
In insurance, an offer is usually made when
i,- i,- i,- i,- i,- i,- i,-
A. An applicant submits an application to the insurer
i,- i,- i,- i,- i,- i,- i,- i,-
B. The insurer approves the application and receives the initial
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
premium
C. The agent hands the policy to the policyholder
i,- i,- i,- i,- i,- i,- i,- i,-
D. An agent explains a policy to a potential applicant
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-i,- i,- A. An i,- i,-
applicant submits an application to the insurer
i,- i,- i,- i,- i,- i,-
A whole life policy in which the cash value builds faster than a 7-
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
pay whole life policy is a
i,- i,- i,- i,- i,- i,-
A. Modified endowment contract
i,- i,- i,-
B. Universal life contract
i,- i,- i,-
C. Immediate annuity contract
i,- i,- i,-
,D. Limited-pay contract
i,- i,- i,-i,- i,- A. Modified endowment contract
i,- i,- i,-
Death benefits paid to a beneficiary are
i,- i,- i,- i,- i,- i,-
A. Taxed as ordinary income
i,- i,- i,- i,-
B. Subject to inheritance tax
i,- i,- i,- i,-
C. Subject to federal income tax
i,- i,- i,- i,- i,-
D. Tax-free
i,- i,-i,- i,- D. Tax-free
i,-
In insurance, the offer is usually made by the applicant in the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
form of an application. Acceptance takes place when an insurer's
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
underwriter approves the application and issues a policy i,- i,- i,- i,- i,- i,- i,-
The causes of loss insured against in an insurance policy are
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
known as i,-
A. Perils
i,-
B. Losses
i,-
C. Risks
i,-
D. Hazards
i,- i,-i,- i,- A. Perils
i,-
Perils are the causes of loss insured against in an insurance policy
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
,What documentation grants express authority to an agent?
i,- i,- i,- i,- i,- i,- i,-
A. Agents contract with the principal
i,- i,- i,- i,- i,-
B. Agents insurance license
i,- i,- i,-
C. Fiduciary contract
i,- i,-
D. State provisions
i,- i,- i,-i,- i,- A. Agents contract with the principal
i,- i,- i,- i,- i,-
The principal grants authority to an agent through the agent's
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
contract
Which of the following best describes an insurance company that
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
has been formed under the laws of this state?
i,- i,- i,- i,- i,- i,- i,- i,-
A. Domestic
i,-
B. Sovereign
i,-
C. Alien
i,-
D. Foreign
i,- i,-i,- i,- A. Domestic
i,-
A company is domestic when doing business within the state in
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
which it is incorporated
i,- i,- i,-
, Which of the following factors is NOT considered by an
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
underwriter when determining the premium rates for an i,- i,- i,- i,- i,- i,- i,- i,-
individual seeking insurance? i,- i,-
A. Medical history
i,- i,-
B. Sex
i,-
C. Age
i,-
D. Race
i,- i,-i,- i,- D. Race i,-
Age, medical history, and sex provide sound statistical date for
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
determining the probability of loss. Race, religion, sexual i,- i,- i,- i,- i,- i,- i,- i,-
orientation, etc. Are the factors that cannot be used because
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
there is not sound statistical data to show that they effect the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
probability of loss; therefore, they are considered to be
i,- i,- i,- i,- i,- i,- i,- i,- i,-
discriminatory
In insurance transactions, fiduciary responsibility means
i,- i,- i,- i,- i,-
A. Handling insurer funds in a trust capacity
i,- i,- i,- i,- i,- i,- i,-
B. Maintaining good credit record
i,- i,- i,- i,-
C. Being liable with respect to payment of claims
i,- i,- i,- i,- i,- i,- i,- i,-
D. Commingling premiums with agents personal funds
i,- i,- i,- i,- i,- i,- i,-i,- i,- A. i,-
Handling insurer funds in a trust capacity
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