PRIMERICA LIFE INSURANCE COMPREHENSIVE EXAMS
2025/2026 QUESTIONS WITH ANSWERS RATED A+
✔✔Which of the following best describes life annuity with period certain option - ✔✔It
guarantees benefit payments for life of the annuitant for a specified period for the
beneficiary
✔✔Slippery floors, reckless driving, or providing false information are examples of.. -
✔✔hazards
✔✔Which of the following statements is INCORRECT concerning Modified Endowment
Contracts (MECs) - ✔✔An MEC must always pass the 7-pay test
✔✔Your client wants to provide a retirement income for his elderly parents in case
something happens to him. He wants to make sure that both beneficiaries are
guaranteed an income for life. - ✔✔Joint and Survivor
✔✔Which of the following is the primary source of information that an insurer uses to
evaluate an insureds risk for life insurance - ✔✔Insurance application
✔✔A life insurance policy that provides coverage to every family member in a single
policy, with permanent insurance on the breadwinner and convertible term on other
family members is called - ✔✔A family policy
✔✔Individual members covered by group life insurance receive - ✔✔A certificate of
insurance
✔✔Considering the California Insurance Code's definition of an insurable event, which
of the following statements is true? - ✔✔The more predictable a loss the more insurable
it is
✔✔Which of the following will NOT be included in the buyers guide? - ✔✔Specific
information about the policy
✔✔Which of the following is NOT an indicator of a competent party? - ✔✔Business
profession
✔✔Per the California Insurance Code, the best definitions of "shall" and "may" are -
✔✔Mandatory and permissive
✔✔In a deferred annuity, the difference between the accumulation value and the
surrender value is the - ✔✔Surrender charge
, ✔✔Which of the following would be TRUE of both the fixed-period and fixed amount
settlement options? - ✔✔Both guarantee that the principal interest will be fully paid out
✔✔The owner of a whole life policy with an accidental death rider intentionally kills
himself after having the policy for 18 months. What is the insurance company's course
of action? - ✔✔Deny any payments
✔✔The reduction of premium option uses the dividend to reduce - ✔✔Next year's
premium
✔✔In a non contributory group policy - ✔✔100% of eligible employees must participate
✔✔A representation in an insurance contract qualifies as a - ✔✔Implied warranty
✔✔Which of the following is NOT true of the agents implied authority - ✔✔It is
specifically stated in the contract
✔✔When a whole life policy is surrendered for it's non forfeiture value, what is the
automatic option - ✔✔Extended term
✔✔Which provision may be added to a permanent life policy, at no cost, that insures
that the policy will not lapse so long as there is cash value - ✔✔Automatic Premium
Loan Option
✔✔In a replacement situation all of the following are prohibited practices EXCEPT -
✔✔Borrowing 50% of a policy's cash value to fund a new life insurance contract
✔✔Variable insurance and variable annuities are regulated by - ✔✔SEC, FINRA and
Departments of Insurance is
✔✔If the annuitant dies before the annuity start date, which of the following are true -
✔✔The interest is taxable
✔✔All other factors being equal, which of the following premium modes would result in
the lowest overall premium - ✔✔Annual
✔✔Which statements best describe agreement as it relates to insurance contracts -
✔✔One party accepts the exact terms of the other party's offer
✔✔A loss recruiting from which of the following would qualify for the accidental death
rider coverage? - ✔✔An automobile accident
2025/2026 QUESTIONS WITH ANSWERS RATED A+
✔✔Which of the following best describes life annuity with period certain option - ✔✔It
guarantees benefit payments for life of the annuitant for a specified period for the
beneficiary
✔✔Slippery floors, reckless driving, or providing false information are examples of.. -
✔✔hazards
✔✔Which of the following statements is INCORRECT concerning Modified Endowment
Contracts (MECs) - ✔✔An MEC must always pass the 7-pay test
✔✔Your client wants to provide a retirement income for his elderly parents in case
something happens to him. He wants to make sure that both beneficiaries are
guaranteed an income for life. - ✔✔Joint and Survivor
✔✔Which of the following is the primary source of information that an insurer uses to
evaluate an insureds risk for life insurance - ✔✔Insurance application
✔✔A life insurance policy that provides coverage to every family member in a single
policy, with permanent insurance on the breadwinner and convertible term on other
family members is called - ✔✔A family policy
✔✔Individual members covered by group life insurance receive - ✔✔A certificate of
insurance
✔✔Considering the California Insurance Code's definition of an insurable event, which
of the following statements is true? - ✔✔The more predictable a loss the more insurable
it is
✔✔Which of the following will NOT be included in the buyers guide? - ✔✔Specific
information about the policy
✔✔Which of the following is NOT an indicator of a competent party? - ✔✔Business
profession
✔✔Per the California Insurance Code, the best definitions of "shall" and "may" are -
✔✔Mandatory and permissive
✔✔In a deferred annuity, the difference between the accumulation value and the
surrender value is the - ✔✔Surrender charge
, ✔✔Which of the following would be TRUE of both the fixed-period and fixed amount
settlement options? - ✔✔Both guarantee that the principal interest will be fully paid out
✔✔The owner of a whole life policy with an accidental death rider intentionally kills
himself after having the policy for 18 months. What is the insurance company's course
of action? - ✔✔Deny any payments
✔✔The reduction of premium option uses the dividend to reduce - ✔✔Next year's
premium
✔✔In a non contributory group policy - ✔✔100% of eligible employees must participate
✔✔A representation in an insurance contract qualifies as a - ✔✔Implied warranty
✔✔Which of the following is NOT true of the agents implied authority - ✔✔It is
specifically stated in the contract
✔✔When a whole life policy is surrendered for it's non forfeiture value, what is the
automatic option - ✔✔Extended term
✔✔Which provision may be added to a permanent life policy, at no cost, that insures
that the policy will not lapse so long as there is cash value - ✔✔Automatic Premium
Loan Option
✔✔In a replacement situation all of the following are prohibited practices EXCEPT -
✔✔Borrowing 50% of a policy's cash value to fund a new life insurance contract
✔✔Variable insurance and variable annuities are regulated by - ✔✔SEC, FINRA and
Departments of Insurance is
✔✔If the annuitant dies before the annuity start date, which of the following are true -
✔✔The interest is taxable
✔✔All other factors being equal, which of the following premium modes would result in
the lowest overall premium - ✔✔Annual
✔✔Which statements best describe agreement as it relates to insurance contracts -
✔✔One party accepts the exact terms of the other party's offer
✔✔A loss recruiting from which of the following would qualify for the accidental death
rider coverage? - ✔✔An automobile accident
