PRIMERICA LIFE INSURANCE EXAM SCRIPT
2026 COMPLETE QUESTIONS AND
CORRECT ANSWERS
⫸ What is the definition of a unilateral contract? Answer: One-sided:
only one party makes an enforceable promise
⫸ The main difference between immediate and deferred annuities is
Answer: When the income payments begin
⫸ A policy owner who is also the insured wants to name her husband as
the beneficiary of her life policy. She also wishes to retain all of the
rights of ownership. The policy owner should have her husband named
as the. Answer: Revocable beneficiary
⫸ What is the number of credits required for fully insured status for
Social Security disability benefits Answer: 40
⫸ An insured has a life insurance policy that requires him to only pay
premiums for a specified number of years until the policy is paid up.
What kind of policy is it? Answer: Limited Pay Life
⫸ Which policy component decreases in decreasing term insurance?
Answer: Face amount
, ⫸ All of the following statements concerning an employer, sponsored
non-qualified retirement plan are true except Answer: The employer can
receive a current tax deduction for any contributions made to the plan
⫸ Insurance is the transfer of Answer: risk
⫸ Which of the following is called a second to die policy Answer:
survivorship life
⫸ Which of the following components must the life insurance policy
have to allow policy loans? Answer: cash value
⫸ A 403b plan, commonly referred to as TSA, is available to be used by
Answer: Teachers and not for profit organizations
⫸ The insured had his wife named as the beneficiary of his life policy.
To ensure that his wife had income for life after the insureds death, he
chose the life income settlement option. The amount of payments will be
determined by taking into account all of the following, except. Answer:
Age at death
⫸ Which of the following is true of a qualified plan Answer: It has a tax
benefit for both employer and employee.
2026 COMPLETE QUESTIONS AND
CORRECT ANSWERS
⫸ What is the definition of a unilateral contract? Answer: One-sided:
only one party makes an enforceable promise
⫸ The main difference between immediate and deferred annuities is
Answer: When the income payments begin
⫸ A policy owner who is also the insured wants to name her husband as
the beneficiary of her life policy. She also wishes to retain all of the
rights of ownership. The policy owner should have her husband named
as the. Answer: Revocable beneficiary
⫸ What is the number of credits required for fully insured status for
Social Security disability benefits Answer: 40
⫸ An insured has a life insurance policy that requires him to only pay
premiums for a specified number of years until the policy is paid up.
What kind of policy is it? Answer: Limited Pay Life
⫸ Which policy component decreases in decreasing term insurance?
Answer: Face amount
, ⫸ All of the following statements concerning an employer, sponsored
non-qualified retirement plan are true except Answer: The employer can
receive a current tax deduction for any contributions made to the plan
⫸ Insurance is the transfer of Answer: risk
⫸ Which of the following is called a second to die policy Answer:
survivorship life
⫸ Which of the following components must the life insurance policy
have to allow policy loans? Answer: cash value
⫸ A 403b plan, commonly referred to as TSA, is available to be used by
Answer: Teachers and not for profit organizations
⫸ The insured had his wife named as the beneficiary of his life policy.
To ensure that his wife had income for life after the insureds death, he
chose the life income settlement option. The amount of payments will be
determined by taking into account all of the following, except. Answer:
Age at death
⫸ Which of the following is true of a qualified plan Answer: It has a tax
benefit for both employer and employee.
