PRIMERICA LIFE INSURANCE ACTUAL
CERTIFICATION PAPER 2026
QUESTIONS WITH ANSWERS FULL
SOLUTION.
⫸ A person has a history of DUIs. To his insurer, this presents what
type of hazard. Answer: Morale
⫸ Which of the following is not a type of hazard. Answer: Exposure
⫸ An applicant for a disability insurance policy has a heart condition
of which they are unaware and therefore they answer no to the
question pertaining to heart problems on their application. Their
answer is considered to be a. Answer: Representation
⫸ Which of the following would be considered peril. Answer: Fire
⫸ Which of the following is NOT a standard exclusion in life
insurance policies. Answer: Disability
⫸ Joe, age 63, was disabled and can no longer work. He meets the
Social Security definition of total disability. How many work credits.
Answer: 40
,⫸ To purchase insurance, The policy owner must face the possibility
of losing money or something of value in the event of loss. What is
this concept called?. Answer: Insurable interest
⫸ When the owner of a participating whole life policy uses the
dividend to provide more life insurance coverage, which of the
following dividend options is being used?. Answer: Paid up additions
⫸ When life insurance proceeds are used to pay inheritance taxes and
federal estate taxes, it is known as. Answer: Estate conservation
⫸ The entire contract includes all of the following EXCEPT.
Answer: A buyers guide
⫸ Concerning the Family Protection Policy, all of the following
statements are true EXCEPT. Answer: Children, upon reaching the
age of majority, are permitted to convert to an individual policy with
proof of insurability
⫸ An insured bought an insurance policy that requires him to pay
$150 in premiums on the 15th of each month. He then takes an
extended vacation and forgets to pay the premium. Answer: Grace
period
⫸ the purpose of the Fair Credit Reporting Act is to. Answer: Protect
consumers against the circulation of inaccurate or obsolete personal or
financial information
, ⫸ A life insurance policy qualifies a Modified Endowment Contract
(MEC) if the amount of premium paid exceeds the amount that would
have provided paid up insurance in how many years. Answer: 7 years
⫸ Which of the following will be eligible for a tax sheltered annuity.
Answer: Public school teachers
⫸ Which of the following best describes life annuity with period
certain option. Answer: 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... Answer: hazards
⫸ Which of the following statements is INCORRECT concerning
Modified Endowment Contracts (MECs). Answer: 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.. Answer: 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. Answer:
Insurance application
⫸ A life insurance policy that provides coverage to every family
member in a single policy, with permanent insurance on the
CERTIFICATION PAPER 2026
QUESTIONS WITH ANSWERS FULL
SOLUTION.
⫸ A person has a history of DUIs. To his insurer, this presents what
type of hazard. Answer: Morale
⫸ Which of the following is not a type of hazard. Answer: Exposure
⫸ An applicant for a disability insurance policy has a heart condition
of which they are unaware and therefore they answer no to the
question pertaining to heart problems on their application. Their
answer is considered to be a. Answer: Representation
⫸ Which of the following would be considered peril. Answer: Fire
⫸ Which of the following is NOT a standard exclusion in life
insurance policies. Answer: Disability
⫸ Joe, age 63, was disabled and can no longer work. He meets the
Social Security definition of total disability. How many work credits.
Answer: 40
,⫸ To purchase insurance, The policy owner must face the possibility
of losing money or something of value in the event of loss. What is
this concept called?. Answer: Insurable interest
⫸ When the owner of a participating whole life policy uses the
dividend to provide more life insurance coverage, which of the
following dividend options is being used?. Answer: Paid up additions
⫸ When life insurance proceeds are used to pay inheritance taxes and
federal estate taxes, it is known as. Answer: Estate conservation
⫸ The entire contract includes all of the following EXCEPT.
Answer: A buyers guide
⫸ Concerning the Family Protection Policy, all of the following
statements are true EXCEPT. Answer: Children, upon reaching the
age of majority, are permitted to convert to an individual policy with
proof of insurability
⫸ An insured bought an insurance policy that requires him to pay
$150 in premiums on the 15th of each month. He then takes an
extended vacation and forgets to pay the premium. Answer: Grace
period
⫸ the purpose of the Fair Credit Reporting Act is to. Answer: Protect
consumers against the circulation of inaccurate or obsolete personal or
financial information
, ⫸ A life insurance policy qualifies a Modified Endowment Contract
(MEC) if the amount of premium paid exceeds the amount that would
have provided paid up insurance in how many years. Answer: 7 years
⫸ Which of the following will be eligible for a tax sheltered annuity.
Answer: Public school teachers
⫸ Which of the following best describes life annuity with period
certain option. Answer: 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... Answer: hazards
⫸ Which of the following statements is INCORRECT concerning
Modified Endowment Contracts (MECs). Answer: 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.. Answer: 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. Answer:
Insurance application
⫸ A life insurance policy that provides coverage to every family
member in a single policy, with permanent insurance on the
