Page |1
Primerica-Life Insurance, All Multiple Choices Questions Latest 2026 |
2027 with Correct Answers UPDATED!!!
________ refers to the situations that can only result in a loss or
no change - ANSWER pure risk
#6. Your client wants both protection and savings from the
insurance, and is willing to pay premiums until retirement at
age 65. What would be the right policy for this client?a)Limited
pay whole life insurance
b)10-year endowment
c)Life annuity, period certain
d)Increasing term insurance - ANSWER #6. Your client wants
both protection and savings from the insurance, and is willing to
pay premiums until retirement at age 65. What would be the
right policy for this client?a)Limited pay whole life
insuranceb)10-year endowmentc)Life annuity, period
certaind)Increasing term insurance Premium payments will
cease at her age 65, but coverage will continue to her death or
age 100.
#39. An agent accepts the premium payment 35 days after it is
due, telling the insured that there will not be a problem keeping
, Page |2
the policy in force. This is an example of what type of agent
authority?
a)Express
b)Implied
c)Assumed
d)Apparent
An agent who accepts a premium after the end of the grace
period appears to the client to have the authority to prevent
the policy from lapsing. In fact, the agent has no such power. -
ANSWER #39. An agent accepts the premium payment 35 days
after it is due, telling the insured that there will not be a
problem keeping the policy in force. This is an example of what
type of agent authority?a)Express
b)Implied
c)Assumed
d)Apparent
An agent who accepts a premium after the end of the grace
period appears to the client to have the authority to prevent
the policy from lapsing. In fact, the agent has no such power.
, Page |3
#40. An agent is trying to convince a potential insured to buy a
policy from him, so he misrepresents the benefits of the policy.
This is an example of
a)Concealment
b)Indemnity
c)Fraud
d)Defamation
. - ANSWER c)Fraud
Fraud is the intentional misrepresentation used to induce
another party to make or refrain from making a contract, or to
deceive or cheat a party
#43. An insured misstates her age at the time the life insurance
application is taken. This misstatement may result in
a)Adjustment in the amount of death benefit.
b)No change whatsoever
c)Automatic lapse
d)Recession of the policy - ANSWER a)Adjustment in the
amount of death benefit.
, Page |4
If the applicant has misstated his or her age or gender on the
application, the insurer, in the event of a claim, is allowed under
this provision to adjust the benefits to an amount that the
premium at the correct age or gender would have otherwise
purchased.
1. A presentation of nonguaranteed elements of a policy -
ANSWER 15.The term "illustration" in a life insurance policy
refers to (Choose from the following options)
1. A presentation of nonguaranteed elements of a policy
2. A depiction of policy benefits and guarantees
3. Pictures accompanying a policy
4. Charts and graphs.
1. An index like Standard & Poor's 500 - ANSWER 30.The equity
in an equity index annuity is linked to (Choose from the
following options)
1. An index like Standard & Poor's 500
2. The returns from the insurance company's separate account
3. The annuitant's individual stock portfolio
4. The insurance company's general account investments.
Primerica-Life Insurance, All Multiple Choices Questions Latest 2026 |
2027 with Correct Answers UPDATED!!!
________ refers to the situations that can only result in a loss or
no change - ANSWER pure risk
#6. Your client wants both protection and savings from the
insurance, and is willing to pay premiums until retirement at
age 65. What would be the right policy for this client?a)Limited
pay whole life insurance
b)10-year endowment
c)Life annuity, period certain
d)Increasing term insurance - ANSWER #6. Your client wants
both protection and savings from the insurance, and is willing to
pay premiums until retirement at age 65. What would be the
right policy for this client?a)Limited pay whole life
insuranceb)10-year endowmentc)Life annuity, period
certaind)Increasing term insurance Premium payments will
cease at her age 65, but coverage will continue to her death or
age 100.
#39. An agent accepts the premium payment 35 days after it is
due, telling the insured that there will not be a problem keeping
, Page |2
the policy in force. This is an example of what type of agent
authority?
a)Express
b)Implied
c)Assumed
d)Apparent
An agent who accepts a premium after the end of the grace
period appears to the client to have the authority to prevent
the policy from lapsing. In fact, the agent has no such power. -
ANSWER #39. An agent accepts the premium payment 35 days
after it is due, telling the insured that there will not be a
problem keeping the policy in force. This is an example of what
type of agent authority?a)Express
b)Implied
c)Assumed
d)Apparent
An agent who accepts a premium after the end of the grace
period appears to the client to have the authority to prevent
the policy from lapsing. In fact, the agent has no such power.
, Page |3
#40. An agent is trying to convince a potential insured to buy a
policy from him, so he misrepresents the benefits of the policy.
This is an example of
a)Concealment
b)Indemnity
c)Fraud
d)Defamation
. - ANSWER c)Fraud
Fraud is the intentional misrepresentation used to induce
another party to make or refrain from making a contract, or to
deceive or cheat a party
#43. An insured misstates her age at the time the life insurance
application is taken. This misstatement may result in
a)Adjustment in the amount of death benefit.
b)No change whatsoever
c)Automatic lapse
d)Recession of the policy - ANSWER a)Adjustment in the
amount of death benefit.
, Page |4
If the applicant has misstated his or her age or gender on the
application, the insurer, in the event of a claim, is allowed under
this provision to adjust the benefits to an amount that the
premium at the correct age or gender would have otherwise
purchased.
1. A presentation of nonguaranteed elements of a policy -
ANSWER 15.The term "illustration" in a life insurance policy
refers to (Choose from the following options)
1. A presentation of nonguaranteed elements of a policy
2. A depiction of policy benefits and guarantees
3. Pictures accompanying a policy
4. Charts and graphs.
1. An index like Standard & Poor's 500 - ANSWER 30.The equity
in an equity index annuity is linked to (Choose from the
following options)
1. An index like Standard & Poor's 500
2. The returns from the insurance company's separate account
3. The annuitant's individual stock portfolio
4. The insurance company's general account investments.
