Primerica Life Insurance State Exam 2026
Question and Answer | Curated Tested
Questions | Updated Answer Guide
• Partners in a business want to make sure that if -✓✓Buy-Sell Agreement
• Ten years ago an insured purchased a life insurance policy designed to pay his
family $500 -✓✓Family income policy
• An agent delivers a policy to an applicant who pays the initial premium but
refuses to submit -✓✓Consideration
• Life settlement contracts are out into effect by which of the following -✓✓An
absolute assignment
• A married couple wants to include the entire family in their whole life policy
under one rider. Which of -✓✓Family term
• Among people in the same class and life expectancy, which of the following
factors can be used to influence premium rates? -✓✓Occupation
• Which of the following NOT be eligible for coverage under key person -✓✓The
owner of the shop
• An aleatory contract is based on what kind of exchange -✓✓Unequal exchanges
of values
,• Under what circumstances will the contingent beneficiary receive the death
benefit -✓✓If the primary beneficiary dies before the insured
• Which of the following is NOT a component of an insurance policy premium -
✓✓Number of beneficiaries
• A warranty may relate to which of the following -✓✓The past the present and the
future will
• A college student will graduate next year. His studies have limited his ability to
work, so he has borrowed funds to pay for his education -✓✓Modified whole life
• A person has a history of DUIs. To his insurer, this presents what type of hazard -
✓✓Morale
• Which of the following is not a type of hazard -✓✓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 -
✓✓Representation
• Which of the following would be considered peril -✓✓Fire
• Which of the following is NOT a standard exclusion in life insurance policies -
✓✓Disability
, • Joe, age 63, was disabled and can no longer work. He meets the Social Security
definition of total disability. How many work credits -✓✓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? -
✓✓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? -✓✓Paid up additions
• When life insurance proceeds are used to pay inheritance taxes and federal estate
taxes, it is known as -✓✓Estate conservation
• The entire contract includes all of the following EXCEPT -✓✓A buyers guide
• Concerning the Family Protection Policy, all of the following statements are true
EXCEPT -✓✓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 -✓✓Grace period
• the purpose of the Fair Credit Reporting Act is to -✓✓Protect consumers against
the circulation of inaccurate or obsolete personal or financial information
Question and Answer | Curated Tested
Questions | Updated Answer Guide
• Partners in a business want to make sure that if -✓✓Buy-Sell Agreement
• Ten years ago an insured purchased a life insurance policy designed to pay his
family $500 -✓✓Family income policy
• An agent delivers a policy to an applicant who pays the initial premium but
refuses to submit -✓✓Consideration
• Life settlement contracts are out into effect by which of the following -✓✓An
absolute assignment
• A married couple wants to include the entire family in their whole life policy
under one rider. Which of -✓✓Family term
• Among people in the same class and life expectancy, which of the following
factors can be used to influence premium rates? -✓✓Occupation
• Which of the following NOT be eligible for coverage under key person -✓✓The
owner of the shop
• An aleatory contract is based on what kind of exchange -✓✓Unequal exchanges
of values
,• Under what circumstances will the contingent beneficiary receive the death
benefit -✓✓If the primary beneficiary dies before the insured
• Which of the following is NOT a component of an insurance policy premium -
✓✓Number of beneficiaries
• A warranty may relate to which of the following -✓✓The past the present and the
future will
• A college student will graduate next year. His studies have limited his ability to
work, so he has borrowed funds to pay for his education -✓✓Modified whole life
• A person has a history of DUIs. To his insurer, this presents what type of hazard -
✓✓Morale
• Which of the following is not a type of hazard -✓✓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 -
✓✓Representation
• Which of the following would be considered peril -✓✓Fire
• Which of the following is NOT a standard exclusion in life insurance policies -
✓✓Disability
, • Joe, age 63, was disabled and can no longer work. He meets the Social Security
definition of total disability. How many work credits -✓✓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? -
✓✓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? -✓✓Paid up additions
• When life insurance proceeds are used to pay inheritance taxes and federal estate
taxes, it is known as -✓✓Estate conservation
• The entire contract includes all of the following EXCEPT -✓✓A buyers guide
• Concerning the Family Protection Policy, all of the following statements are true
EXCEPT -✓✓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 -✓✓Grace period
• the purpose of the Fair Credit Reporting Act is to -✓✓Protect consumers against
the circulation of inaccurate or obsolete personal or financial information
