Primerica Life Insurance State Exam 2026
Question and Answer | Complete Exam Prep
Using Previously Tested Content
• What is the definition of a unilateral contract? -✓✓One-sided: only one party
makes an enforceable promise
• The main difference between immediate and deferred annuities is -✓✓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. -
✓✓Revocable beneficiary
• What is the number of credits required for fully insured status for Social Security
disability benefits -✓✓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? -
✓✓Limited Pay Life
• Which policy component decreases in decreasing term insurance? -✓✓Face
amount
• All of the following statements concerning an employer, sponsored non-qualified
retirement plan are true except -✓✓The employer can receive a current tax
deduction for any contributions made to the plan
, • Insurance is the transfer of -✓✓risk
• Which of the following is called a second to die policy -✓✓survivorship life
• Which of the following components must the life insurance policy have to allow
policy loans? -✓✓cash value
• A 403b plan, commonly referred to as TSA, is available to be used by -
✓✓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. -✓✓Age at death
• Which of the following is true of a qualified plan -✓✓It has a tax benefit for both
employer and employee.
• A producer must do all of the following when delivering a new policy to the
insured except -✓✓Disclose commissions earned from the sale of the policy.
• Under which non-forfeiture option does the company pay the surrender value and
have no further obligations to the policy owner? -✓✓Cash surrender
• The president of a company is starting an annuity and decides that his corporation
will be the annuitant. Which of the following statements is true? -✓✓The annuitant
must be a natural person.
Question and Answer | Complete Exam Prep
Using Previously Tested Content
• What is the definition of a unilateral contract? -✓✓One-sided: only one party
makes an enforceable promise
• The main difference between immediate and deferred annuities is -✓✓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. -
✓✓Revocable beneficiary
• What is the number of credits required for fully insured status for Social Security
disability benefits -✓✓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? -
✓✓Limited Pay Life
• Which policy component decreases in decreasing term insurance? -✓✓Face
amount
• All of the following statements concerning an employer, sponsored non-qualified
retirement plan are true except -✓✓The employer can receive a current tax
deduction for any contributions made to the plan
, • Insurance is the transfer of -✓✓risk
• Which of the following is called a second to die policy -✓✓survivorship life
• Which of the following components must the life insurance policy have to allow
policy loans? -✓✓cash value
• A 403b plan, commonly referred to as TSA, is available to be used by -
✓✓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. -✓✓Age at death
• Which of the following is true of a qualified plan -✓✓It has a tax benefit for both
employer and employee.
• A producer must do all of the following when delivering a new policy to the
insured except -✓✓Disclose commissions earned from the sale of the policy.
• Under which non-forfeiture option does the company pay the surrender value and
have no further obligations to the policy owner? -✓✓Cash surrender
• The president of a company is starting an annuity and decides that his corporation
will be the annuitant. Which of the following statements is true? -✓✓The annuitant
must be a natural person.
