Primerica Practice Test With all answers correct

Primerica Practice Test With all answers correct The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called An annuity is considered fixed when it does all of the following EXCEPT The most common type of whole life insurance where premiums are payable over the whole life of the insured to age 100 is called The policy and a copy of the application, along with any riders and amendments, is called the Money borrowed from the policy's cash value is Which of the following annuity products requires an agent to hold a securities license? Which type of annuity settlement stops when the annuitant dies? At what age can a participant receive distributions from a qualified plan without incurring a 10% penalty? Which settlement option guarantees an income for 2 or more recipients for as long as they live Two business partners own life insurance on each other. If one partner dies, which of the following contracts will allow the surviving partner to use the death benefit to purchase the deceased's business interests? Which of the following would be considered a flexible premium policy? If an annuitant dies during the accumulation period, what will the beneficiary receive? Any insurer who is NOT approved to do business in this state is considered To prevent people from profiting from a loss, insurers must be certain If a misstatement of age is discovered during the processing of a life insurance claim, what will the insurer do? Which of the following allows an insurance company to deny coverage if the insured's death occurs in a war? Each of the following is a typical characteristic of group life insurance EXCEPT A life settlement opinion that pays out the death benefit incrementally, in a specified amount until all of the proceeds are exhausted, is called A life insurance death benefit paid in a lump sum to a beneficiary is Which of the follow is NOT a nonforfeiture option in whole life policies? Which of the following indicates the person upon whose life the annuity income amount is determined? An annuity that is purchased with a lump-sum payment, and that begins income payments within one year is a Which statement is INCORRECT concerning policy dividends? What is the risk classification for those who are insurable, but have a higher than average risk? Which of the following features of the Equity Indexed Whole Life policy is NOT fixed? An insurance agent represents the The transfer of a possible financial loss to another party refers to