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Exam (elaborations)

primerica exam 6 QUESTIONS WITH COMPLETE SOLUTIONS

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A person who does not lock the doors or does not repair leaks shows an indifferent attitude. This person presents what type of hazard? correct answer: Morale All of the following are beneficiary designations EXCEPT correct answer: Specified. An insurer's liability shall be limited to correct answer: The face amount of an individual insurance policy, subject to any exclusions and riders as applicable, minus any outstanding policy loans and interest payments due the insurer. As part of the continuing education requirement, what is the minimum number of hours of continuing education specific to long-term care insurance to be completed prior to each license renewal? correct answer: 8 Which of the following policies would be classified as a traditional level premium contract? correct answer: Straight Life An individual has just borrowed $10,000 from his bank on a 5-year installment loan requiring monthly payments. What type of life insurance policy would be best suited to this situation? correct answer: Decreasing term Your client wants to buy a par polic

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April 8, 2023
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