Primerica Texas Life Agent Exam WITH 100% CORRECT ANSWERS 2024

1. Buyer's Guide ANS Which of the following is a generic consumer publication that explains life insurance in general terms in order to assist the applicant in the decision making process? 2. Respond to the consumers complaint. ANS Under the fair credit reporting act, if the consumer to challenges the accuracy of the information contained in his or her report the reporting an agency must? 3. What is the definition of a unilateral contract? ANS One-sided ANS only one party makes an enforceable promise 4. Beneficiary's consent. ANS An insurance contract must contain all of the following to be considered legally binding except... 5. As of the application date. ANS The full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. When does the policy to cover it's become affective? 6. The date of the medical exam. ANS An individual apply for an insurance policy and pay the initial premium. The insurer issued a conditional receipt. Five days later the applicant had to submit to a medical exam. If the policy is issued, what would be the policies effective date? 7. The beneficiary receive the full death benefit if it is determined that the applicant qualified for the policy. ANS An applicant signs an application for $25,000 life insurance policy, pays initial premium, and received a conditional receipt. If the applicant dies the following day which of the following is true? 8. Issue the policy anyway and pay the face value to the beneficiary. ANS When Y applied for insurance and paid the initial premium on August 14, he was issued a conditional receipt. During the underwriting process, the insurance company found no reason to reject the risk or classify it other than a standard. Y was killed in an automobile accident on August 22, before the policy was issued. In this case the insurance company will... 9. The insurer ANS If an insurance requires a medical examination of an advocate in connection with the application for life insurance, who is responsible for paying the cost of the examination?