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Primerica Life Insurance State Exam RI Revised Questions and Answers / 2024

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Which risk classification is representative of the majority of people in a certain age group and with similar lifestyles? 1)Declined 2)Preferred 3)Standard 4)Substandard - Standard A life insurance policy qualifies as a Modified Endowment Contract (MEC) if the amount of premium paid exceeds the amount that would have provided paid-up insurance in how many years? 1)3 yrs 2)5 yrs 3)7 yrs 4)The life of the policy - 7 Years An annuity would normally be purchased by an individual who wants to 1)Provide a death benefit to the insuring party 2)Earn a higher rate of interest 3)Create an estate 4)Provide income for retirement - Provide income for retirement

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Uploaded on
March 6, 2024
Number of pages
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Written in
2023/2024
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  • primerica life insurance state exam ri revised que
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