11/18/24, 1:46 PM PRIMERICA LIFE INSURANCE EXAM 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED VERIFIED ANSWE…
PRIMERICA LIFE INSURANCE EXAM 2024
ACTUAL EXAM COMPLETE 300 QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) / ALREADY GRADED A+
Practice questions for this set
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Studied 7 terms
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Terms in this set (194)
https://quizlet.com/972895840/primerica-life-insurance-exam-2024-actual-exam-complete-300-questions-with-detailed-verified-answers-100-correct-a… 1/47
,11/18/24, 1:46 PM PRIMERICA LIFE INSURANCE EXAM 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED VERIFIED ANSWE…
An insured purchased an A. mutual
insurance policy 5 years
ago. Last year, she funds not paid out after paying claims and other
received a dividend check operating costs are returned to the policy owners in
from the insurance the form of a dividend. if all funds are paid out, no
company that was not dividends are paid
taxable. This year, she did
not receive a check from
the insurer. From what
type of insurer did the
insured purchase the
policy?
a. mutual
b. reciprocal
c. nonprofit service
organization
d. stock
https://quizlet.com/972895840/primerica-life-insurance-exam-2024-actual-exam-complete-300-questions-with-detailed-verified-answers-100-correct-a… 2/47
,11/18/24, 1:46 PM PRIMERICA LIFE INSURANCE EXAM 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED VERIFIED ANSWE…
Following a career B. reduction
change, an insured is no
longer required to the insured's change in lifestyle and habits would
perform many physical likely reduce the chances of health problems
activities, so he has
implemented a program
where he walks and jogs
for 45 minutes each
morning. The insured has
also eliminated most fatty
foods from his diet. Which
method of dealing with
risk does this scenario
describe?
a. retention
b. reduction
c. transfer
d. avoidance
In insurance, an offer is A. an applicant submits an application to the insurer
usually made when
in insurance, the offer is usually made by the applicant
a. an applicant submits an in the form of an application. acceptance takes place
application to the insurer when an insurer's underwriter approves the
b. the insurer approves the application and issues a policy
application and receives
the initial premium
c. the agent hands the
policy to the policyholder
d. an agent explains a
policy to a potential
applicant
https://quizlet.com/972895840/primerica-life-insurance-exam-2024-actual-exam-complete-300-questions-with-detailed-verified-answers-100-correct-a… 3/47
, 11/18/24, 1:46 PM PRIMERICA LIFE INSURANCE EXAM 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED VERIFIED ANSWE…
the causes of loss insured A. perils
against in an insurance
policy are known as perils are the causes of loss insured against in an
insurance policy
a. perils
b. losses
c. risks
d. hazards
what documentation A. agents contract with the principal
grants express authority to
an agent? the principal grants authority to an agent through the
agent's contract
a. agents contract with the
principal
b. agents insurance
license
c. fiduciary contract
d. state provisions
which of the following A. domestic
best describes an
insurance company that a company is domestic when doing business within
has been formed under the state in which it is incorporated
the laws of this state?
a. domestic
b. sovereign
c. alien
d. foreign
https://quizlet.com/972895840/primerica-life-insurance-exam-2024-actual-exam-complete-300-questions-with-detailed-verified-answers-100-correct-a… 4/47
PRIMERICA LIFE INSURANCE EXAM 2024
ACTUAL EXAM COMPLETE 300 QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) / ALREADY GRADED A+
Practice questions for this set
Learn
Studied 7 terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (194)
https://quizlet.com/972895840/primerica-life-insurance-exam-2024-actual-exam-complete-300-questions-with-detailed-verified-answers-100-correct-a… 1/47
,11/18/24, 1:46 PM PRIMERICA LIFE INSURANCE EXAM 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED VERIFIED ANSWE…
An insured purchased an A. mutual
insurance policy 5 years
ago. Last year, she funds not paid out after paying claims and other
received a dividend check operating costs are returned to the policy owners in
from the insurance the form of a dividend. if all funds are paid out, no
company that was not dividends are paid
taxable. This year, she did
not receive a check from
the insurer. From what
type of insurer did the
insured purchase the
policy?
a. mutual
b. reciprocal
c. nonprofit service
organization
d. stock
https://quizlet.com/972895840/primerica-life-insurance-exam-2024-actual-exam-complete-300-questions-with-detailed-verified-answers-100-correct-a… 2/47
,11/18/24, 1:46 PM PRIMERICA LIFE INSURANCE EXAM 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED VERIFIED ANSWE…
Following a career B. reduction
change, an insured is no
longer required to the insured's change in lifestyle and habits would
perform many physical likely reduce the chances of health problems
activities, so he has
implemented a program
where he walks and jogs
for 45 minutes each
morning. The insured has
also eliminated most fatty
foods from his diet. Which
method of dealing with
risk does this scenario
describe?
a. retention
b. reduction
c. transfer
d. avoidance
In insurance, an offer is A. an applicant submits an application to the insurer
usually made when
in insurance, the offer is usually made by the applicant
a. an applicant submits an in the form of an application. acceptance takes place
application to the insurer when an insurer's underwriter approves the
b. the insurer approves the application and issues a policy
application and receives
the initial premium
c. the agent hands the
policy to the policyholder
d. an agent explains a
policy to a potential
applicant
https://quizlet.com/972895840/primerica-life-insurance-exam-2024-actual-exam-complete-300-questions-with-detailed-verified-answers-100-correct-a… 3/47
, 11/18/24, 1:46 PM PRIMERICA LIFE INSURANCE EXAM 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED VERIFIED ANSWE…
the causes of loss insured A. perils
against in an insurance
policy are known as perils are the causes of loss insured against in an
insurance policy
a. perils
b. losses
c. risks
d. hazards
what documentation A. agents contract with the principal
grants express authority to
an agent? the principal grants authority to an agent through the
agent's contract
a. agents contract with the
principal
b. agents insurance
license
c. fiduciary contract
d. state provisions
which of the following A. domestic
best describes an
insurance company that a company is domestic when doing business within
has been formed under the state in which it is incorporated
the laws of this state?
a. domestic
b. sovereign
c. alien
d. foreign
https://quizlet.com/972895840/primerica-life-insurance-exam-2024-actual-exam-complete-300-questions-with-detailed-verified-answers-100-correct-a… 4/47
