Primerica Life Insurance Test
An example of an alien insurer doing business in this state is one formed under
the laws of - ANSWER Mexico
Partners in a business want to make sure that if - ANSWER
Buy-Sell Agreement
Ten years ago an insured purchased a life insurance policy designed to pay his
family $500 - ANSWER Family income policy
An agent delivers a policy to an applicant who pays the initial premium but refuses
to submit - ANSWER Consideration
,Life settlement contracts are out into effect by which of the following -
ANSWER An absolute assignment
A married couple wants to include the entire family in their whole life policy under
one rider. Which of - ANSWER Family term
Among people in the same class and life expectancy, which of the following
factors can be used to influence premium rates? - ANSWER
Occupation
Which of the following NOT be eligible for coverage under key person -
ANSWER The owner of the shop
An aleatory contract is based on what kind of exchange - ANSWER
Unequal exchanges of values
,Under what circumstances will the contingent beneficiary receive the death
benefit - ANSWER If the primary beneficiary dies before the
insured
Which of the following is NOT a component of an insurance policy premium -
ANSWER Number of beneficiaries
A warranty may relate to which of the following - ANSWER The
past the present and the future will
A college student will graduate next year. His studies have limited his ability to
work, so he has borrowed funds to pay for his education - ANSWER
Modified whole life
A person has a history of DUIs. To his insurer, this presents what type of hazard -
ANSWER Morale
, Which of the following is not a type of hazard - ANSWER
Exposure
An applicant for a disability insurance policy has a heart condition of which they
are unaware and therefore they ANSWERno to the question pertaining to heart
problems on their application. Their ANSWERis considered to be a - ANSWER
Representation
Which of the following would be considered peril - ANSWER
Fire
Which of the following is NOT a standard exclusion in life insurance policies -
ANSWER Disability
Joe, age 63, was disabled and can no longer work. He meets the Social Security
definition of total disability. How many work credits - ANSWER
40
An example of an alien insurer doing business in this state is one formed under
the laws of - ANSWER Mexico
Partners in a business want to make sure that if - ANSWER
Buy-Sell Agreement
Ten years ago an insured purchased a life insurance policy designed to pay his
family $500 - ANSWER Family income policy
An agent delivers a policy to an applicant who pays the initial premium but refuses
to submit - ANSWER Consideration
,Life settlement contracts are out into effect by which of the following -
ANSWER An absolute assignment
A married couple wants to include the entire family in their whole life policy under
one rider. Which of - ANSWER Family term
Among people in the same class and life expectancy, which of the following
factors can be used to influence premium rates? - ANSWER
Occupation
Which of the following NOT be eligible for coverage under key person -
ANSWER The owner of the shop
An aleatory contract is based on what kind of exchange - ANSWER
Unequal exchanges of values
,Under what circumstances will the contingent beneficiary receive the death
benefit - ANSWER If the primary beneficiary dies before the
insured
Which of the following is NOT a component of an insurance policy premium -
ANSWER Number of beneficiaries
A warranty may relate to which of the following - ANSWER The
past the present and the future will
A college student will graduate next year. His studies have limited his ability to
work, so he has borrowed funds to pay for his education - ANSWER
Modified whole life
A person has a history of DUIs. To his insurer, this presents what type of hazard -
ANSWER Morale
, Which of the following is not a type of hazard - ANSWER
Exposure
An applicant for a disability insurance policy has a heart condition of which they
are unaware and therefore they ANSWERno to the question pertaining to heart
problems on their application. Their ANSWERis considered to be a - ANSWER
Representation
Which of the following would be considered peril - ANSWER
Fire
Which of the following is NOT a standard exclusion in life insurance policies -
ANSWER Disability
Joe, age 63, was disabled and can no longer work. He meets the Social Security
definition of total disability. How many work credits - ANSWER
40
