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Primerica-Annuities Exam Questions With
Correct Answers 100% Verified.
How long will a life annuity with an installment refund pay?
a. until the balance of the initial premium is paid out in a lump sum to the beneficiary after the
annuitant dies
b. until the balance of the initial premium is paid out in a continued payments to the
beneficiary after the annuitant dies
c. for guaranteed 20 years
d. only until the annuitant dies - Answer✔b. until the balance of the initial premium is paid out
in a continued payments to the beneficiary after the annuitant-life annuity with an installment
refund will pay for the life of the annuitant or if the annuitant dies before the full initial
premium has been paid out, guaranteed payments will continue to the beneficiary until the
entire premium amount is paid
The annuity purchased with multiple payments, whose benefit is paid more than one year after
the purchase is known as which type of annuity?
a. Flexible Premium Deferred Annuity
b. Single Premium Immediate Annuity
c. Flexible Premium Immediate Annuity
d. Single Premium Deferred Annuity - Answer✔a. Flexible Premium Deferred Annuity-FPDA
purchased with multiple payments, and benefit payments begin sometime after one year from
the date of purchase
Which of the following statements regarding annuities is correct?
a. deferred annuities pay a lump sum at retirement
b. annuities are not suitable for retirement
1
Primerica-Annuities Exam Questions With
Correct Answers 100% Verified.
How long will a life annuity with an installment refund pay?
a. until the balance of the initial premium is paid out in a lump sum to the beneficiary after the
annuitant dies
b. until the balance of the initial premium is paid out in a continued payments to the
beneficiary after the annuitant dies
c. for guaranteed 20 years
d. only until the annuitant dies - Answer✔b. until the balance of the initial premium is paid out
in a continued payments to the beneficiary after the annuitant-life annuity with an installment
refund will pay for the life of the annuitant or if the annuitant dies before the full initial
premium has been paid out, guaranteed payments will continue to the beneficiary until the
entire premium amount is paid
The annuity purchased with multiple payments, whose benefit is paid more than one year after
the purchase is known as which type of annuity?
a. Flexible Premium Deferred Annuity
b. Single Premium Immediate Annuity
c. Flexible Premium Immediate Annuity
d. Single Premium Deferred Annuity - Answer✔a. Flexible Premium Deferred Annuity-FPDA
purchased with multiple payments, and benefit payments begin sometime after one year from
the date of purchase
Which of the following statements regarding annuities is correct?
a. deferred annuities pay a lump sum at retirement
b. annuities are not suitable for retirement
1
