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Primerica Exam 3 Questions With Correct
Answers 100% Verified.
4. The annuitant will receive the higher of either the guaranteed minimum rate or current rate.
- Answer✔19.In a fixed annuity, which of the following is true regarding the guaranteed interest
rate on the investment? (Choose from the following options)
1. The annuitant will always receive the current interest rate.
2. The annuitant will receive the lower of either the guaranteed minimum rate or current rate.
3. The annuitant will only receive the guaranteed minimum specified in the contract.
4. The annuitant will receive the higher of either the guaranteed minimum rate or current rate.
2. Obtain a list of all life insurance policies that will be replaced - Answer✔During replacement
of life insurance, a replacing insurer must do which of the following? (Choose from the
following options)
1. Send a copy of the Notice Regarding Replacement to the Department of Insurance
2. Obtain a list of all life insurance policies that will be replaced
3. Guarantee a replacement for each existing policy
4. Designate a new producer for a replaced policy
2. 30 days - Answer✔22.A flexible premium universal life insurance policy must provide a grace
period of (Choose from the following options)
1. 10 days.
2. 30 days.
3. 60 days.
4. 90 days.
4. Implied - Answer✔Which type of authority is based on the actions, words, or deeds of the
principal? (Choose from the following options)
1. Apparent
1
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 10:31AM. A+
2. Express
3. Lingering implied
4. Implied
3. An index like Standard & Poor's 500. - Answer✔The equity in an equity index annuity is linked
to (Choose from the following options)
1. The annuitant's individual stock portfolio
2. The insurance company's general account investments
3. An index like Standard & Poor's 500
4. The returns from the insurance company's separate account.
2. Waiver - Answer✔An insurance company receives an application with some information
missing and issues the policy anyway. What is this called? (Choose from the following options)
1. Aleatory
2. Waiver
3. Estoppel
4. Subrogation
4. An unfair trade practice. - Answer✔26.If an insurance company makes a statement that its
policies are guaranteed by the existence of the Insurance Guaranty Association that would be
considered (Choose from the following options)
1. A misrepresentation
2. An accurate statement
3. A legal representation of the Association
4. An unfair trade practice.
4)Option B - Answer✔Which option for Universal life allows the beneficiary to collect both the
death benefit and cash value upon the death of the insured? (Choose from the following
options)
1. Corridor option
2. Variable option
3. Option A
4. Option B
2
Primerica Exam 3 Questions With Correct
Answers 100% Verified.
4. The annuitant will receive the higher of either the guaranteed minimum rate or current rate.
- Answer✔19.In a fixed annuity, which of the following is true regarding the guaranteed interest
rate on the investment? (Choose from the following options)
1. The annuitant will always receive the current interest rate.
2. The annuitant will receive the lower of either the guaranteed minimum rate or current rate.
3. The annuitant will only receive the guaranteed minimum specified in the contract.
4. The annuitant will receive the higher of either the guaranteed minimum rate or current rate.
2. Obtain a list of all life insurance policies that will be replaced - Answer✔During replacement
of life insurance, a replacing insurer must do which of the following? (Choose from the
following options)
1. Send a copy of the Notice Regarding Replacement to the Department of Insurance
2. Obtain a list of all life insurance policies that will be replaced
3. Guarantee a replacement for each existing policy
4. Designate a new producer for a replaced policy
2. 30 days - Answer✔22.A flexible premium universal life insurance policy must provide a grace
period of (Choose from the following options)
1. 10 days.
2. 30 days.
3. 60 days.
4. 90 days.
4. Implied - Answer✔Which type of authority is based on the actions, words, or deeds of the
principal? (Choose from the following options)
1. Apparent
1
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 10:31AM. A+
2. Express
3. Lingering implied
4. Implied
3. An index like Standard & Poor's 500. - Answer✔The equity in an equity index annuity is linked
to (Choose from the following options)
1. The annuitant's individual stock portfolio
2. The insurance company's general account investments
3. An index like Standard & Poor's 500
4. The returns from the insurance company's separate account.
2. Waiver - Answer✔An insurance company receives an application with some information
missing and issues the policy anyway. What is this called? (Choose from the following options)
1. Aleatory
2. Waiver
3. Estoppel
4. Subrogation
4. An unfair trade practice. - Answer✔26.If an insurance company makes a statement that its
policies are guaranteed by the existence of the Insurance Guaranty Association that would be
considered (Choose from the following options)
1. A misrepresentation
2. An accurate statement
3. A legal representation of the Association
4. An unfair trade practice.
4)Option B - Answer✔Which option for Universal life allows the beneficiary to collect both the
death benefit and cash value upon the death of the insured? (Choose from the following
options)
1. Corridor option
2. Variable option
3. Option A
4. Option B
2
