Primerica Life Insurance Exam 2025 Review | 100 Questions with Verified Answers | 100% Correct| Graded A.

Primerica Life Insurance Exam 2025 i,- i,- i,- i,- i,-




Review | 100 Questions with Verified i,- i,- i,- i,- i,- i,-




Answers | 100% Correct| Graded A. i,- i,- i,- i,- i,-




An insured owns a $50,000 whole life policy. At age 47, the
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insured decides to cancel his policy and exercise the extended
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term option for the policy's cash value, which is currently $20,000.
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What would be the face amount of the new term policy?
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a) $20,000
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b) $25,000
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c) $50,000
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d) The face amount will be determined by the insurer.
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Which of the following is NOT a term for the period of time
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during which the annuitant or the beneficiary receives income?
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a) Annuitization period
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b) Pay-out period
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c) Liquidation period
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d) Depreciation period
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What is the purpose of a conditional receipt?
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,a) It is intended to provide coverage on a date earlier than the
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date of the issuance of the policy.
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b) It guarantees the applicant that a policy will be issued in the
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amount applied for in the application. i,- i,- i,- i,- i,-




c) It serves as proof that the agent has determined the applicant
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to be fully insurable for coverage by the insurance company.
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d) It is given by the agent only to applicants who fully prepay all
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scheduled premiums in advance of policy issue. It is intended
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to provide coverage on a date earlier than the date of the
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issuance of the policy i,- i,- i,-




In a life settlement contract, whom does the life settlement
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broker represent? i,-




a) The owner
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b) The insurer
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c) The beneficiary
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d) The life settlement intermediary
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Which of the following statements is TRUE concerning irrevocable
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beneficiaries?
a) They can be changed only with the written consent of that
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beneficiary.
b) They may be changed at any time.
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,c) They can never be changed.
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d) They may be changed only on the anniversary date of the
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policy. They can be changed only with the written consent of
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that beneficiaryi,-




An employee quits her job where she has a balance of $10,000 in
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her qualified plan. The balance was paid out directly to the
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employee in order for her to move the funds to a new account. If
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she decides to rollover her plan to a Traditional IRA, how much
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will she receive from the plan administrator and how long does
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she have to complete the tax-free rollover?
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a) $8,000, 30 days
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b) $10,000, 60 days
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c) $10,000, 30 days
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d) $8,000, 60 days
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The policyowner pays for her life insurance annually. Until now,
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she has collected a nontaxable dividend check each year. She has
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decided that she would rather use the dividends to help pay for
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her next premium. What option would allow her to do this?
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a) Paid-up addition
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b) Accumulation at interest
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c) Cash option
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, d) Reduction of premium
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Variable Life insurance is based on what kind of premium?
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a) Decreasing
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b) Graded
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c) Level fixed
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d) Increasing
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An insurer has made all of the decisions regarding the provisions
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included in the insured's policy. The insured finds an
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objectionable provision and wants to negotiate it with the insurer i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



but is not allowed to do so. Her only options are to reject the
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policy or accept it as is. Which contract feature does this describe?
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a) Unilateral
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b) Conditional
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c) Personal
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d) Adhesion
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An insurance policy that only requires a payment of premium at
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its inception, provides insurance protection for the life of the
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insured, and matures at the insured's age 100 is called
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a) Modified Endowment Contract (MEC).
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