PRIMERICA PRACTICE TEST 2025 update|comprehensive questions
Primerica Practice Test
and verified answers (complete solutions) A+ GRADE!!
Study online at https://quizlet.com/_2rgba9
1. The receipt given to a life insurance applicant when conditional receipt
the application is completed and the initial premium
is received is called a(n)
2. Statements in the application for insurance that are representations
believed to be true to the best of the applicant's knowl-
edge are called
3. An annuity is considered fixed when it does all of the provides the annuitant
following EXCEPT with an interest rate that is
the lesser of the guaran-
teed or current rate
4. The most common type of whole life insurance where continuous premium
premiums are payable over the whole life of the in- (straight) life
sured to age 100 is called
5. The policy and a copy of the application, along with any entire contract
riders and amendments, is called the
6. Money borrowed from the policy's cash value is not taxable
7. Which of the following annuity products requires an variable annuities
agent to hold a securities license?
8. Which type of annuity settlement stops when the an- life income annuity
nuitant dies?
9. At what age can a participant receive distributions 59.5
from a qualified plan without incurring a 10% penalty?
10. Which settlement option guarantees an income for 2 joint and survivor
or more recipients for as long as they live
1/6
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11. Two business partners own life insurance on each oth- buy-sell agreement
er. If one partner dies, which of the following contracts
will allow the surviving partner to use the death benefit
to purchase the deceased's business interests?
12. Which of the following would be considered a flexible universal life
premium policy?
13. If an annuitant dies during the accumulation period, either the cash value or the
what will the beneficiary receive? premiums paid, whichever
is greater
14. Any insurer who is NOT approved to do business in this nonadmitted
state is considered
15. To prevent people from profiting from a loss, insurers insurable interest exists
must be certain
16. If a misstatement of age is discovered during the pro- adjusts the death bene-
cessing of a life insurance claim, what will the insurer fit based on the premiums
do? that were paid
17. Which of the following allows an insurance company to policy exclusions
deny coverage if the insured's death occurs in a war?
18. Each of the following is a typical characteristic of group evidence of insurability is
life insurance EXCEPT usually required
19. A life settlement opinion that pays out the death ben- fixed-amount installments
efit incrementally, in a specified amount until all of the
proceeds are exhausted, is called
20. A life insurance death benefit paid in a lump sum to a not subject to any taxes
beneficiary is
2/6
Primerica Practice Test
and verified answers (complete solutions) A+ GRADE!!
Study online at https://quizlet.com/_2rgba9
1. The receipt given to a life insurance applicant when conditional receipt
the application is completed and the initial premium
is received is called a(n)
2. Statements in the application for insurance that are representations
believed to be true to the best of the applicant's knowl-
edge are called
3. An annuity is considered fixed when it does all of the provides the annuitant
following EXCEPT with an interest rate that is
the lesser of the guaran-
teed or current rate
4. The most common type of whole life insurance where continuous premium
premiums are payable over the whole life of the in- (straight) life
sured to age 100 is called
5. The policy and a copy of the application, along with any entire contract
riders and amendments, is called the
6. Money borrowed from the policy's cash value is not taxable
7. Which of the following annuity products requires an variable annuities
agent to hold a securities license?
8. Which type of annuity settlement stops when the an- life income annuity
nuitant dies?
9. At what age can a participant receive distributions 59.5
from a qualified plan without incurring a 10% penalty?
10. Which settlement option guarantees an income for 2 joint and survivor
or more recipients for as long as they live
1/6
, Primerica Practice Test
Study online at https://quizlet.com/_2rgba9
11. Two business partners own life insurance on each oth- buy-sell agreement
er. If one partner dies, which of the following contracts
will allow the surviving partner to use the death benefit
to purchase the deceased's business interests?
12. Which of the following would be considered a flexible universal life
premium policy?
13. If an annuitant dies during the accumulation period, either the cash value or the
what will the beneficiary receive? premiums paid, whichever
is greater
14. Any insurer who is NOT approved to do business in this nonadmitted
state is considered
15. To prevent people from profiting from a loss, insurers insurable interest exists
must be certain
16. If a misstatement of age is discovered during the pro- adjusts the death bene-
cessing of a life insurance claim, what will the insurer fit based on the premiums
do? that were paid
17. Which of the following allows an insurance company to policy exclusions
deny coverage if the insured's death occurs in a war?
18. Each of the following is a typical characteristic of group evidence of insurability is
life insurance EXCEPT usually required
19. A life settlement opinion that pays out the death ben- fixed-amount installments
efit incrementally, in a specified amount until all of the
proceeds are exhausted, is called
20. A life insurance death benefit paid in a lump sum to a not subject to any taxes
beneficiary is
2/6
