Primerica Practice Test / Actual Exam
Questions and Correct Answers
(Verified, Detailed Answers) A Grade.
_____________Quiz____________?
The receipt given to a life insurance applicant when the application is completed and the initial
premium is received is called a(n) -
Answer✓✓
conditional receipt
_____________Quiz____________?
Statements in the application for insurance that are believed to be true to the best of the
applicant's knowledge are called -
Answer✓✓
representations
_____________Quiz____________?
An annuity is considered fixed when it does all of the following EXCEPT -
Answer✓✓
provides the annuitant with an interest rate that is the lesser of the guaranteed or current rate
_____________Quiz____________?
1
, The most common type of whole life insurance where premiums are payable over the whole
life of the insured to age 100 is called -
Answer✓✓
continuous premium (straight) life
_____________Quiz____________?
The policy and a copy of the application, along with any riders and amendments, is called the -
Answer✓✓
entire contract
_____________Quiz____________?
Money borrowed from the policy's cash value is -
Answer✓✓
not taxable
_____________Quiz____________?
Which of the following annuity products requires an agent to hold a securities license? -
Answer✓✓
variable annuities
_____________Quiz____________?
Which type of annuity settlement stops when the annuitant dies? -
Answer✓✓
2
Questions and Correct Answers
(Verified, Detailed Answers) A Grade.
_____________Quiz____________?
The receipt given to a life insurance applicant when the application is completed and the initial
premium is received is called a(n) -
Answer✓✓
conditional receipt
_____________Quiz____________?
Statements in the application for insurance that are believed to be true to the best of the
applicant's knowledge are called -
Answer✓✓
representations
_____________Quiz____________?
An annuity is considered fixed when it does all of the following EXCEPT -
Answer✓✓
provides the annuitant with an interest rate that is the lesser of the guaranteed or current rate
_____________Quiz____________?
1
, The most common type of whole life insurance where premiums are payable over the whole
life of the insured to age 100 is called -
Answer✓✓
continuous premium (straight) life
_____________Quiz____________?
The policy and a copy of the application, along with any riders and amendments, is called the -
Answer✓✓
entire contract
_____________Quiz____________?
Money borrowed from the policy's cash value is -
Answer✓✓
not taxable
_____________Quiz____________?
Which of the following annuity products requires an agent to hold a securities license? -
Answer✓✓
variable annuities
_____________Quiz____________?
Which type of annuity settlement stops when the annuitant dies? -
Answer✓✓
2
