Primerica: Life insurance policies EXAM WITH 100% CORRECT ANSWERS 2025/ 2026

Primerica: Life insurance policies EXAM WITH 100% CORRECT ANSWERS 2025/ 2026 For replacement transactions, an insurance producer's duties include all of the following, EXCEPT (Select 1): a. Provide the applicant with a policy cost comparison statement, b. Notify existing insurers of policies to be replaced c. Make a list of all existing policies the applicant intends to replace d. Leave a notice regarding replacement with the applicant -b) Notify existing insurers of policies to be replaced. The insurer is responsible for notifying existing insurers of policies to be replaced. Maricella took out a $4,000 policy loan from her whole life insurance policy. The policy face amount is $400,000. If Maricella does not repay the loan, how will the death benefit be affected (Select 1): a. The death benefit will be increased by $4,000. b. The death benefit will be decreased by $4,000. c. The death benefit will be decreased by $4,000 + interest. d. The death benefit will remain the same. -c) The death benefit will be decreased by $2,000 plus interest. If a loan is not paid back before the insured dies, the amount of the policy loan plus interest will be deducted from the policy face amount. Angela's beneficiary will receive $198,000 minus interest on the $2,000 policy loan.