Exam (elaborations)
Primerica: Life insurance policies EXAM WITH 100% CORRECT ANSWERS 2025/ 2026
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Primerica: Life insurance policies EXAM WITH 100% CORRECT ANSWERS 2025/ 2026 401 k plan -A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment -Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner. Accelerated Death Benefit -Policy provision that allows full or partial payment of the policy's death benefit before the insured's death if he/she is terminally ill. Accidental Death Benefit -An extra cost rider that requires the insurance company to pay an additional benefit in the event
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