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

Primerica: Life insurance policies EXAM WITH 100% CORRECT ANSWERS 2025/ 2026 Who is entitled to the cash values in a life insurance policy? -The policyowner What is the purpose of establishing a target premium for a universal life policy -To prevent the policy from lapsing A policy states that it will pay a specified face amount if the insured dies during the 20 year premium paying period and nothing if death occurs after the 20 year period. What type of policy is this - 20-year level term What type of life insurance is best suited to cover a mortgage -Decreasing term Group life insurance policies are written as what type of insurance -Annually renewable term What does "level" refer to in level term insurance? -Face amount The death protection component of a universal life policy is expressed as what type of coverage - Annually Renewable