Primerica Practice Test Exam 2026
Questions and Answers
The receipt given to a life insurance applicant when the application is completed
and the initial premium is received is called a(n) - Correct answer-conditional
receipt
Statements in the application for insurance that are believed to be true to the best of
the applicant's knowledge are called - Correct answer-representations
An annuity is considered fixed when it does all of the following EXCEPT - Correct
answer-provides the annuitant with an interest rate that is the lesser of the
guaranteed or current rate
The most common type of whole life insurance where premiums are payable over
the whole life of the insured to age 100 is called - Correct answer-continuous
premium (straight) life
The policy and a copy of the application, along with any riders and amendments, is
called the - Correct answer-entire contract
Money borrowed from the policy's cash value is - Correct answer-not taxable
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, Which of the following annuity products requires an agent to hold a securities
license? - Correct answer-variable annuities
Which type of annuity settlement stops when the annuitant dies? - Correct answer-
life income annuity
At what age can a participant receive distributions from a qualified plan without
incurring a 10% penalty? - Correct answer-59.5
Which settlement option guarantees an income for 2 or more recipients for as long
as they live - Correct answer-joint and survivor
Two business partners own life insurance on each other. 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? - Correct answer-buy-sell agreement
Which of the following would be considered a flexible premium policy? - Correct
answer-universal life
If an annuitant dies during the accumulation period, what will the beneficiary
receive? - Correct answer-either the cash value or the premiums paid, whichever is
greater
Any insurer who is NOT approved to do business in this state is considered -
Correct answer-nonadmitted
©COPYRIGHT 2025, ALL RIGHTS RESERVE 2
Questions and Answers
The receipt given to a life insurance applicant when the application is completed
and the initial premium is received is called a(n) - Correct answer-conditional
receipt
Statements in the application for insurance that are believed to be true to the best of
the applicant's knowledge are called - Correct answer-representations
An annuity is considered fixed when it does all of the following EXCEPT - Correct
answer-provides the annuitant with an interest rate that is the lesser of the
guaranteed or current rate
The most common type of whole life insurance where premiums are payable over
the whole life of the insured to age 100 is called - Correct answer-continuous
premium (straight) life
The policy and a copy of the application, along with any riders and amendments, is
called the - Correct answer-entire contract
Money borrowed from the policy's cash value is - Correct answer-not taxable
©COPYRIGHT 2025, ALL RIGHTS RESERVE 1
, Which of the following annuity products requires an agent to hold a securities
license? - Correct answer-variable annuities
Which type of annuity settlement stops when the annuitant dies? - Correct answer-
life income annuity
At what age can a participant receive distributions from a qualified plan without
incurring a 10% penalty? - Correct answer-59.5
Which settlement option guarantees an income for 2 or more recipients for as long
as they live - Correct answer-joint and survivor
Two business partners own life insurance on each other. 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? - Correct answer-buy-sell agreement
Which of the following would be considered a flexible premium policy? - Correct
answer-universal life
If an annuitant dies during the accumulation period, what will the beneficiary
receive? - Correct answer-either the cash value or the premiums paid, whichever is
greater
Any insurer who is NOT approved to do business in this state is considered -
Correct answer-nonadmitted
©COPYRIGHT 2025, ALL RIGHTS RESERVE 2
