Primerica Life Insurance 2025/2026
Exam Questions and Correct Answers |
New Update
Accelerated Benefits - 🧠ANSWER ✔✔Riders attached to life insurance
policies that allow death benefits to be used to cover nursing or
convalescent home expenses.
Accidental Death Benefits - 🧠ANSWER ✔✔A policy rider that states that the
cause of death will be analyzed to determine if it complies with the policy
description of accidental death.
Accidental Death Insurance - 🧠ANSWER ✔✔An insurance policy that
provides payment if the insured's death is the result of an accident.
,Accumulation Period - 🧠ANSWER ✔✔The time before an annuitant's
retirement during which the annuitant is making payments or investments in
an annuity.
Actual Cash Value (ACV) - 🧠ANSWER ✔✔The required amount to pay
damages or for property loss. This amount is calculated based on the
property's current replacement value minus depreciation.
Adhesion - 🧠ANSWER ✔✔A contract offered on a "take-it-or leave-it" basis
by an insurer, in which the insured's only option is to either accept or reject
the contract. Any ambiguities in the contract will be settled in favor of the
insured
Adjustable Life - 🧠ANSWER ✔✔Life insurance that permits changes in the
face amount, premium amount, period of protection, and the duration of the
premium payment period.
Adjuster - 🧠ANSWER ✔✔A representative of an insurance company who
investigates and acts on the behalf of the company to obtain agreements
for the amount of the insurance claim.
Administrator - 🧠ANSWER ✔✔An individual appointed by a court as a
fiduciary to settle the financial affairs and estate of a deceased person.
,Admitted (Authorized) Insurer - 🧠ANSWER ✔✔An insurance company
authorized and licensed to transact business in a particular state.
Adverse Selection - 🧠ANSWER ✔✔The tendency of risks with higher
probability of loss to purchase and maintain insurance more often than the
risks who present lower probability.
Agency - 🧠ANSWER ✔✔An insurance sales office or company.
Agent - 🧠ANSWER ✔✔An individual who is licensed to sell, negotiate, or
effect insurance contracts on behalf of the insurer.
Agent Appointment - 🧠ANSWER ✔✔The authorization of an agent to act for
or represent an insurer
Agent's Authority - 🧠ANSWER ✔✔Special powers granted to an agent by
his or her agency contract.
Aleatory - 🧠ANSWER ✔✔A contract in which participating parties exchange
unequal amounts. Insurance contracts are aleatory in that the amount the
insured will pay in premiums is unequal to the amount the insurer will pay in
the event of a loss.
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, Alien Insurer - 🧠ANSWER ✔✔An insurance company that is incorporated
outside the United States.
Annual Statement - 🧠ANSWER ✔✔A detailed financial report that an
insurance company must submit every year to the insurance department of
state(s) in which it conducts business.
Annuity - 🧠ANSWER ✔✔A contract that provides income for a specified
period of years, or for life.
Apparent Authority - 🧠ANSWER ✔✔The appearance or the assumption of
authority based on the actions, words, or deeds of the principal or because
of circumstances the principal created.
Applicant - 🧠ANSWER ✔✔A person making application for, or offering
himself, herself or an other to be insured under an insurance contract.
Application - 🧠ANSWER ✔✔A document that provides information for
underwriting purposes. After the policy is issued, any unanswered
questions are considered waived by the insurer.
Assignment - 🧠ANSWER ✔✔The transfer of ownership rights of a life
insurance policy from one person to another.
Exam Questions and Correct Answers |
New Update
Accelerated Benefits - 🧠ANSWER ✔✔Riders attached to life insurance
policies that allow death benefits to be used to cover nursing or
convalescent home expenses.
Accidental Death Benefits - 🧠ANSWER ✔✔A policy rider that states that the
cause of death will be analyzed to determine if it complies with the policy
description of accidental death.
Accidental Death Insurance - 🧠ANSWER ✔✔An insurance policy that
provides payment if the insured's death is the result of an accident.
,Accumulation Period - 🧠ANSWER ✔✔The time before an annuitant's
retirement during which the annuitant is making payments or investments in
an annuity.
Actual Cash Value (ACV) - 🧠ANSWER ✔✔The required amount to pay
damages or for property loss. This amount is calculated based on the
property's current replacement value minus depreciation.
Adhesion - 🧠ANSWER ✔✔A contract offered on a "take-it-or leave-it" basis
by an insurer, in which the insured's only option is to either accept or reject
the contract. Any ambiguities in the contract will be settled in favor of the
insured
Adjustable Life - 🧠ANSWER ✔✔Life insurance that permits changes in the
face amount, premium amount, period of protection, and the duration of the
premium payment period.
Adjuster - 🧠ANSWER ✔✔A representative of an insurance company who
investigates and acts on the behalf of the company to obtain agreements
for the amount of the insurance claim.
Administrator - 🧠ANSWER ✔✔An individual appointed by a court as a
fiduciary to settle the financial affairs and estate of a deceased person.
,Admitted (Authorized) Insurer - 🧠ANSWER ✔✔An insurance company
authorized and licensed to transact business in a particular state.
Adverse Selection - 🧠ANSWER ✔✔The tendency of risks with higher
probability of loss to purchase and maintain insurance more often than the
risks who present lower probability.
Agency - 🧠ANSWER ✔✔An insurance sales office or company.
Agent - 🧠ANSWER ✔✔An individual who is licensed to sell, negotiate, or
effect insurance contracts on behalf of the insurer.
Agent Appointment - 🧠ANSWER ✔✔The authorization of an agent to act for
or represent an insurer
Agent's Authority - 🧠ANSWER ✔✔Special powers granted to an agent by
his or her agency contract.
Aleatory - 🧠ANSWER ✔✔A contract in which participating parties exchange
unequal amounts. Insurance contracts are aleatory in that the amount the
insured will pay in premiums is unequal to the amount the insurer will pay in
the event of a loss.
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, Alien Insurer - 🧠ANSWER ✔✔An insurance company that is incorporated
outside the United States.
Annual Statement - 🧠ANSWER ✔✔A detailed financial report that an
insurance company must submit every year to the insurance department of
state(s) in which it conducts business.
Annuity - 🧠ANSWER ✔✔A contract that provides income for a specified
period of years, or for life.
Apparent Authority - 🧠ANSWER ✔✔The appearance or the assumption of
authority based on the actions, words, or deeds of the principal or because
of circumstances the principal created.
Applicant - 🧠ANSWER ✔✔A person making application for, or offering
himself, herself or an other to be insured under an insurance contract.
Application - 🧠ANSWER ✔✔A document that provides information for
underwriting purposes. After the policy is issued, any unanswered
questions are considered waived by the insurer.
Assignment - 🧠ANSWER ✔✔The transfer of ownership rights of a life
insurance policy from one person to another.
