PRIMERICA LIFE INSURANCE EXAM
A ten% penalty should be paid on withdrawals crafted from a qualified plan before age
a. Forty
b. 70 1/2
c. Fifty nine half
d. 65 - ANS-C. 59 half of
A father owns a lifestyles insurance coverage on his 15-yr-vintage daughter. The policy includes
the optionally available Payor Benefit rider. If the father turns into disabled, what is going to
happen to the existence insurance charges?
A. The insured will must pay premiums for 6 months. If on the quit of this period the daddy is still
disabled, the insured may be refunded the charges
b. The insureds charges may be waived until she is 21
c. The charges becomes tax deductible till the insureds 18th birthday
d. For the reason that it is the policyowner, and now not the insured, who has turn out to be
disabled, the existence coverage policy will now not be affected - ANS-B. The insureds rates
may be waived till she is 21
a long stretch of national financial worry causes a 7% price of inflation. A policyowner notices
that the face cost of her lifestyles coverage coverage has be raised 7% as a result. Which policy
rider brought about this variation?
A. Inflation rider
b. Value of dwelling rider
c. Fee of adjustment rider
d. Return of premium rider - ANS-B. Price of residing rider
the fee of residing rider yearly adjusts the coverage's face vale according with the national
charge of inflation or deflation. This rider adjusts the face quantity of the coverage to correspond
with the price of inflation, in an effort to preserve the initial value of the coverage regular over
the years
a Louisiana coverage enterprise ran and commercial in June 2008. When could the company
discard the record in this file?
A. June 2013
b. June 2012
c. June 2011
d. June 2009 - ANS-B. June 2012
,in Louisiana, coverage groups are required to keep files of all commercials used for 4 years, or
till he subsequent exam with the aid of the Department
A man decided to buy a $one hundred,000 Annually Renewable Term Life coverage to offer
extra protection until his youngsters completed university. He located that his policy
a. Required a premium boom each renewal
b. Built cash cost
c. Required proof of insurability ever yr
d. Reduced death advantage each renewal - ANS-A. Required a premium growth each renewal
yearly renewable term regulations premiums are adjusted every yr to the insured's attained age,
however, the policy can be assured renewable. Death benefits continue to be stage, and
transfer any term policy, there are no cash values
a participating coverage coverage might also do which of the subsequent?
A. Require eighty% participation
b. Pay dividends to the policyowner
c. Provide institution coverage
d. Pay dividends to the stockholder - ANS-B. Pay dividends to the policyowner
a policy that insures 2 or more lives and pays on the loss of life of the last insured is
a. Joint existence
b. Organization life
c. Survivorship lifestyles
d. Own family safety ife - ANS-C. Survivorship existence
a manufacturer agent need to do all of the following whilst delivering a brand new coverage to
the insured EXCEPT
a. Divulge commissions earned from the sale of the policy
b. Explain the policy provisions, riders, and exclusions
c. Collect any premium due
d. Provide an explanation for the score approaches if the coverage is rated differently than
applied for - ANS-A. Divulge commissions earned fro the sale of the policy
a producer ought to explain policy provisions, exclusions, and riders on the time of the shipping,
in addition to the rating procedures especially if the coverage is rated differently than carried out
for. The producer must also accumulate any due top rate and have the insured signal the
statement pass endured good health
,A producer has been notified by using the Commissioner to forestall the use of an unapproved
exchange call. How many days does the producer need to change the alternate call before
going through a first-rate?
A. Five business days
b. 10 days
c. 30 days
d. The name ought to be changed right now - ANS-B. 10 days
a producer who contributes to use a unapproved trade name for 10 or greater days after being
notified will face a satisfactory of as much as $five,000
a producer in another kingdom desires to become a manufacturer in Louisiana. The different
state offers the same privileges to Louisiana producers wanting to be certified in that kingdom
because it does to its very own producers. Louisiana, therefore, extends the licensing privileges
to the possible manufacturer of the alternative state. What is that this known as?
A. Truthful alternate
b. Managed business
c. Subrogation
d. Reciprocity - ANS-D. Reciprocity
reciprocity takes place whilst the kingdom in which the character is living accords the same
privilege to citizens of Louisiana
a manufacturer is supporting a married couple decide the financial desires of their youngsters
inside the occasion of one or each must die upfront. This is a private use of lifestyles coverage
called
a. Survivorship coverage
b. Juvenile safety provision
c. Survivorship safety
d. Existence making plans - ANS-C. Survivorship safety
life insurance can provide the funds necessary for the survivors of the insured as a way to
maintain their way of life within the event of the insured's dying. This is known as survivor
protection
a manufacturer is helping a married couple determine the economic needs in their youngsters in
the event one or each ought to die upfront. That is a non-public use of life insurance referred to
as
a. Survivorship coverage
b. Juvenile protection provision
, c. Survivor safety
d. Life plannning - ANS-C. Survivor safety
A producer is supporting a married couple decide the economic wishes of their kids inside the
occasion one or each ought to die prematurely. This is a non-public use of existence insurance
referred to as
a. Survivorship insurance
b. Juvenile protection provision
c. Survivor protection
d. Lifestyles planning - ANS-C. Survivor safety
lifestyles coverage can offer the funds essential for the survivors of the insured to be able to
keep their way of life in the occasion of the insured's death. This is referred to as survivor safety
A rider that can be connected to a life insurance policy a good way to modify the face amount
primarily based upon a particular index, along with the Consumer Price Index, is referred to as
a. Increased gain rider
b. Residing want rider
c. Payor rider
d. Price of dwelling rider - ANS-D. Cost of dwelling rider
a "price of residing rider" adjusts the face quantity of a policy to hold the relationship of the face
quantity and increase within the price of dwelling
a declaration that is the absolute reality is
a. Guarantee
b. Illustration
c. Misrepresentation
d. Fraud - ANS-a. Assurance
a straight existence coverage has what sort of top class?
A. An growing annual top class for the lifestyles of the insured
b. A reducing annual top rate for the lifestyles of the insured
c. A variable annual top rate for the lifestyles of the insured
d. A degree annual top class for the existence of the insured - ANS-D. A level annual top rate
for the lifestyles of the insured
a tax-sheltered annuity is a special tax-desired retirement plan to be had to
a. Absolutely everyone
A ten% penalty should be paid on withdrawals crafted from a qualified plan before age
a. Forty
b. 70 1/2
c. Fifty nine half
d. 65 - ANS-C. 59 half of
A father owns a lifestyles insurance coverage on his 15-yr-vintage daughter. The policy includes
the optionally available Payor Benefit rider. If the father turns into disabled, what is going to
happen to the existence insurance charges?
A. The insured will must pay premiums for 6 months. If on the quit of this period the daddy is still
disabled, the insured may be refunded the charges
b. The insureds charges may be waived until she is 21
c. The charges becomes tax deductible till the insureds 18th birthday
d. For the reason that it is the policyowner, and now not the insured, who has turn out to be
disabled, the existence coverage policy will now not be affected - ANS-B. The insureds rates
may be waived till she is 21
a long stretch of national financial worry causes a 7% price of inflation. A policyowner notices
that the face cost of her lifestyles coverage coverage has be raised 7% as a result. Which policy
rider brought about this variation?
A. Inflation rider
b. Value of dwelling rider
c. Fee of adjustment rider
d. Return of premium rider - ANS-B. Price of residing rider
the fee of residing rider yearly adjusts the coverage's face vale according with the national
charge of inflation or deflation. This rider adjusts the face quantity of the coverage to correspond
with the price of inflation, in an effort to preserve the initial value of the coverage regular over
the years
a Louisiana coverage enterprise ran and commercial in June 2008. When could the company
discard the record in this file?
A. June 2013
b. June 2012
c. June 2011
d. June 2009 - ANS-B. June 2012
,in Louisiana, coverage groups are required to keep files of all commercials used for 4 years, or
till he subsequent exam with the aid of the Department
A man decided to buy a $one hundred,000 Annually Renewable Term Life coverage to offer
extra protection until his youngsters completed university. He located that his policy
a. Required a premium boom each renewal
b. Built cash cost
c. Required proof of insurability ever yr
d. Reduced death advantage each renewal - ANS-A. Required a premium growth each renewal
yearly renewable term regulations premiums are adjusted every yr to the insured's attained age,
however, the policy can be assured renewable. Death benefits continue to be stage, and
transfer any term policy, there are no cash values
a participating coverage coverage might also do which of the subsequent?
A. Require eighty% participation
b. Pay dividends to the policyowner
c. Provide institution coverage
d. Pay dividends to the stockholder - ANS-B. Pay dividends to the policyowner
a policy that insures 2 or more lives and pays on the loss of life of the last insured is
a. Joint existence
b. Organization life
c. Survivorship lifestyles
d. Own family safety ife - ANS-C. Survivorship existence
a manufacturer agent need to do all of the following whilst delivering a brand new coverage to
the insured EXCEPT
a. Divulge commissions earned from the sale of the policy
b. Explain the policy provisions, riders, and exclusions
c. Collect any premium due
d. Provide an explanation for the score approaches if the coverage is rated differently than
applied for - ANS-A. Divulge commissions earned fro the sale of the policy
a producer ought to explain policy provisions, exclusions, and riders on the time of the shipping,
in addition to the rating procedures especially if the coverage is rated differently than carried out
for. The producer must also accumulate any due top rate and have the insured signal the
statement pass endured good health
,A producer has been notified by using the Commissioner to forestall the use of an unapproved
exchange call. How many days does the producer need to change the alternate call before
going through a first-rate?
A. Five business days
b. 10 days
c. 30 days
d. The name ought to be changed right now - ANS-B. 10 days
a producer who contributes to use a unapproved trade name for 10 or greater days after being
notified will face a satisfactory of as much as $five,000
a producer in another kingdom desires to become a manufacturer in Louisiana. The different
state offers the same privileges to Louisiana producers wanting to be certified in that kingdom
because it does to its very own producers. Louisiana, therefore, extends the licensing privileges
to the possible manufacturer of the alternative state. What is that this known as?
A. Truthful alternate
b. Managed business
c. Subrogation
d. Reciprocity - ANS-D. Reciprocity
reciprocity takes place whilst the kingdom in which the character is living accords the same
privilege to citizens of Louisiana
a manufacturer is supporting a married couple decide the financial desires of their youngsters
inside the occasion of one or each must die upfront. This is a private use of lifestyles coverage
called
a. Survivorship coverage
b. Juvenile safety provision
c. Survivorship safety
d. Existence making plans - ANS-C. Survivorship safety
life insurance can provide the funds necessary for the survivors of the insured as a way to
maintain their way of life within the event of the insured's dying. This is known as survivor
protection
a manufacturer is helping a married couple determine the economic needs in their youngsters in
the event one or each ought to die upfront. That is a non-public use of life insurance referred to
as
a. Survivorship coverage
b. Juvenile protection provision
, c. Survivor safety
d. Life plannning - ANS-C. Survivor safety
A producer is supporting a married couple decide the economic wishes of their kids inside the
occasion one or each ought to die prematurely. This is a non-public use of existence insurance
referred to as
a. Survivorship insurance
b. Juvenile protection provision
c. Survivor protection
d. Lifestyles planning - ANS-C. Survivor safety
lifestyles coverage can offer the funds essential for the survivors of the insured to be able to
keep their way of life in the occasion of the insured's death. This is referred to as survivor safety
A rider that can be connected to a life insurance policy a good way to modify the face amount
primarily based upon a particular index, along with the Consumer Price Index, is referred to as
a. Increased gain rider
b. Residing want rider
c. Payor rider
d. Price of dwelling rider - ANS-D. Cost of dwelling rider
a "price of residing rider" adjusts the face quantity of a policy to hold the relationship of the face
quantity and increase within the price of dwelling
a declaration that is the absolute reality is
a. Guarantee
b. Illustration
c. Misrepresentation
d. Fraud - ANS-a. Assurance
a straight existence coverage has what sort of top class?
A. An growing annual top class for the lifestyles of the insured
b. A reducing annual top rate for the lifestyles of the insured
c. A variable annual top rate for the lifestyles of the insured
d. A degree annual top class for the existence of the insured - ANS-D. A level annual top rate
for the lifestyles of the insured
a tax-sheltered annuity is a special tax-desired retirement plan to be had to
a. Absolutely everyone
