Primerica - Life Insurance Basics (AZ)
A producer is helping a married couple decide the economic needs of their children inside the
event one or each ought to die in advance. This is a private use of life coverage referred to as
A - Survivorship coverage
B - Juvenile protection provision
C - Survivor protection
D - Life planning - ANS-C - Survivor safety
Life coverage can offer the finances necessary for the survivors of the insured as a way to keep
their life-style inside the event of the insured's death. This is referred to as survivor protection.
All classified ads are the obligation of the
A - Insured.
B - Advertising organisation.
C - Department of Insurance.
D - Insurer. - ANS-D - Insurer.
The insurer whose guidelines are marketed is accountable for all its commercials, regardless of
who wrote, created, offered, or allotted them.
All of the subsequent are obligations and obligations of manufacturers at the time of software
EXCEPT
A - Change any wrong statement on the software with the aid of in my opinion initialing next to
the corrected announcement.
B - Explain the character and kind of any receipt the manufacturer is giving to the applicant.
C - Probe beyond the said questions if the manufacturer feels the applicant is misrepresenting
or concealing information.
D - Check to make certain that there aren't any unanswered questions on the application. -
ANS-A - Change any wrong declaration at the software through in my opinion initialing
subsequent to the corrected statement.
Any adjustments to records on an utility have to be initialed by the applicant.
All of the subsequent are requirements for manufacturer license renewal EXCEPT
A - Renewal costs.
B - Record of fingerprints.
C - Renewal exam.
, D - Continuing schooling. - ANS-C - Renewal exam.
In order to resume a manufacturer's license, right renewal bureaucracy need to be submitted,
followed by way of payment of the specified charges, and proof of the crowning glory of
continuing training. The Director may also require a producer to post a full set of fingerprints.
Producers do now not need to take any unique renewal tests.
All of the following statements regarding using lifestyles insurance as an Executive Bonus are
correct EXCEPT
A - Any type of insurance policy can be used.
B - The enterprise pays an advantage to a selected worker to fund the policy.
C - It is considered a nonqualified worker advantage.
D - The coverage is owned via the agency. - ANS-D - The policy is owned by the enterprise.
The coverage is owned through the employee.
An applicant wishes to buy a coverage that has a cash fee detail. Which kind ought to she
purchase?
A -Investment
B - Term
C - Permanent
D - Stock - ANS-C - Permanent
Unlike term coverage, permanent insurance affords lifetime death safety and a savings or coins
value option.
An insured gets a monthly precis for his life coverage coverage. He notices that the coins cost
of the policy is extensively lower this month than it was final month. What type of coverage does
the insured have?
A - Term
B - Securities
C - Stock
D - Variable - ANS-D - Variable
Variable lifestyles policies vary in price, as the name indicates, because the fee is primarily
based at the stocks that help the policy. If a policyholder desires a greater strong, dependable
fee, he/she need to invest in a hard and fast policy.
An insurer has placed a word on its advertising and marketing declaring that its policies are
blanketed through the Life and Disability Insurance Guaranty Fund. This practice is
A producer is helping a married couple decide the economic needs of their children inside the
event one or each ought to die in advance. This is a private use of life coverage referred to as
A - Survivorship coverage
B - Juvenile protection provision
C - Survivor protection
D - Life planning - ANS-C - Survivor safety
Life coverage can offer the finances necessary for the survivors of the insured as a way to keep
their life-style inside the event of the insured's death. This is referred to as survivor protection.
All classified ads are the obligation of the
A - Insured.
B - Advertising organisation.
C - Department of Insurance.
D - Insurer. - ANS-D - Insurer.
The insurer whose guidelines are marketed is accountable for all its commercials, regardless of
who wrote, created, offered, or allotted them.
All of the subsequent are obligations and obligations of manufacturers at the time of software
EXCEPT
A - Change any wrong statement on the software with the aid of in my opinion initialing next to
the corrected announcement.
B - Explain the character and kind of any receipt the manufacturer is giving to the applicant.
C - Probe beyond the said questions if the manufacturer feels the applicant is misrepresenting
or concealing information.
D - Check to make certain that there aren't any unanswered questions on the application. -
ANS-A - Change any wrong declaration at the software through in my opinion initialing
subsequent to the corrected statement.
Any adjustments to records on an utility have to be initialed by the applicant.
All of the subsequent are requirements for manufacturer license renewal EXCEPT
A - Renewal costs.
B - Record of fingerprints.
C - Renewal exam.
, D - Continuing schooling. - ANS-C - Renewal exam.
In order to resume a manufacturer's license, right renewal bureaucracy need to be submitted,
followed by way of payment of the specified charges, and proof of the crowning glory of
continuing training. The Director may also require a producer to post a full set of fingerprints.
Producers do now not need to take any unique renewal tests.
All of the following statements regarding using lifestyles insurance as an Executive Bonus are
correct EXCEPT
A - Any type of insurance policy can be used.
B - The enterprise pays an advantage to a selected worker to fund the policy.
C - It is considered a nonqualified worker advantage.
D - The coverage is owned via the agency. - ANS-D - The policy is owned by the enterprise.
The coverage is owned through the employee.
An applicant wishes to buy a coverage that has a cash fee detail. Which kind ought to she
purchase?
A -Investment
B - Term
C - Permanent
D - Stock - ANS-C - Permanent
Unlike term coverage, permanent insurance affords lifetime death safety and a savings or coins
value option.
An insured gets a monthly precis for his life coverage coverage. He notices that the coins cost
of the policy is extensively lower this month than it was final month. What type of coverage does
the insured have?
A - Term
B - Securities
C - Stock
D - Variable - ANS-D - Variable
Variable lifestyles policies vary in price, as the name indicates, because the fee is primarily
based at the stocks that help the policy. If a policyholder desires a greater strong, dependable
fee, he/she need to invest in a hard and fast policy.
An insurer has placed a word on its advertising and marketing declaring that its policies are
blanketed through the Life and Disability Insurance Guaranty Fund. This practice is
