PRIMERICA LIFE INSURANCE EXAM Q&A:
2026 STUDY GUIDE BUNDLED EXAMS
GRADED A+
◍ Partners in a business want to make sure that if. Ans: Buy-Sell
Agreement
◍ Ten years ago an insured purchased a life insurance policy
designed to pay his family $500. Ans: Family income policy
◍ An agent delivers a policy to an applicant who pays the initial
premium but refuses to submit. Ans: Consideration
◍ Life settlement contracts are out into effect by which of the
following. Ans: An absolute assignment
◍ A married couple wants to include the entire family in their whole
life policy under one rider. Which of. Ans: Family term
◍ Among people in the same class and life expectancy, which of the
following factors can be used to influence premium rates?. Ans:
Occupation
,◍ Which of the following NOT be eligible for coverage under key
person. Ans: The owner of the shop
◍ An aleatory contract is based on what kind of exchange. Ans:
Unequal exchanges of values
◍ Under what circumstances will the contingent beneficiary receive
the death benefit. Ans: If the primary beneficiary dies before the
insured
◍ Which of the following is NOT a component of an insurance
policy premium. Ans: Number of beneficiaries
◍ A warranty may relate to which of the following. Ans: The past
the present and the future will
◍ A college student will graduate next year. His studies have limited
his ability to work, so he has borrowed funds to pay for his education.
Ans: Modified whole life
◍ A person has a history of DUIs. To his insurer, this presents what
type of hazard. Ans: Morale
◍ Which of the following is not a type of hazard. Ans: Exposure
, ◍ An applicant for a disability insurance policy has a heart condition
of which they are unaware and therefore they answer no to the
question pertaining to heart problems on their application. Their
answer is considered to be a. Ans: Representation
◍ Which of the following would be considered peril. Ans: Fire
◍ Which of the following is NOT a standard exclusion in life
insurance policies. Ans: Disability
◍ Joe, age 63, was disabled and can no longer work. He meets the
Social Security definition of total disability. How many work credits.
Ans: 40
◍ To purchase insurance, The policy owner must face the possibility
of losing money or something of value in the event of loss. What is
this concept called?. Ans: Insurable interest
◍ When the owner of a participating whole life policy uses the
dividend to provide more life insurance coverage, which of the
following dividend options is being used?. Ans: Paid up additions
◍ When life insurance proceeds are used to pay inheritance taxes
and federal estate taxes, it is known as. Ans: Estate conservation
◍ The entire contract includes all of the following EXCEPT. Ans: A
buyers guide
, ◍ Concerning the Family Protection Policy, all of the following
statements are true EXCEPT. Ans: Children, upon reaching the age of
majority, are permitted to convert to an individual policy with proof of
insurability
◍ An insured bought an insurance policy that requires him to pay
$150 in premiums on the 15th of each month. He then takes an
extended vacation and forgets to pay the premium. Ans: Grace period
◍ the purpose of the Fair Credit Reporting Act is to. Ans: Protect
consumers against the circulation of inaccurate or obsolete personal or
financial information
◍ A life insurance policy qualifies a Modified Endowment Contract
(MEC) if the amount of premium paid exceeds the amount that would
have provided paid up insurance in how many years. Ans: 7 years
◍ Which of the following will be eligible for a tax sheltered annuity.
Ans: Public school teachers
◍ Which of the following best describes life annuity with period
certain option. Ans: It guarantees benefit payments for life of the
annuitant for a specified period for the beneficiary
◍ Slippery floors, reckless driving, or providing false information
are examples of... Ans: hazards
2026 STUDY GUIDE BUNDLED EXAMS
GRADED A+
◍ Partners in a business want to make sure that if. Ans: Buy-Sell
Agreement
◍ Ten years ago an insured purchased a life insurance policy
designed to pay his family $500. Ans: Family income policy
◍ An agent delivers a policy to an applicant who pays the initial
premium but refuses to submit. Ans: Consideration
◍ Life settlement contracts are out into effect by which of the
following. Ans: An absolute assignment
◍ A married couple wants to include the entire family in their whole
life policy under one rider. Which of. Ans: Family term
◍ Among people in the same class and life expectancy, which of the
following factors can be used to influence premium rates?. Ans:
Occupation
,◍ Which of the following NOT be eligible for coverage under key
person. Ans: The owner of the shop
◍ An aleatory contract is based on what kind of exchange. Ans:
Unequal exchanges of values
◍ Under what circumstances will the contingent beneficiary receive
the death benefit. Ans: If the primary beneficiary dies before the
insured
◍ Which of the following is NOT a component of an insurance
policy premium. Ans: Number of beneficiaries
◍ A warranty may relate to which of the following. Ans: The past
the present and the future will
◍ A college student will graduate next year. His studies have limited
his ability to work, so he has borrowed funds to pay for his education.
Ans: Modified whole life
◍ A person has a history of DUIs. To his insurer, this presents what
type of hazard. Ans: Morale
◍ Which of the following is not a type of hazard. Ans: Exposure
, ◍ An applicant for a disability insurance policy has a heart condition
of which they are unaware and therefore they answer no to the
question pertaining to heart problems on their application. Their
answer is considered to be a. Ans: Representation
◍ Which of the following would be considered peril. Ans: Fire
◍ Which of the following is NOT a standard exclusion in life
insurance policies. Ans: Disability
◍ Joe, age 63, was disabled and can no longer work. He meets the
Social Security definition of total disability. How many work credits.
Ans: 40
◍ To purchase insurance, The policy owner must face the possibility
of losing money or something of value in the event of loss. What is
this concept called?. Ans: Insurable interest
◍ When the owner of a participating whole life policy uses the
dividend to provide more life insurance coverage, which of the
following dividend options is being used?. Ans: Paid up additions
◍ When life insurance proceeds are used to pay inheritance taxes
and federal estate taxes, it is known as. Ans: Estate conservation
◍ The entire contract includes all of the following EXCEPT. Ans: A
buyers guide
, ◍ Concerning the Family Protection Policy, all of the following
statements are true EXCEPT. Ans: Children, upon reaching the age of
majority, are permitted to convert to an individual policy with proof of
insurability
◍ An insured bought an insurance policy that requires him to pay
$150 in premiums on the 15th of each month. He then takes an
extended vacation and forgets to pay the premium. Ans: Grace period
◍ the purpose of the Fair Credit Reporting Act is to. Ans: Protect
consumers against the circulation of inaccurate or obsolete personal or
financial information
◍ A life insurance policy qualifies a Modified Endowment Contract
(MEC) if the amount of premium paid exceeds the amount that would
have provided paid up insurance in how many years. Ans: 7 years
◍ Which of the following will be eligible for a tax sheltered annuity.
Ans: Public school teachers
◍ Which of the following best describes life annuity with period
certain option. Ans: It guarantees benefit payments for life of the
annuitant for a specified period for the beneficiary
◍ Slippery floors, reckless driving, or providing false information
are examples of... Ans: hazards
