Primerica Practice Test
Questions Latest
2025/2026 with Correct
Answers
1. The receipt given to a life insurance applicant when the application
is completed and the initial premium is received is called a(n)
- ANS - conditional receipt
2. Statements in the application for insurance that are believed to be
true to the best of the applicant's knowledge are called
- ANS - representations
3. An annuity is considered fixed when it does all of the following
EXCEPT
- ANS - provides the annuitant with an interest rate that is the
lesser of the guaranteed or current rate
4. The most common type of whole life insurance where premiums
are payable over the whole life of the insured to age 100 is called
- ANS - continuous premium (straight) life
, 5. The policy and a copy of the application, along with any riders and
amendments, is called the
- ANS - entire contract
6. Money borrowed from the policy's cash value is
- ANS - not taxable
7. Which of the following annuity products requires an agent to hold a
securities license?
- ANS - variable annuities
8. Which type of annuity settlement stops when the annuitant dies?
- ANS - life income annuity
9. At what age can a participant receive distributions from a qualified
plan without incurring a 10% penalty?
- ANS - 59.5
10. Which settlement option guarantees an income for 2 or more
recipients for as long as they live
- ANS - joint and survivor
11. 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?
- ANS - buy-sell agreement
Questions Latest
2025/2026 with Correct
Answers
1. The receipt given to a life insurance applicant when the application
is completed and the initial premium is received is called a(n)
- ANS - conditional receipt
2. Statements in the application for insurance that are believed to be
true to the best of the applicant's knowledge are called
- ANS - representations
3. An annuity is considered fixed when it does all of the following
EXCEPT
- ANS - provides the annuitant with an interest rate that is the
lesser of the guaranteed or current rate
4. The most common type of whole life insurance where premiums
are payable over the whole life of the insured to age 100 is called
- ANS - continuous premium (straight) life
, 5. The policy and a copy of the application, along with any riders and
amendments, is called the
- ANS - entire contract
6. Money borrowed from the policy's cash value is
- ANS - not taxable
7. Which of the following annuity products requires an agent to hold a
securities license?
- ANS - variable annuities
8. Which type of annuity settlement stops when the annuitant dies?
- ANS - life income annuity
9. At what age can a participant receive distributions from a qualified
plan without incurring a 10% penalty?
- ANS - 59.5
10. Which settlement option guarantees an income for 2 or more
recipients for as long as they live
- ANS - joint and survivor
11. 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?
- ANS - buy-sell agreement
