Primerica Life Exam Simulator
Multiple Choices Questions
Latest 2025/2026 with Correct
Answers
1. Harry has just received his life insurance policy. In reviewing the
title page, Harry was able to ascertain the following information
EXCEPT
A. His spouse had been assigned the primary beneficiary
B. His children have been covered by a child rider
C. He had purchased a 20-year renewable term insurance policy
in the face amount of $150,000
D. His total annual premium
- ANS - A. His spouse had been assigned the primary
beneficiary
2. Which of the following settlement options in life insurance is
known as straight life?
A. Life with period certian
B. Fixed amount
C. Life income
D. Single life
- ANS - C. Life income
, 3. Under a 20-pay whole life policy, in order for the policy to pay the
death benefit to a beneficiary, the premiums must be paid
A. Until the policyowner's age 100, when the policy matures
B. For 20 years or until death, whichever occurs first
C. Until the policyowner reaches age 65
D. For at least 20 years
- ANS - B. For 20 years or until death, whichever comes first
4. What method is used to determine the taxable portion of each
annuity payment?
A. The excise ratio
B. The annuity to age ratio
C. The marginal tax formula
5. D., The exclusion ratio
- ANS - D. The exclusion ratio
6. Group life insurance is a single policy written to provide coverage
to members of a group. Which of the following statements
concerning group life is CORRECT?
A. Premiums are determined by age, occupation, and individual
underwriting
B. 100% participation of members is required in
noncontributory plans
C. Each member covered receives a policy
D. Coverage cannot be converted when an individual leave the
group
Multiple Choices Questions
Latest 2025/2026 with Correct
Answers
1. Harry has just received his life insurance policy. In reviewing the
title page, Harry was able to ascertain the following information
EXCEPT
A. His spouse had been assigned the primary beneficiary
B. His children have been covered by a child rider
C. He had purchased a 20-year renewable term insurance policy
in the face amount of $150,000
D. His total annual premium
- ANS - A. His spouse had been assigned the primary
beneficiary
2. Which of the following settlement options in life insurance is
known as straight life?
A. Life with period certian
B. Fixed amount
C. Life income
D. Single life
- ANS - C. Life income
, 3. Under a 20-pay whole life policy, in order for the policy to pay the
death benefit to a beneficiary, the premiums must be paid
A. Until the policyowner's age 100, when the policy matures
B. For 20 years or until death, whichever occurs first
C. Until the policyowner reaches age 65
D. For at least 20 years
- ANS - B. For 20 years or until death, whichever comes first
4. What method is used to determine the taxable portion of each
annuity payment?
A. The excise ratio
B. The annuity to age ratio
C. The marginal tax formula
5. D., The exclusion ratio
- ANS - D. The exclusion ratio
6. Group life insurance is a single policy written to provide coverage
to members of a group. Which of the following statements
concerning group life is CORRECT?
A. Premiums are determined by age, occupation, and individual
underwriting
B. 100% participation of members is required in
noncontributory plans
C. Each member covered receives a policy
D. Coverage cannot be converted when an individual leave the
group
