PRIMERICA LIFE INSURANCE ACTUAL
PAPER 2026 QUESTIONS WITH SOLUTIONS
GRADED A+
⩥ Accidental Death Benefits.
Answer: A policy rider that states that the cause of death will be
analyzed to determine if it complies with the policy description of
accidental death.
⩥ Accidental Death Insurance.
Answer: An insurance policy that provides payment if the insured's
death is the result of an accident.
⩥ Accumulation Period.
Answer: The time before an annuitant's retirement during which the
annuitant is making payments or investments in an annuity.
⩥ Actual Cash Value (ACV).
Answer: The required amount to pay damages or for property loss. This
amount is calculated based on the property's current replacement value
minus depreciation.
⩥ Adhesion.
,Answer: A contract offered on a "take-it-or leave-it" basis by an insurer,
in which the insured's only option is to either accept or reject the
contract. Any ambiguities in the contract will be settled in favor of the
insured
⩥ Adjustable Life.
Answer: Life insurance that permits changes in the face amount,
premium amount, period of protection, and the duration of the premium
payment period.
⩥ Adjuster.
Answer: A representative of an insurance company who investigates and
acts on the behalf of the company to obtain agreements for the amount
of the insurance claim.
⩥ Administrator.
Answer: An individual appointed by a court as a fiduciary to settle the
financial affairs and estate of a deceased person.
⩥ Admitted (Authorized) Insurer.
Answer: An insurance company authorized and licensed to transact
business in a particular state.
⩥ Adverse Selection.
,Answer: The tendency of risks with higher probability of loss to
purchase and maintain insurance more often than the risks who present
lower probability.
⩥ Agency.
Answer: An insurance sales office or company.
⩥ Agent.
Answer: An individual who is licensed to sell, negotiate, or effect
insurance contracts on behalf of the insurer.
⩥ Agent Appointment.
Answer: The authorization of an agent to act for or represent an insurer
⩥ Agent's Authority.
Answer: Special powers granted to an agent by his or her agency
contract.
⩥ Aleatory.
Answer: A contract in which participating parties exchange unequal
amounts. Insurance contracts are aleatory in that the amount the insured
will pay in premiums is unequal to the amount the insurer will pay in the
event of a loss.
, ⩥ Alien Insurer.
Answer: An insurance company that is incorporated outside the United
States.
⩥ Annual Statement.
Answer: A detailed financial report that an insurance company must
submit every year to the insurance department of state(s) in which it
conducts business.
⩥ Annuity.
Answer: A contract that provides income for a specified period of years,
or for life.
⩥ Apparent Authority.
Answer: The appearance or the assumption of authority based on the
actions, words, or deeds of the principal or because of circumstances the
principal created.
⩥ Applicant.
Answer: A person making application for, or offering himself, herself or
an other to be insured under an insurance contract.
⩥ Application.
PAPER 2026 QUESTIONS WITH SOLUTIONS
GRADED A+
⩥ Accidental Death Benefits.
Answer: A policy rider that states that the cause of death will be
analyzed to determine if it complies with the policy description of
accidental death.
⩥ Accidental Death Insurance.
Answer: An insurance policy that provides payment if the insured's
death is the result of an accident.
⩥ Accumulation Period.
Answer: The time before an annuitant's retirement during which the
annuitant is making payments or investments in an annuity.
⩥ Actual Cash Value (ACV).
Answer: The required amount to pay damages or for property loss. This
amount is calculated based on the property's current replacement value
minus depreciation.
⩥ Adhesion.
,Answer: A contract offered on a "take-it-or leave-it" basis by an insurer,
in which the insured's only option is to either accept or reject the
contract. Any ambiguities in the contract will be settled in favor of the
insured
⩥ Adjustable Life.
Answer: Life insurance that permits changes in the face amount,
premium amount, period of protection, and the duration of the premium
payment period.
⩥ Adjuster.
Answer: A representative of an insurance company who investigates and
acts on the behalf of the company to obtain agreements for the amount
of the insurance claim.
⩥ Administrator.
Answer: An individual appointed by a court as a fiduciary to settle the
financial affairs and estate of a deceased person.
⩥ Admitted (Authorized) Insurer.
Answer: An insurance company authorized and licensed to transact
business in a particular state.
⩥ Adverse Selection.
,Answer: The tendency of risks with higher probability of loss to
purchase and maintain insurance more often than the risks who present
lower probability.
⩥ Agency.
Answer: An insurance sales office or company.
⩥ Agent.
Answer: An individual who is licensed to sell, negotiate, or effect
insurance contracts on behalf of the insurer.
⩥ Agent Appointment.
Answer: The authorization of an agent to act for or represent an insurer
⩥ Agent's Authority.
Answer: Special powers granted to an agent by his or her agency
contract.
⩥ Aleatory.
Answer: A contract in which participating parties exchange unequal
amounts. Insurance contracts are aleatory in that the amount the insured
will pay in premiums is unequal to the amount the insurer will pay in the
event of a loss.
, ⩥ Alien Insurer.
Answer: An insurance company that is incorporated outside the United
States.
⩥ Annual Statement.
Answer: A detailed financial report that an insurance company must
submit every year to the insurance department of state(s) in which it
conducts business.
⩥ Annuity.
Answer: A contract that provides income for a specified period of years,
or for life.
⩥ Apparent Authority.
Answer: The appearance or the assumption of authority based on the
actions, words, or deeds of the principal or because of circumstances the
principal created.
⩥ Applicant.
Answer: A person making application for, or offering himself, herself or
an other to be insured under an insurance contract.
⩥ Application.
