PRIMERICA LIFE INSURANCE EVALUATION BANK 2026 COMPLETE ANSWERS GRADED A+

PRIMERICA LIFE INSURANCE EVALUATION
BANK 2026 COMPLETE ANSWERS GRADED
A+

⩥ Applicant or proposed insured.
Answer: a person applying for insurance


⩥ Beneficiary.
Answer: a person who receives the benefits of an insurance policy


⩥ Broker.
Answer: an insurance producer who is not appointed by an insurance
company and who represents the client


⩥ Death Benefit.
Answer: the amount paid upon the death of the insured in a life
insurance policy


⩥ Estate.
Answer: a person's Net Worth


⩥ Insurance policy.

, Answer: a contract between a policy owner (and/or insured) and an
insurance company which agrees to pay the insured or the beneficiary
for the loss caused by specific events


⩥ Insured.
Answer: A person covered by the insurance policy; may or may not be
the policy owner


⩥ Insurer (principle).
Answer: the company who issues an insurance policy


⩥ Lapse.
Answer: Policy termination due to nonpayment of premium


⩥ Life Insurance.
Answer: Coverage on human lives


⩥ Policy Owner.
Answer: The person entitled to exercise the rights and privileges in the
policy


⩥ Premium.