Primerica Practice Exam Test A| 75 QUESTIONS| WITH COMPLETE SOLUTIONS
1. An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is called a: A. Single premium immediate annuity. B. Single premium deferred annuity. C. Level premium variable annuity. D. Flexible premium fixed annuity. correct answer: Single premium deferred annuity 2. A technique used to determine the amount of life insurance needed by focusing on the projected earning potential of an insured is called the: A. Needs approach. B. Future income option. C. Human life value approach. D. Life income approach. correct answer: Human life value approach 3. When replacing a policy the producer must present the applicant with a Notice Regarding Replacement of Life Insurance: A. At the policy delivery date. B. 7 days after the initial meeting. C. On the date the underwriter approves the policy. D. At the time of taking the application. correct answer: At the time of taking the application 4. The possibility of a financial loss incurred by a life insurance company for the premature death of an insured is known as a: A. Peril.
Escuela, estudio y materia
- Institución
- Liberty University
- Grado
- Primerica
Información del documento
- Subido en
- 8 de abril de 2023
- Número de páginas
- 15
- Escrito en
- 2022/2023
- Tipo
- Examen
- Contiene
- Preguntas y respuestas
Temas
-
primerica practice exam test a| 75 questions| with complete solutions
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