Primerica Insurance Exam Questions 100% Correct Answers New Update

Primerica Insurance Exam Questions 100% Correct Answers New Update What is the clause that describes the method of paying the death benefit in the event that the insured and beneficiary are both killed in the same accident? - Common Disaster Clause An insured purchased a variable life insurance policy with a face amount of $50,000. Over the life of the policy, stock performance declined and the the cash value fell to $10,000. If the insured dies how much will be paid out? - $50,000 An individual is purchasing a permanent life insurance policy with a face value of $25,000. While this is all the insurance that he can afford at this time, he wants to be sure that additional coverage will be available in the future. Which of the following options should be included in the policy? - Guaranteed insurability option B just bought a new car, which he anticipates will be paid for 4 years from now. He also wants to buy a life insurance policy, but is financially limited until the car is paid off. Which of the following types of policies would be best for B? - Modified Life Insurance agents licensed in this state must complete continuing education every 2 years by - The last day of the license's birth day 2 | P a g e Author: Katelyn Whitman. ©2025, All Rights Reserved. An insured owns a life insurance policy. To be able to pay some of her medical bills, she withdraws a portion of the policy's cash value. There is a limit for a withdrawal and the insurer charges a fee. What type of policy does the insured most likely have? - Universal Life Which of the following is TRUE regarding the accumulation period of an annuity? - It is a period during which the payments into the annuity grow tax deferred If a deferred annuity is surrendered prematurely, a surrender charge is imposed. How is the surrender charge determined? - It is a percentage of the cash value and decreases over time What type of premium do both Universal Life and Variable Universal Life policies have? - Flexible If an agent wishes to sell variable life policies, what license must the agent obtain? - Securities A Universal Life insurance policy has two types of interest rates that are called - Guaranteed and Current All of the following are characteristics of group life insurance EXCEPT - Premiums are determined by the age, sex and occupation of each individual certificate holder If a change needs to be made to the application for insurance, the agent may do all of the following EXCEPT - Erase the incorrect answer and record the correct answer 3 | P a g e Author: Katelyn Whitman. ©2025, All Rights Reserved. An insured receives an annual life insurance dividend check. What term best describes this arrangement? - Cash Option Which is true about a spouse term rider? - The rider is usually level term insurance Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT - Conditions Which of the following is TRUE regarding the insurance amount in credit life policy? - The creditor can only insure the debtor for the amount owed If a licensee is convicted of a criminal violation, the licensee's insurance license is - Automatically suspended The Commissioner must examine every domestic insurer at least once every - 5 years In North Carolina, the Commissioner serves a term of how many years? - 4 years Which is the primary source of information used for insurance underwriting? - Application