Samenvattingen, Notities en Examens

Primerica Life Insurance Exam: 2023/ 2024 New Update (Questions and 100% Verified Answers) 1. A married couple owns a permanent policy which covers both of their lives and pays the benefit only upon the death of the first insured. Which policy is that? A. Survivorship Life Policy B. Second-to-Die C. Family income policy D. Joint life policy Answer: D. Joint life policy 2. An annuity owner is funding an annuity that will supplement her retirement. Because she does not...

1. The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Answer conditional receipt 2. Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called Answer representations 3. An annuity is considered fixed when it does all of the following EXCEPT Answer - provides the annuitant with an interest rate that is the lesser of the guaranteed or current rate...

PRIMERICA LIFE INSURANCE REAL EXAM 2023 VERIFIED ANSWERS|A GRADED| COMPLETE

PRIMERICA LIFE INSURANCE EXAM 2024| ACTUAL EXAM WITH REAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS| GRADED A+

PRIMERICA LIFE INSURANCE EXAM 2024| ACTUAL EXAM WITH REAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS| GRADED A+

PRIMERICA LIFE INSURANCE EXAM @ 2024...

PRIMERICA LIFE INSURANCE EXAM 2024| ACTUAL EXAM WITH REAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS| GRADED A+

PRIMERICA LIFE INSURANCE EXAM |194|questions with complete solution An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock Correct Answer-A. mutual funds not paid out after paying claims and other operating costs a...

Agent/Producer - ANSWER-A legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer 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 ...

Which of the following situations requires a person to be licensed? - ANSWER-Receive commissions The settlement option that would provide a beneficiary with the largest monthly income from a life insurance death benefit is called - ANSWER-Straight life Which of the following contains the company's promise to pay the benefits of a policy - ANSWER-Insuring clause The provision that allows an insurer to deduct premiums from the policy's cash value to prevent the policy from lapsing is a(...

The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) - ANSWER-Conditional receipt. Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called - ANSWER-Representations. All of the following apply to the waiver of premium rider EXCEPT - ANSWER-There is no charge for this provision. An annuity is considered fixed when it does all of the followin...

Insurable Receipt - ANSWER-The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Representations - ANSWER-Statements in the application for insurance that are believed to be true to the best of the applicants knowledge are Provide the annuitant with an interest rate that is lesser of the guaranteed or current rate - ANSWER-An annuity is considered fixed when it does all of the following EXCEPT Continuous Prem...