Primerica Life Insurance Test
Primerica Life Insurance Test Questions and
Answers
Question 1
An example of an alien insurer doing business in this state is one formed under the
laws of
Correct Answer
Mexico
Question 2
Partners in a business want to make sure that if
Correct Answer
Buy-Sell Agreement
Question 3
Ten years ago an insured purchased a life insurance policy designed to pay his family
$500
Correct Answer
Family income policy
Question 4
An agent delivers a policy to an applicant who pays the initial premium but refuses to
submit
Correct Answer
Consideration
Page 1 of 46
, Primerica Life Insurance Test
Question 5
Life settlement contracts are out into effect by which of the following
Correct Answer
An absolute assignment
Question 6
A married couple wants to include the entire family in their whole life policy under
one rider. Which of
Correct Answer
Family term
Question 7
Among people in the same class and life expectancy, which of the following factors
can be used to influence premium rates?
Correct Answer
Occupation
Question 8
Which of the following NOT be eligible for coverage under key person
Correct Answer
The owner of the shop
Question 9
An aleatory contract is based on what kind of exchange
Correct Answer
Unequal exchanges of values
Page 2 of 46
, Primerica Life Insurance Test
Question 10
Under what circumstances will the contingent beneficiary receive the death benefit
Correct Answer
If the primary beneficiary dies before the insured
Question 11
Which of the following is NOT a component of an insurance policy premium
Correct Answer
Number of beneficiaries
Question 12
A warranty may relate to which of the following
Correct Answer
The past the present and the future will
Question 13
A college student will graduate next year. His studies have limited his ability to work,
so he has borrowed funds to pay for his education
Correct Answer
Modified whole life
Question 14
A person has a history of DUIs. To his insurer, this presents what type of hazard
Correct Answer
Morale
Question 15
Which of the following is not a type of hazard
Correct Answer
Exposure
Page 3 of 46
, Primerica Life Insurance Test
Question 16
An applicant for a disability insurance policy has a heart condition of which they are
unaware and therefore they answer no to the question pertaining to heart problems
on their application. Their answer is considered to be a
Correct Answer
Representation
Question 17
Which of the following would be considered peril
Correct Answer
Fire
Question 18
Which of the following is NOT a standard exclusion in life insurance policies
Correct Answer
Disability
Question 19
Joe, age 63, was disabled and can no longer work. He meets the Social Security
definition of total disability. How many work credits
Correct Answer
40
Question 20
To purchase insurance, The policy owner must face the possibility of losing money or
something of value in the event of loss. What is this concept called?
Correct Answer
Insurable interest
Page 4 of 46
Primerica Life Insurance Test Questions and
Answers
Question 1
An example of an alien insurer doing business in this state is one formed under the
laws of
Correct Answer
Mexico
Question 2
Partners in a business want to make sure that if
Correct Answer
Buy-Sell Agreement
Question 3
Ten years ago an insured purchased a life insurance policy designed to pay his family
$500
Correct Answer
Family income policy
Question 4
An agent delivers a policy to an applicant who pays the initial premium but refuses to
submit
Correct Answer
Consideration
Page 1 of 46
, Primerica Life Insurance Test
Question 5
Life settlement contracts are out into effect by which of the following
Correct Answer
An absolute assignment
Question 6
A married couple wants to include the entire family in their whole life policy under
one rider. Which of
Correct Answer
Family term
Question 7
Among people in the same class and life expectancy, which of the following factors
can be used to influence premium rates?
Correct Answer
Occupation
Question 8
Which of the following NOT be eligible for coverage under key person
Correct Answer
The owner of the shop
Question 9
An aleatory contract is based on what kind of exchange
Correct Answer
Unequal exchanges of values
Page 2 of 46
, Primerica Life Insurance Test
Question 10
Under what circumstances will the contingent beneficiary receive the death benefit
Correct Answer
If the primary beneficiary dies before the insured
Question 11
Which of the following is NOT a component of an insurance policy premium
Correct Answer
Number of beneficiaries
Question 12
A warranty may relate to which of the following
Correct Answer
The past the present and the future will
Question 13
A college student will graduate next year. His studies have limited his ability to work,
so he has borrowed funds to pay for his education
Correct Answer
Modified whole life
Question 14
A person has a history of DUIs. To his insurer, this presents what type of hazard
Correct Answer
Morale
Question 15
Which of the following is not a type of hazard
Correct Answer
Exposure
Page 3 of 46
, Primerica Life Insurance Test
Question 16
An applicant for a disability insurance policy has a heart condition of which they are
unaware and therefore they answer no to the question pertaining to heart problems
on their application. Their answer is considered to be a
Correct Answer
Representation
Question 17
Which of the following would be considered peril
Correct Answer
Fire
Question 18
Which of the following is NOT a standard exclusion in life insurance policies
Correct Answer
Disability
Question 19
Joe, age 63, was disabled and can no longer work. He meets the Social Security
definition of total disability. How many work credits
Correct Answer
40
Question 20
To purchase insurance, The policy owner must face the possibility of losing money or
something of value in the event of loss. What is this concept called?
Correct Answer
Insurable interest
Page 4 of 46
