Primerica-Life Insurance

Primerica Life Insurance State Exam RI-2024 Which risk classification is representative of the majority of people in a certain age group and with similar lifestyles? 1)Declined 2)Preferred 3)Standard 4)Substandard -Correct Ans-Standard A life insurance policy qualifies as a Modified Endowment Contract (MEC) if the amount of premium paid exceeds the amount that would have provided paid-up insurance in how many years? 1)3 yrs 2)5 yrs 3)7 yrs 4)The life of the policy -Correct Ans-7 ...

Primerica - Life Insurance Exam Correctively Answered What is insurance? -Correct Ans-Transfer of the possibility of loss (risk) to an insurance company. What is a risk? -Correct Ans-The uncertainty of financial loss There are two types of loss -Correct Ans-Pure and Speculative Which type of loss is insurable? -Correct Ans-Pure Why is Pure loss insurable? -Correct Ans-Loss must be financial and uncertain. No financial gain can occur. What causes loss? -Correct Ans-Peril; such as ...

PRIMERICA LIFE INSURANCE EXAM 2024 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 Ans-A. mutual funds not paid out after paying claims and other operating costs are returned to the policy owners in...

Primerica Life Insurance Exam 2023/ 194 Questions and Answers/Guaranteed Pass/Graded A+

Primerica Life Insurance Exam 2023/ 194 Questions and Answers/Guaranteed Pass/Graded A+

PRIMERICA LIFE INSURANCE EXAM Revised (2022/2023) 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 (answer) Answer : A. mutual

Primerica Life Insurance Exam Questions and Answers Already Passed

Primerica Life Insurance Study Questions and Answers 2023 (Verified Answers) Stranger-oriented life insurance policies are in direct opposition to the principle of a. law of large numbers b. good faith c. indemnity d. insurable interest d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it violates the principle of insurable interest Which is generally true regarding insureds who have earned preferred status? a. they ke...

Primerica Life Insurance Study Questions and Answers 2023 (Verified Answers) Stranger-oriented life insurance policies are in direct opposition to the principle of a. law of large numbers b. good faith c. indemnity d. insurable interest d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it violates the principle of insurable interest Which is generally true regarding insureds who have earned preferred status? a. they ke...

Primerica-Life Insurance Stranger-oriented life insurance policies are in direct opposition to the principle of a. law of large numbers b. good faith c. indemnity d. insurable interest Correct Answer: d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it violates the principle of insurable interest Which is generally true regarding insureds who have earned preferred status? a. they keep a higher percentage of any inte...