Primerica practice Study guides, Class notes & Summaries

Primerica Practice Exam Test A 75 Questions & Answers 2023 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 ...

Primerica Practice Test Part 1 With 100% Correct Answers 2023 An insured under a life insurance policy has been diagnosed with a terminal illness and has 6 months to live. The insured knows that his financial state will worsen even more with the upcoming medical expenses. What option could the insured utilize? a) Estate liquidation b) Nonpayment of premium c) Change of beneficiary d) Viatical settlement - Correct answer-d Which of the following best describes fixed-period settlement opt...

Which statement is FALSE concerning insurance company regulations? A.) Insurers may not advertise their membership in the Guarantee Association B.) An insurer suffering from an impairment of their minimum required paid-in capital is labeled solvent C.) The commissioner may begin conservation proceedings against companies who cannot meet solvency regulations D.) An insurer may be liquidated of conservation proves to be futile - Answer- An insurer suffering from an impairment of their minimu...

Primerica Pre-licensing Course Exam Practice Questions with 100% Correct Answers..Primerica Pre-licensing Course Exam Practice Questions with 100% Correct Answers..

Primerica Practice Exam 7 the purpose of laws regarding the replacement of life and annuity contracts includes all of the following except - to protect the interests of life insurance and their agents all of the following would fall under the category of an adverse underwriting decision except - failure of the agent to submit the application to an insurance company in order to obtain Group insurance without providing evidence of insurability what do eligible individuals generally hav...

Primerica Practice Test 2023/Primerica Practice Test 2023/Primerica Practice Test 2023/Primerica Practice Test 2023/Primerica Practice Test 2023

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. - 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. H...

Primerica Practice Test Part 1 An insured under a life insurance policy has been diagnosed with a terminal illness and has 6 months to live. The insured knows that his financial state will worsen even more with the upcoming medical expenses. What option could the insured utilize? a) Estate liquidation b) Nonpayment of premium c) Change of beneficiary d) Viatical settlement - d Which of the following best describes fixed-period settlement option? a) Only the principal amount will be ...