Primerica Life Insurance State Tests Compilation Bundle $50.45 Add To Cart
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The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) correct answer: condi... [Show More]
Primerica Practice Test Part 1 QUESTIONS WITH COMPLETE SOLUTIONS 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, ... [Show More]
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. Si... [Show More]
Risk correct answer: uncertainty of a financial loss; 2 types Two typed of risks correct answer: Pure (Insurable) and speculative (uninsurable) Ben... [Show More]
A person who does not lock the doors or does not repair leaks shows an indifferent attitude. This person presents what type of hazard? correct answer: Mor... [Show More]
Any insurance agent who engages in the insurance business and violates the Code with respect to insurance replacement shall on the first violation correct ... [Show More]
Which of the following annuity riders ensures that the owner will receive from an annuity at least the amount paid for the annuity? correct answer: Guaran... [Show More]
All of the following are true regarding a qualified annuity EXCEPT correct answer: At distribution, all amounts received by the employee are tax free. ... [Show More]
If the agent fails to obtain an applicant's signature on the application, the agent must: a) Sign the application, stating it was by the agent b) Send th... [Show More]
An individual is purchasing a permanent life insurance with a face value of $25,000. While this is all the insurance that he can afford at this time, he wa... [Show More]
An insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants ... [Show More]
What limits the amount that a policyowner may borrow from a whole life insurance policy? correct answer: Cash value What is NOT true about a joint and ... [Show More]
A rider that may be attached to a life insurance policy that will adjust the face amount based upon a specific index, such as the Consumer Price Index, is ... [Show More]
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 ... [Show More]
Every licensee must indicate on which of the following documents his or her license number? a. Print advertisements b. Business Cards c. Written Pric... [Show More]
If an insurer meets the state's financial requirements and is approved to transact business in the state, it is considered to be correct answer: Authorize... [Show More]
Agent/Producer correct answer: A legal representative of an insurance company; the classification of -producer- usually includes agents and brokers; agent... [Show More]
401 k plan correct answer: A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute... [Show More]
The McCarran Act stated that the federal government would not regulate insurance as long as an adequate job of regulating the industry was done by the: ... [Show More]
A father purchases a life insurance policy on his teenage daughter and adds the Payor Benefit rider. In which of the following scenarios will the rider wai... [Show More]
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