Primerica Life Insurance Study guides, Class notes & Summaries

Primerica Practice Exam Questions With Verified Answers An applicant who is visually impaired has what type of hazard? - answerPhysical What information is NOT required prior to making a recommendation for the purchase of an annuity? - answerHealth status When assessing a consumer's need for life insurance by focusing on an individual's future stream of income, the producer is using the - answerHuman life value approach The administrative penalty for an insurer's first violation of the...

Primerica Life Insurance In Person Class Exam Questions With Verified Answers What is a provision? - answerDefine the standard characteristics of all policies. No need to add these items, it usually comes with the policy Entire Contract - answerThink R.A.P., this is what it includes R- Riders A- Application P- Policy This is a legal contract and can not be changed unless both parties agree to the change. Tip: Buyer's Guide - Illustrations - Policy Summary are required but not apart of ...

Primerica Chapter 3: Life insurance policies Exam Questions With Verified Answers Attained Age - answerInsured's age at the time the policy is issued or renewed. Deferred - answerWitheld or postponed until a specific time or event in the future. Endow - answerto have cash value of a whole life policy reach the contractural face amount. Face Amount - answerThe amount of benefit stated in the LIP. Fixed Life Insurance Products - answercontracts that offer guaranteed minimum or fixed benefi...

Primerica life insurance License chapter 2 Exam Questions With Verified Answers Attained age - answerthe insured's age at the time the policy is issued or renewed cash value - answerA policy's savings element or living benefit face amount - answerthe amount of benefit stated in the life insurance fixed life insurance - answercontracts that offer guaranteed minimum or fixed benefits deferred - answerwithheld or postponed until a specified time or event in the future Endow - answerthe cas...

Primerica Guarantee Test Questions And Answers Fully Verified Guaranteeing future dividends is considered to be an unfair or deceptive act known as - answerTwisting 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 - answerRepresentation. If the Insurance Commissioner believes that an insurer has engaged in an unfair ...

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 are returned to the policy owners in the form of a dividend. if all ...

Primerica Life Insurance Exam (1).

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Primerica - Life Insurance Exam

Primerica Life Insurance State Exam RI