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Primerica LIFE INSURANCE Practice Test (BUNDLED ALL TOGETHER )PRIMERICA LIFE INSURANCE EXAM WITH 100% CORRECT ANSWERS
ALL YOU NEED
[Meer zien]ALL YOU NEED
[Meer zien]1.	Deferred Annuity 
Answer An annuity in which the income payments begin sometime after one year from the date of red annuities can be funded with a single lump sum payment so it is referred to as a single premium differed annuities. 
2.	Human life values approach 
Answer Calculates an individual'...
Voorbeeld 2 van de 5 pagina's
In winkelwagen1.	Deferred Annuity 
Answer An annuity in which the income payments begin sometime after one year from the date of red annuities can be funded with a single lump sum payment so it is referred to as a single premium differed annuities. 
2.	Human life values approach 
Answer Calculates an individual'...
1.	the purpose of laws regarding the replacement of life and annuity contracts includes all of the following except 
Answer to protect the interests of life insurance and their agents 
2.	all of the following would fall under the category of an adverse underwriting decision except 
Answer failure of...
Voorbeeld 2 van de 14 pagina's
In winkelwagen1.	the purpose of laws regarding the replacement of life and annuity contracts includes all of the following except 
Answer to protect the interests of life insurance and their agents 
2.	all of the following would fall under the category of an adverse underwriting decision except 
Answer failure of...
1.	Risk: uncertainty of a financial loss; 2 types 
2.	Two typed of risks: Pure (Insurable) and speculative (uninsurable) 
3.	Benefits of purchasing insurance?: You get to transfer financial risk left after passing to insurance company 
4.	Law of large numbers: the larger the size of the group the mo...
Voorbeeld 2 van de 13 pagina's
In winkelwagen1.	Risk: uncertainty of a financial loss; 2 types 
2.	Two typed of risks: Pure (Insurable) and speculative (uninsurable) 
3.	Benefits of purchasing insurance?: You get to transfer financial risk left after passing to insurance company 
4.	Law of large numbers: the larger the size of the group the mo...
1.	Which law is the foundation of statistical prediction of loss upon which rates for insurance are calculated? 
A)	Law of Group Evaluation 
B)	Law of Large Numbers 
C)	Law of Masses 
D)	Law of Averages 
Answer : B) Law of Large Numbers 
2.	A producer who fails to segregate premium monies from his o...
Voorbeeld 3 van de 26 pagina's
In winkelwagen1.	Which law is the foundation of statistical prediction of loss upon which rates for insurance are calculated? 
A)	Law of Group Evaluation 
B)	Law of Large Numbers 
C)	Law of Masses 
D)	Law of Averages 
Answer : B) Law of Large Numbers 
2.	A producer who fails to segregate premium monies from his o...
1.	Buyer's Guide 
ANS Which of the following is a generic consumer publication that explains life insurance in general terms in order to assist the applicant in the decision making process? 
2.	Respond to the consumers complaint. 
ANS Under the fair credit reporting act, if the consumer to challeng...
Voorbeeld 4 van de 32 pagina's
In winkelwagen1.	Buyer's Guide 
ANS Which of the following is a generic consumer publication that explains life insurance in general terms in order to assist the applicant in the decision making process? 
2.	Respond to the consumers complaint. 
ANS Under the fair credit reporting act, if the consumer to challeng...
1x verkocht
1.	The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) 
Answer conditional receipt 
2.	Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called 
Answe...
Voorbeeld 2 van de 9 pagina's
In winkelwagen1.	The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) 
Answer conditional receipt 
2.	Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called 
Answe...
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