Primerica Practice Exam Version B, Questions with accurate answers. Graded A+. 2022/2023

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Primerica Practice Exam Version B, Questions with accurate answers. Graded A+. 2022/2023 The annuity income amount is based on whose life? - ✔✔Annuitant An injured party to a contract is a... ble to rescind contract for - ✔✔Unintentional concealment A whole life policy that will generate immediate cash value is - ✔✔Single Premium Which statement is TRUE regarding long-term care training in California? - ✔✔Training is not required if the rider does not provide services To be fully insured by Social Security, a worker must have how many quarters of coverage? - ✔✔40 The Commissioner may suspend an applicant's license without a hearing if the applicant has had another professional license suspended or revoked within what maximum time period? - ✔✔5 years Group life insurance is written - ✔✔With a master contract The right to a full refund of premiums for insured under age 60 is - ✔✔10 days Which annuity settlement stops when the annuitant dies? - ✔✔Life annuity The waiver of premium rider allows an insurance company to - ✔✔Waive premiums if the insured becomes totally disabled All of the following are true about the California Insurance Commissioner EXCEPT - ✔✔Selected by the Governor as an appointee The policy that pays a monthly income to the beneficiary for a stated period of time and pays the face amount at the end of that period is - ✔✔Family Maintenance policy Installing smoke detectors in your home would be an example of risk - ✔✔Reduction Which element is NOT required to be identified in every insurance contract? - ✔✔Insurer financial rating What type of insurance is frequently used in group life plans? - ✔✔Annual renewable term Which statement about a renewable term policy is TRUE? - ✔✔It is renewable at the option of the insured without proof of insurability Which rider may provide a monthly benefit to an insured? - ✔✔Disability Income The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) - ✔✔Conditional receipt Which of these is NOT an example of insurable interest? - ✔✔A railroad insuring the lives of its passengers How many hours of continuing education are required per renewal for a life-only a producer? - ✔✔24 hours, 3 of the hours must be in ethics If a policy does not have a free look period, when must a producer provide a consumer with a Buyer's guide? - ✔✔Prior to accepting the applicant's initial premium Which of the following components increases in the Jumping Juvenile policy? - ✔✔Face amount [Show More]

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