PRIMERICA LIFE INSURANCE TEST BANK 2026
QUESTIONS WITH CORRECT ANSWERS
GRADED A+
◉ Joe, Larry, and Curly own a small business. They have made a legal
arrangement which states that if one of them dies or becomes disabled,
the other two will be able to buy the partner's shares. Which term best
describes this arrangement? Answer: Business Continuation
◉ The responsibility of making certain that an application for insurance
is filled out completely, correctly, and to the best of his or her knowledge
is the responsibility of whom? Answer: the producer (agent)
◉ What is the purpose of the buyer's guide? Answer: To allow the
consumer to compare the costs of different policies
◉ Which of the following would NOT fall into the category of costs
associated with death? Answer: The expense of a vacation for surviving
family members
◉ Which is generally true regarding insureds who have been classified
as preferred risks? Answer: Their premiums are lower.
QUESTIONS WITH CORRECT ANSWERS
GRADED A+
◉ Joe, Larry, and Curly own a small business. They have made a legal
arrangement which states that if one of them dies or becomes disabled,
the other two will be able to buy the partner's shares. Which term best
describes this arrangement? Answer: Business Continuation
◉ The responsibility of making certain that an application for insurance
is filled out completely, correctly, and to the best of his or her knowledge
is the responsibility of whom? Answer: the producer (agent)
◉ What is the purpose of the buyer's guide? Answer: To allow the
consumer to compare the costs of different policies
◉ Which of the following would NOT fall into the category of costs
associated with death? Answer: The expense of a vacation for surviving
family members
◉ Which is generally true regarding insureds who have been classified
as preferred risks? Answer: Their premiums are lower.
