PRIMERICA LIFE INSURANCE EXAM
2024-2025. ALL QUESTIONS &
CORRECT VERIFIED ANSWERS.
GRADED A+
a 10% penalty must be paid on withdrawals made from a qualified plan before
age
a. 40
b. 70 1/2
c. 59 1/2
d. 65 - ANSC. 59 1/2
A father owns a life insurance policy on his 15-year-old daughter. The policy
contains the optional Payor Benefit rider. If the father becomes disabled, what
will happen to the life insurance premiums?
a. the insured will have to pay premiums for 6 months. If at the end of this period
the father is still disabled, the insured will be refunded the premiums
b. the insureds premiums will be waived until she is 21
c. the premiums will become tax deductible until the insureds 18th birthday
d. since it is the policyowner, and not the insured, who has become disabled, the
life insurance policy will not be affected - ANSB. the insureds premiums will be
waived until she is 21
,a long stretch of national economic hardship causes a 7% rate of inflation. A
policyowner notices that the face value of her life insurance policy has be raised
7% as a result. Which policy rider caused this change?
a. inflation rider
b. cost of living rider
c. value of adjustment rider
d. return of premium rider - ANSB. cost of living rider
the cost of living rider annually adjusts the policy's face vale in accordance with
the national rate of inflation or deflation. This rider adjusts the face amount of the
policy to correspond with the rate of inflation, in order to keep the initial value of
the policy constant over time
a Louisiana insurance company ran and advertisement in June 2008. When could
the company discard the file on this document?
a. June 2013
b. June 2012
c. June 2011
d. June 2009 - ANSB. June 2012
in Louisiana, insurance companies are required to keep files of all advertisements
used for 4 years, or until he next examination by the Department
,A man decided to purchase a $100,000 Annually Renewable Term Life policy to
provide additional protection until his children finished college. He discovered
that his policy
a. required a premium increase each renewal
b. built cash value
c. required proof of insurability ever year
d. decreased death benefit each renewal - ANSA. required a premium increase
each renewal
annually renewable term policies premiums are adjusted each year to the
insured's attained age, however, the policy may be guaranteed renewable. Death
benefits remain level, and switch any term policy, there are no cash values
a participating insurance policy may do which of the following?
a. require 80% participation
b. pay dividends to the policyowner
c. provide group coverage
d. pay dividends to the stockholder - ANSB. pay dividends to the policyowner
a policy that insures 2 or more lives and pays on the death of the last insured is
a. joint life
b. group life
, c. survivorship life
d. family protection ife - ANSC. survivorship life
a producer agent must do all of the following when delivering a new policy to the
insured EXCEPT
a. disclose commissions earned from the sale of the policy
b. explain the policy provisions, riders, and exclusions
c. collect any premium due
d. explain the rating procedures if the policy is rated differently than applied for -
ANSA. disclose commissions earned fro the sale of the policy
a producer must explain policy provisions, exclusions, and riders at the time of the
delivery, as well as the rating procedures especially if the policy is rated
differently than applied for. The producer must also collect any due premium and
have the insured sign the statement go continued good health
A producer has been notified by the Commissioner to stop using an unapproved
trade name. How many days does the producer have to change the trade name
before facing a fine?
a. 5 business days
b. 10 days
c. 30 days
d. the name must be changed immediately - ANSB. 10 days
2024-2025. ALL QUESTIONS &
CORRECT VERIFIED ANSWERS.
GRADED A+
a 10% penalty must be paid on withdrawals made from a qualified plan before
age
a. 40
b. 70 1/2
c. 59 1/2
d. 65 - ANSC. 59 1/2
A father owns a life insurance policy on his 15-year-old daughter. The policy
contains the optional Payor Benefit rider. If the father becomes disabled, what
will happen to the life insurance premiums?
a. the insured will have to pay premiums for 6 months. If at the end of this period
the father is still disabled, the insured will be refunded the premiums
b. the insureds premiums will be waived until she is 21
c. the premiums will become tax deductible until the insureds 18th birthday
d. since it is the policyowner, and not the insured, who has become disabled, the
life insurance policy will not be affected - ANSB. the insureds premiums will be
waived until she is 21
,a long stretch of national economic hardship causes a 7% rate of inflation. A
policyowner notices that the face value of her life insurance policy has be raised
7% as a result. Which policy rider caused this change?
a. inflation rider
b. cost of living rider
c. value of adjustment rider
d. return of premium rider - ANSB. cost of living rider
the cost of living rider annually adjusts the policy's face vale in accordance with
the national rate of inflation or deflation. This rider adjusts the face amount of the
policy to correspond with the rate of inflation, in order to keep the initial value of
the policy constant over time
a Louisiana insurance company ran and advertisement in June 2008. When could
the company discard the file on this document?
a. June 2013
b. June 2012
c. June 2011
d. June 2009 - ANSB. June 2012
in Louisiana, insurance companies are required to keep files of all advertisements
used for 4 years, or until he next examination by the Department
,A man decided to purchase a $100,000 Annually Renewable Term Life policy to
provide additional protection until his children finished college. He discovered
that his policy
a. required a premium increase each renewal
b. built cash value
c. required proof of insurability ever year
d. decreased death benefit each renewal - ANSA. required a premium increase
each renewal
annually renewable term policies premiums are adjusted each year to the
insured's attained age, however, the policy may be guaranteed renewable. Death
benefits remain level, and switch any term policy, there are no cash values
a participating insurance policy may do which of the following?
a. require 80% participation
b. pay dividends to the policyowner
c. provide group coverage
d. pay dividends to the stockholder - ANSB. pay dividends to the policyowner
a policy that insures 2 or more lives and pays on the death of the last insured is
a. joint life
b. group life
, c. survivorship life
d. family protection ife - ANSC. survivorship life
a producer agent must do all of the following when delivering a new policy to the
insured EXCEPT
a. disclose commissions earned from the sale of the policy
b. explain the policy provisions, riders, and exclusions
c. collect any premium due
d. explain the rating procedures if the policy is rated differently than applied for -
ANSA. disclose commissions earned fro the sale of the policy
a producer must explain policy provisions, exclusions, and riders at the time of the
delivery, as well as the rating procedures especially if the policy is rated
differently than applied for. The producer must also collect any due premium and
have the insured sign the statement go continued good health
A producer has been notified by the Commissioner to stop using an unapproved
trade name. How many days does the producer have to change the trade name
before facing a fine?
a. 5 business days
b. 10 days
c. 30 days
d. the name must be changed immediately - ANSB. 10 days
