Primerica Practice test part 1
exam questions with
definitive answers
An insured under a life insurance policy has been diagnosed with a terminal illness
and has 6 months to live. The insured knows that his financial state will worsen
even more with the upcoming medical expenses. What option could the insured
utilize?
a) Estate liquidation
b) Nonpayment of premium
c) Change of beneficiary
d) Viatical settlement - Ans>>>d
, Which of the following best describes fixed-period settlement option?
a) Only the principal amount will be paid out within a specified period of time.
b) The death benefit must be paid out in a lump sum within a certain time period.
c) Income is guaranteed for the life of the beneficiary.
d) Both the principal and interest will be liquidated over a selected period of time.
- Ans>>>d
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?
a) Insurance Index
b) Policy Summary
c) Illustrations
d) Buyer's Guide - Ans>>>d
Which of the following is called a "second-to-die" policy?
a) Juvenile life
b) Joint life
c) Survivorship life
d) Family income - Ans>>>c
exam questions with
definitive answers
An insured under a life insurance policy has been diagnosed with a terminal illness
and has 6 months to live. The insured knows that his financial state will worsen
even more with the upcoming medical expenses. What option could the insured
utilize?
a) Estate liquidation
b) Nonpayment of premium
c) Change of beneficiary
d) Viatical settlement - Ans>>>d
, Which of the following best describes fixed-period settlement option?
a) Only the principal amount will be paid out within a specified period of time.
b) The death benefit must be paid out in a lump sum within a certain time period.
c) Income is guaranteed for the life of the beneficiary.
d) Both the principal and interest will be liquidated over a selected period of time.
- Ans>>>d
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?
a) Insurance Index
b) Policy Summary
c) Illustrations
d) Buyer's Guide - Ans>>>d
Which of the following is called a "second-to-die" policy?
a) Juvenile life
b) Joint life
c) Survivorship life
d) Family income - Ans>>>c
