PRIMERICA EXAM 2025 WITH 100% ACCURATE
SOLUTIONS
The receipt given to a life insurance applicant when the application is completed and the initial premium
is received is called a(n) - ✅✅✅CORRECT -conditional receipt
Statements in the application for insurance that are believed to be true to the best of the applicant's
knowledge are called - ✅✅✅CORRECT -representations
An annuity is considered fixed when it does all of the following EXCEPT - ✅✅✅CORRECT -provides
the annuitant with an interest rate that is the lesser of the guaranteed or current rate
The most common type of whole life insurance where premiums are payable over the whole life of the
insured to age 100 is called - ✅✅✅CORRECT -continuous premium (straight) life
The policy and a copy of the application, along with any riders and amendments, is called the -
✅✅✅CORRECT -entire contract
Money borrowed from the policy's cash value is - ✅✅✅CORRECT -not taxable
Which of the following annuity products requires an agent to hold a securities license? -
✅✅✅CORRECT -variable annuities
Which type of annuity settlement stops when the annuitant dies? - ✅✅✅CORRECT -life income
annuity
At what age can a participant receive distributions from a qualified plan without incurring a 10%
penalty? - ✅✅✅CORRECT -59.5
Which settlement option guarantees an income for 2 or more recipients for as long as they live -
✅✅✅CORRECT -joint and survivor
, Two business partners own life insurance on each other. If one partner dies, which of the following
contracts will allow the surviving partner to use the death benefit to purchase the deceased's business
interests? - ✅✅✅CORRECT -buy-sell agreement
Which of the following would be considered a flexible premium policy? - ✅✅✅CORRECT -universal
life
If an annuitant dies during the accumulation period, what will the beneficiary receive? -
✅✅✅CORRECT -either the cash value or the premiums paid, whichever is greater
Any insurer who is NOT approved to do business in this state is considered - ✅✅✅CORRECT -
nonadmitted
To prevent people from profiting from a loss, insurers must be certain - ✅✅✅CORRECT -insurable
interest exists
If a misstatement of age is discovered during the processing of a life insurance claim, what will the
insurer do? - ✅✅✅CORRECT -adjusts the death benefit based on the premiums that were paid
Which of the following allows an insurance company to deny coverage if the insured's death occurs in a
war? - ✅✅✅CORRECT -policy exclusions
Each of the following is a typical characteristic of group life insurance EXCEPT - ✅✅✅CORRECT -
evidence of insurability is usually required
A life settlement opinion that pays out the death benefit incrementally, in a specified amount until all of
the proceeds are exhausted, is called - ✅✅✅CORRECT -fixed-amount installments
A life insurance death benefit paid in a lump sum to a beneficiary is - ✅✅✅CORRECT -not subject to
any taxes
SOLUTIONS
The receipt given to a life insurance applicant when the application is completed and the initial premium
is received is called a(n) - ✅✅✅CORRECT -conditional receipt
Statements in the application for insurance that are believed to be true to the best of the applicant's
knowledge are called - ✅✅✅CORRECT -representations
An annuity is considered fixed when it does all of the following EXCEPT - ✅✅✅CORRECT -provides
the annuitant with an interest rate that is the lesser of the guaranteed or current rate
The most common type of whole life insurance where premiums are payable over the whole life of the
insured to age 100 is called - ✅✅✅CORRECT -continuous premium (straight) life
The policy and a copy of the application, along with any riders and amendments, is called the -
✅✅✅CORRECT -entire contract
Money borrowed from the policy's cash value is - ✅✅✅CORRECT -not taxable
Which of the following annuity products requires an agent to hold a securities license? -
✅✅✅CORRECT -variable annuities
Which type of annuity settlement stops when the annuitant dies? - ✅✅✅CORRECT -life income
annuity
At what age can a participant receive distributions from a qualified plan without incurring a 10%
penalty? - ✅✅✅CORRECT -59.5
Which settlement option guarantees an income for 2 or more recipients for as long as they live -
✅✅✅CORRECT -joint and survivor
, Two business partners own life insurance on each other. If one partner dies, which of the following
contracts will allow the surviving partner to use the death benefit to purchase the deceased's business
interests? - ✅✅✅CORRECT -buy-sell agreement
Which of the following would be considered a flexible premium policy? - ✅✅✅CORRECT -universal
life
If an annuitant dies during the accumulation period, what will the beneficiary receive? -
✅✅✅CORRECT -either the cash value or the premiums paid, whichever is greater
Any insurer who is NOT approved to do business in this state is considered - ✅✅✅CORRECT -
nonadmitted
To prevent people from profiting from a loss, insurers must be certain - ✅✅✅CORRECT -insurable
interest exists
If a misstatement of age is discovered during the processing of a life insurance claim, what will the
insurer do? - ✅✅✅CORRECT -adjusts the death benefit based on the premiums that were paid
Which of the following allows an insurance company to deny coverage if the insured's death occurs in a
war? - ✅✅✅CORRECT -policy exclusions
Each of the following is a typical characteristic of group life insurance EXCEPT - ✅✅✅CORRECT -
evidence of insurability is usually required
A life settlement opinion that pays out the death benefit incrementally, in a specified amount until all of
the proceeds are exhausted, is called - ✅✅✅CORRECT -fixed-amount installments
A life insurance death benefit paid in a lump sum to a beneficiary is - ✅✅✅CORRECT -not subject to
any taxes
