PRIMERICA 10

Before an adjuster license may be issued, an applicant must file a surety bond with the superintendent in the amount of

1,000

Which of the following would be an example of an insurer participating in the unfair trade practice of discrimination

charging the insured higher premium based on her race

J is receiving fixed amount benefit payments from his late wife's insurance policy. He was told that if he dies before all of the benefits are paid, the remaining amount will go to the contingent beneficiary. Which settlement option did J choose?

fixed amount

The family erm rider incorporates

spouse term and children term

What type of an interest rate is guaranteed in universal life policies

contract interest rate

Which of the following terms refers to the nontaxable portion of each annuity benefit payment

cost base

During the accumulation phase of a fixed annuity, the annuitants interest rate is based on a minimum rate as specified in the contract, or the current interest rate, whichever is

higher

An applicant for property insurance owns a building in which combustible materials are stored in the furnace room. From an underwriting standpoint, the risk would likely be considered a

morale hazard

Life insurance can provide which of the following

survivor protection

Which of the following riders pays a beneficiary a death benefit that is double or triple the face amount if the insureds death was caused by an accident as defined in the policy

an accidental death rider

To purchase insurance, the policy owner must face the possibility of losing money or something of value in the event of loss, what is this concept called

insurable interest

Which of the following statements is true regarding thrift plans

the employer contributes a certain amount for each dollar contributed by the employee

All of the following are true bout Group Life insurance EXCEPT

the employer is the beneficiary

What happens to the face amount of a whole life policy if the insured reaches the age of 100

the face amount is paid to the insured

Which of the following best describes pure life annuity

it provides the highest monthly benefit

Which of the following statements describes one of the reasons individuals purchase life insurance

it creates an immediate estate

Which of the following is NOT a component of an insurance policy premium

number of beneficiaries

Which of the following would not trigger the payment of accelerated death benefit

being permanently disabled

In credit life insurance, who is responsible for paying the premiums

borrower only

All of the following needs to be included on an application for life insurance EXCEPT

health insurance polices in force

When an insured terminates membership in the insured group, the insured can convert to

whole life without proof of insurability