PRIMERICA 8

Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!

A Straight Life policy has what type of premium

a level annual premium for the life of the insured

Who is included in the definition of an agent

a producer who owns his own field office

What is a material misrepresentation

a statement by the applicant that wold affect the underwriting decision of the company

Which type of life insurance policy allows the policyowner to pay more or less than the planned premium?

universal life

In order for a nonresident licensee to become a resident producer in New York, the licensee must

apply within 90 days of becoming a resident

Which of the following would be the beneficiary in credit life insurance

creditor

Which of the following would NOT be considered an improper claims practice

denying a claim after proof of loss statements are completed by the insured

An agent selling variable annuities must be registered with

finra

Which statement regarding insurable risks is NOT correct

insureds cannot be randomly selected

Which of the following is NOT true regarding the Life with Guaranteed Minimum annuity settlement option

it does not guarantee the entire principal amount will be paid out

Which of the following is true about the premium on the children's rider in a life insurance policy

it remains the same no matter how many children are added to the policy

Which Universal Life option has a gradually increasing cash value and a level death benefit

option a

Which of the following riders would NOT cause the Death Benefit to increase

payor benefit

Who represents the insured in the investigating of a claim

public adjuster

To sell variable life insurance policies, an agent must receive all of the following EXCEPT

sec registration

All of the following are TRUE statements regarding the accumulation at interest option EXCEPT

the interest is not taxable since it remains inside the policy

Which of the following is NOT required on an illustration used in the sale of a life insurance policy

the name of the primary and secondary beneficiary

Which of the following best describes what the annuity period is?

the period of time during which accumulated money is turned into income payments

Which of the following is the best reason to purchase life insurance rather than annuities

to create an estate


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