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