PRIMERICA 8
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