PRIMERICA 14
In this state a temporary license may be issued for all of the following reasons EXCEPT
an agents retirement
What characteristic makes whole life permanent protection
coverage until death or age 100
Credit Life insurance
insures the life of a debtor
Which of the following best describes the aleatory nature of an insurance contract
exchange of unequal values
The person who, for compensation, solicits, negotiates, or offers to negotiate a life settlement contract is the
life settlement broker
In forming an insurance contract, when does acceptance usually occur?
when an insurers underwriter approves coverage
Which type of retirement account allows contributions to continue beyond age 70½ and does not force distributions to start at age 70½?
Roth IRA
All of the following statements are true regarding group insurance EXCEPT
participants in the policy each receive a policy
What type of insurance would be used for a Return of Premium rider
increasing term
Which of the following is true regarding the spendthrift clause in life insurance policies
it can protect the policy proceeds from creditors f the beneficiary
Variable Life insurance is based on what kind of premium
level fixed
Which of the following is NOT true regarding the Life with Guaranteed Minimum annuity settlement option?
it does not guarantee that the entire principal amount will be paid out
What is the name of a clause that is included in a policy that limits or eliminates the death benefit if the insured dies as a result of war or while serving in the military?
military service or war
According to the Insurance Frauds Prevention Act, will the person who suspects a fraudulent transaction be penalized for reporting it to the Superintendent
no, as long as the cat is reported in good faith
All of the following are characteristics of group life insurance EXCEPT
proceeds are determined by the age, sex, and occupation of each individual certificate holder
