Rica practice test 1 Study guides, Class notes & Summaries

Primerica Practice Test Part 1 With Complete Solutions 100% 2024Primerica Practice Test Part 1 With Complete Solutions 100% 2024

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Primerica Practice test part 1 exam questions with 100% correct answers

Primerica Practice test part 1 | Questions and answers | Latest 2024/25

Primerica Practice test part 1 exam questions with 100% correct answers

An insured under a life insurance policy has been diagnosed with a terminal illness and has 6 months to live. The insured knows that his financial state will worsen even more with the upcoming medical expenses. What option could the insured utilize? a) Estate liquidation b) Nonpayment of premium c) Change of beneficiary d) Viatical settlement - ANSWER d Which of the following best describes fixed-period settlement option? a) Only the principal amount will be paid out within a specifie...

Primerica Practice Test 1. The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) conditional receipt 2. Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called representations 3. An annuity is considered fixed when it does all of the following EXCEPT provides the annuitant with an interest rate that is the lesser of the guaranteed or ...

Primerica Practice test part 1 exam questions with 100% correct answers..Primerica Practice test part 1 exam questions with 100% correct answers..

Primerica Practice test part 1 with Certified Solutions An insured under a life insurance policy has been diagnosed with a terminal illness and has 6 months to live. The insured knows that his financial state will worsen even more with the upcoming medical expenses. What option could the insured utilize? a) Estate liquidation b) Nonpayment of premium c) Change of beneficiary d) Viatical settlement d Which of the following best describes fixed-period settlement option? a) Only the principal...

Primerica Practice test part 1 with complete solutions