PRIMERICA: TEXAS LIFE AGENT EXAM QUESTIONS

PDF Download

PRIMERICA: TEXAS LIFE AGENT EXAM QUESTIONS

Actual Qs and Ans - Expert-Verified Explanation -Guaranteed passing score -100 Questions and Answers

-Format: Multiple-choice / Flashcard

Question 1: Either the amount paid into the plan or the cash value of the plan, whichever is the greater amount.

Answer:

If an annuitant dies before annuitization occurs, what will the beneficiary receive?Question 2: It is a period during which the payments into the annuity grow tax deferred.

Answer:

Which of the following is TRUE regarding the accumulation period of an annuity?

Question 3: Insurance and cash account

Answer:

What are the two components of a universal policy?Question 4: The payable premium amount steadily declines throughout the duration of the contract.

Answer:

All of the following are true regarding a decreasing term policy EXCEPT...

Question 5: Considered true to the best of the applicant's knowledge.

Answer:

Representations are written or oral statements made by the applicant that are...

Question 6: lower

Answer:

The premium of a survivorship life insurance policy compared with that of a joint life policy would be...

Question 7: Premium receipt

Answer:

Most agents try to collect the initial premium for submission with the application. When an agent Coleccionista premium for the applicant, the agent should issue the applicant a...

Question 8: Medical information

Answer:

Which part of an insurance application will contain information regarding the cause of death of the applicants deceased relatives?

Question 9: Beneficiary's consent.

Answer:

An insurance contract must contain all of the following to be considered legally binding except...

Question 10: The annuitant assumes the risks on investment.

Answer:

Which of the following is TRUE regarding variable annuities?

Question 11: A level annual premium for the life of the insured.

Answer:

A straight life policy has what type of premium?

Question 12: Standard risk is representative of the majority of people.

Answer:

Which of the following statements is correct about a standard risk classification in the same age group and with similar lifestyles?

Question 13: The insurance company.

Answer:

Who bears all of the investment risk in a fixed annuity?

Question 14: Annually Renewable Term

Answer:

All other factors being equal, the least expensive first year premium payment is found in...

Question 15: Depends on the performance of a separate account.

Answer:

The death benefit in a variable universal life policy...

Question 16: What is the definition of a unilateral contract?

Answer:

One-sided: only one party makes an enforceable promise

Question 17: The beneficiary will receive the greater of the money paid until anybody or the cash value.

Answer:

The annuity owner dies while there anybody is still in the accumulation stage. Which of the following is true?Question 18: When the agent delivers the policy, collect the initial premium, and the applicant completes an acceptable statement of good health.

Answer:

An agent in an application for a life insurance policy fill out and sign the application. However, the applicant does not wish to give the agent the initial premium, and no conditional receipt is issued. When will coverage begin?

Question 19: Signed waiver of premium.

Answer:

Upon policy delivery, the producer may be required to obtain any of the following except...

Question 20: The beneficiary.

Answer:

If the annuitant dies during the accumulation., Who will receive the annuity benefits?

Question 21: Universal Life

Answer:

Which type of policies allows the policy owner to skip premium payments, provided that there is enough cash value in the policy to cover the premium amount?

Question 22: Medical background

Answer:

Which of the following information about the applicant is NOT included in the General Information section of the application for insurance?

Question 23: It would not occur in a deferred annuity

Answer:

Which of the following is not true regarding the accumulation period of an annuity?

Question 24: insurance

Answer:

What do individuals use to transfer their risk of loss to a larger group?

Question 25: Annuitization period

Answer:

In an annuity, the accumulated money is converted into a stream of income during which time period?

Question 26: It is level term insurance.

Answer:

Which of the following best describes annually renewable term insurance?

Question 27: Securities

Answer:

If an agent wishes to sell variable life policies, what must the agent obtain?

Question 28: As of the application date.

Answer:

The full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. When does the policy to cover it's become affective?