Primerica Life Insurance Test An example of an alien insurer doing business in this state is one formed under the laws of - ANSWER Mexico Partners in a business want to make sure that if - ANSWER Buy-Sell Agreement Ten years ago an insured purchased a life insurance policy designed to pay his family $500 - ANSWER Family income policy An agent delivers a policy to an applicant who pays the initial premium but refuses to submit - ANSWER Consideration 1 / 4
Life settlement contracts are out into effect by which of the following - ANSWER An absolute assignment A married couple wants to include the entire family in their whole life policy under one rider. Which of - ANSWER Family term Among people in the same class and life expectancy, which of the following factors can be used to influence premium rates? - ANSWER Occupation Which of the following NOT be eligible for coverage under key person - ANSWER The owner of the shop An aleatory contract is based on what kind of exchange - ANSWER Unequal exchanges of values 2 / 4
Under what circumstances will the contingent beneficiary receive the death benefit - ANSWER If the primary beneficiary dies before the insured Which of the following is NOT a component of an insurance policy premium - ANSWER Number of beneficiaries A warranty may relate to which of the following - ANSWER The past the present and the future will A college student will graduate next year. His studies have limited his ability to work, so he has borrowed funds to pay for his education - ANSWER Modified whole life A person has a history of DUIs. To his insurer, this presents what type of hazard - ANSWER Morale 3 / 4
Which of the following is not a type of hazard - ANSWER Exposure An applicant for a disability insurance policy has a heart condition of which they are unaware and therefore they ANSWERno to the question pertaining to heart problems on their application. Their ANSWERis considered to be a - ANSWER Representation Which of the following would be considered peril - ANSWER Fire Which of the following is NOT a standard exclusion in life insurance policies - ANSWER Disability Joe, age 63, was disabled and can no longer work. He meets the Social Security definition of total disability. How many work credits - ANSWER 40
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