Primerica life insurance state exam:
Questions & Answers
Deferred Annuity (Ans- An annuity in which the income payments begin sometime after one year from the date of purchase.deferred annuities can be funded with a single lump sum payment so it is referred to as a single premium differed annuities.
Human life values approach (Ans- Calculates an individual's life value by looking at the insureds future wages, inflation, the number of years to retirement, and the time value of money.
What time must the producer present the applicant with a notice regarding replacement of life insurance (Ans- Producers must present to the applicant a notice regarding replacement that is signed by both the applicant and the producer. A copy must be left with the applicant.
Risk (Ans- Is the uncertainty or chance of a loss occurring.
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