Primerica Life Insurance Test Exam Questions (227 Terms) With Verified Definitions Updated 2024

A dentist is off work for 4 months due to a disability. His dental assistants salary would be covered by {Ans: Business Overhead Insurance}Annuities Certain limit the amount paid by the annuity to a certain fixed {Ans: Period or fixed amount.}Which of the following best describes life annuity with period certain option {Ans: It guarantees benefit payments for life of the annuitant for a specified period for the beneficiary}The provision that sets forth the basic agreement between the insurer and the insured {Ans: Insuring clause.}A whole life policy that will generate immediate cash value is a {Ans: Single premium policy}To purchase insurance, The policy owner must face the possibility of losing money or something of value in the event of loss. What is this concept called? {Ans: Insurable interest}