Deferred Annuity ✔✔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 ✔✔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 ✔✔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 ✔✔Is the uncertainty or chance of a loss occurring.
MIB (medical information bureau ✔✔MIB is a non profit trade organization which receives
adverse medical information from insurance companies and maintains confidential medical
impairment information on individuals
Primerica life insurance state exam
with actual questions & answers
latest update 2025 (graded A+)
