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ARIZONA LIFE INSURANCE EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 500 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) / ALREADY GRADED A+$17.99
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ARIZONA LIFE INSURANCE EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 500 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) / ALREADY GRADED A+
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ARIZONA LIFE INSURANCE
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ARIZONA LIFE INSURANCE
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Insurer failures : life/health insurer insolvencies and limitations of state guaranty funds
ARIZONA LIFE INSURANCE EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 500 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) / ALREADY GRADED A+
arizona life insurance exam 2024 actual exam 2 ver
arizona life insurance exam 2024
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ARIZONA LIFE INSURANCE EXAM 2024 ACTUAL EXAM 2
VERSIONS (VERSION A AND B) COMPLETE 500
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) / ALREADY GRADED A+
a whole life policy that provides a choice of dividend options include the following
statement about dividends
they accrue at a guaranteed rate
they are deferred for one year
they are not guaranteed
they are guaranteed after the first year - ANSWER: they are not guaranteed
When there is a named beneficiary on a life insurance policy, the death benefits
1. are directed to a trustee if the insured has any outstanding debts
2. are paid directly to the insured`s creditors, with any remaining balance forwarded
to the beneficiary
3. are paid directly to the beneficiary, minus any debt claims by the insured`s
creditors
4. are paid directly to the beneficiary without interference from the insured`s
creditors - ANSWER: are paid directly to the beneficiary without interference from
the insured`s creditors
What determines how much an annuitant is paid for a variable annuity
1. varies according to how many outstanding annuitant is paid for a variable annuity
2. payments fluctuate as annuitant gets older
3. the market value variations of the securities backing it
4. varies according to the insurers investments in its general account - ANSWER: the
market value variations of the securities backing it
a terminated employee has how many days upon termination to convert group life
insurance coverage to an individual policy
10 days
,15 days
30 days
31 days - ANSWER: 31 days
Rick owns a variable universal life insurance policy and chooses a variable death
benefit option. what will typically happen to the death benefit as a result of this
section
1. remain the same
2 decrease but never increase
3 increase but never decrease
4 fluctuate with changes in the cash amount - ANSWER: fluctuate with changes in
the cash amount
the policy provision that permits an employee to change from group life insurance to
an individual policy is called
when the deferred annuity is surrendered, who must sign the authorization to do so
owner
annuitant and beneficiary
annuitant
all parties involved - ANSWER: owner
Which of the following is NOT a valid contract exchange?
1. an annuity exchanged for a life insurance policy
2 an annuity exchanged for another annuity
,3 a life insurance policy exchanged for another life insurance policy
4 a life insurance policy exchanged for another annuity - ANSWER: an annuity
exchanged for a life insurance policy
which of these statements regarding the extended term insurance nonforfeiture
option in a life policy is accurate
evidence of insurability is required
coverage remains until death of the insured
the premium to purchase the coverage comes from the policy`s cash value
cash value will continue to grow - ANSWER: the premium to purchase the coverage
comes from the policy`s cash value
a life insurance policy that includes a return of premium rider will pay the beneficiary
how much upon the insured death
total premiums paid plus the policy face amount
face amount plus interest
interest acquired plus total premiums paid
face amount minus any outstanding loan balances - ANSWER: total premiums paid
plus the policy face amount
which of these is NOT considered the responsibility of a producer during the
underwriting process
collecting additional medical information if needed
promptly sending the completed application to the insurance company
forwarding any material personal observations to the insurer
selecting the final approval date - ANSWER: selecting the final approval date
which of the following is NOT guaranteed in a whole life policy
settlement options
nonforfeiture options
dividend scale
, policy loan values - ANSWER: dividend scale
all of these duties that a producer may be required to perform when delivering an
insurance policy EXCEPT
acquire a statement of good health signature
gather the initial premium
review policy with applicant
leave a conditional receipt with client - ANSWER: leave a conditional receipt with
client
laura added a children`s rider to her life insurance policy. what type of coverage was
added
level term
increasing term
decreasing term
juvenile term - ANSWER: level term
what would be the disadvantage of naming a trust as a beneficiary of a life insurance
policy
trusts cannot be formed for life insurance purposes
trust administrations fees would reduce policy proceeds
trusts cannot be used if a minor is the beneficiary
trustee must be a bank or brokerage - ANSWER: trust administrations fees would
reduce policy proceeds
what does a fixed life annuity offer protection against
inflation
premature death
inadequate retirement planning
savings depletion due to longevity - ANSWER: savings depletion due to longevity
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