Arizona life insurance - Study guides, Class notes & Summaries

Beneficiary - ANSWER A person who receives the benefits of an insurance policy Death Benefit - ANSWER The amount paid upon the death of the insured in a life insurance policy Cash Value - ANSWER Equity amount accumulated in permanent life insurance Estate - ANSWER A person's net worth Illustrations - ANSWER Presentation or depiction of nonguaranteed elements of a life insurance policy Life Insurance - ANSWER Coverage on human lives

Regulations for variable insurance contracts are set by all of the following EXCEPT Securities and Exchange Commission Department of Insurance State securities authorities State attorney general's office - ANSWER State attorney general's office Which of the following is associated with an immediate annuity? Tax-free benefit payments Installment premium payments

FINAL EXAM - ARIZONA LIFE AND HEALTH QUESTIONS AND ANSWERS GRADED A Which of these is true regarding the exchange of consideration among parties involved in an insurance contract? Can be unequal The premiums paid by an employer for his employee's group life insurance are usually considered to be? Tax-deductible to the employer Kevin has an existing life insurance policy and assigns it to another insurer for a new contract. How would this transaction be treated for tax purposes? As a section ...

Arizona Life Insurance Exam - Life Insurance Basics Questions and Answers 100% Pass Beneficiary - Correct Answer ️️ -A person who receives the benefits of an insurance policy Death Benefit - Correct Answer ️️ -The amount paid upon the death of the insured in a life insurance policy Cash Value - Correct Answer ️️ -Equity amount accumulated in permanent life insurance Estate - Correct Answer ️️ -A person's net worth Illustrations - Correct Answer ️️ -Presentation or ...

Arizona Life Insurance Exam Questions and Answers 100% Pass 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 - Correct 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 outstandi...

Arizona Life Insurance Exam - General Insurance Questions and Answers Already Passed Agent/Producer Legal representative of an insurance company (classification of producer usually includes agents and brokers, agents are the agents of the insurer) Applicant (proposed insured) Person applying for insurance Broker Insurance producer not appointed by an insurer and is deemed to represent the client Insurance Policy Contract between a policyowner (and/or insured) and an insurance company which ag...

Arizona Life Insurance Exam - Life Insurance Basics Questions and Answers 100% Pass Beneficiary - Correct Answer ️️ -A person who receives the benefits of an insurance policy Death Benefit - Correct Answer ️️ -The amount paid upon the death of the insured in a life insurance policy Cash Value - Correct Answer ️️ -Equity amount accumulated in permanent life insurance Estate - Correct Answer ️️ -A person's net worth Illustrations - Correct Answer ️️ -Presentation or ...

Arizona Life Insurance Exam - Insurance Regulations Latest 2024 Graded A Cease and Desist To stop or discontinue Coercion Forceful act or threat aimed to influence a person to act against his or her will Commission Payment to the agent by the insurance company for placing insurance, usually a percentage of the policy premium Director The head of the state Department of Insurance Exempt Not subject to an obligation Home State A state in which an insurer is organized and has its main place of...

ARIZONA LIFE, ACCIDENT AND HEALTH OR SICKNESS INSURANCE PRODUCER #1333

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 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 f...