Arizona Life and Health Insurance Exam | All Questions With 100% Verified Solutions | Latest & Graded A+
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Course
Arizona Life And Health Insurance
Institution
Arizona Life And Health Insurance
Arizona Life and Health Insurance Exam | All Questions With 100% Verified Solutions | Latest & Graded A+
Arizona life and health insurance exam |
Questions and answers with 100% correct
solutions | Graded A+
When the disclosure of an insured's nonpublic information is involved, what is the insu...
Arizona Life Insurance Exam | Questions and
answers with 100% correct solutions | 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 ✔✔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 ✔✔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 ✔✔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 ✔✔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 ✔✔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
1 assignment provision
2 conversion provision
3 certificate provision
4 modification provision ✔✔conversion provision
when the deferred annuity is surrendered, who must sign the authorization to do so
, owner
annuitant and beneficiary
annuitant
all parties involved ✔✔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 ✔✔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
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