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Life Insurance Exam Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed- Arizona
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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...

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  • September 6, 2024
  • 83
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • life insurance exam questions 100 correct answ
  • a whole life policy that provides a choice of divi

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  • Life Insurance
  • Life Insurance

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2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!



Life Insurance Exam Questions & 100%
Correct Answers- Latest Test | Graded A+ |
Passed- Arizona
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




1|Page | Grade A+| 2024/2025

,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

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




2|Page | Grade A+| 2024/2025

,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

✓ -:- 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




3|Page | Grade A+| 2024/2025

, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

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



4|Page | Grade A+| 2024/2025

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