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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+$18.19
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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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Course
ARIZONA LIFE INSURANCE 2024
Institution
ARIZONA LIFE INSURANCE 2024
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 VERSIONS
(VERSION A AND B) COMPLETE 500
QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT
ANSWERS) / ALREADY GRADED A+
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 section 1035 exchange
as a transfer
as a rollover
,as a section 1040 exchange - ....ANSWER...as a
section 1035 exchange
when would evidence of insurability be required for
a person already covered with a variable universal
life policy
when the premium is increased
when the policy has renewed
when the death benefit is increased
when policy is being converted to permanent
coverage - ....ANSWER...when the death benefit is
increased
which of these may NOT be deducted from premium
payments or the cash value of a variable life
insurance policy
mortality costs
,administrative charges
investment management fees
federal premium taxes - ....ANSWER...federal
premium taxes
a material change in a modified endowment contract
(MEC) results in
the contract becoming void
a new contestable period
the seven pay test, adjustable for cash value, applies
again
a tax penalty - ....ANSWER...the seven pay test,
adjustable for cash value, applies again
, which event triggers a deferred annuity to start
making benefit payments to the annuitant
when he owner dies
when the contracts cash value exceeds the cost
basis
when the contract is annuitized
cash surrender of the annuity - ....ANSWER...when
the contract is annuitized
A business becoming incorporated is an example of
risk ____.
eduction
severance
retention
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