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