ARIZONA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS
(LATEST UPDATE 2025) VERIFIED ANSWERS
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 Answers ✅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 - Correct Answers ✅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 -
Correct Answers ✅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 - Correct Answers ✅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 - Correct Answers ✅fluctuate
with changes in the cash amount
(LATEST UPDATE 2025) VERIFIED ANSWERS
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 Answers ✅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 - Correct Answers ✅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 -
Correct Answers ✅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 - Correct Answers ✅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 - Correct Answers ✅fluctuate
with changes in the cash amount
