ARIZONA LIFE INSURANCE UPDATED ACTUAL LATEST
QUESTIONS AND ANSWERS SURE A+
✔✔If group Health benefit levels are too high, what could be the end result? -
✔✔Overutilization of the plan
✔✔Which of these is typically regarded as a major treatment in an indemnity dental
plan? - ✔✔dentures
✔✔An example of an endodontic treatment is a - ✔✔Root canal
✔✔Under HIPAA requirements, eligibility for the pre-existing conditions exclusion
waiver under new coverage is lost if - ✔✔There is a break in coverage of more than 63
days
✔✔Under which marketing system do insurers solicit customers by mass media
advertising and mail without the services of an agent? - ✔✔direct response
✔✔Which of the following incidents would NOT be covered by an accidental death and
dismemberment policy? - ✔✔suicide
✔✔How does the cost for a survivorship life policy compare to the cost of combining two
separate life insurance policies?
Survivorship life policy is lower
Survivorship life policy is higher
Depends on the investment performance of the underlying accounts
Both have the same actuarial costs - ✔✔Survivorship life policy is lower
✔✔Which of these life insurance policies does NOT contain a cash value provision? -
✔✔decreasing term life
✔✔Which statement regarding whole life insurance is accurate - ✔✔Insurance coverage
can continue for life
✔✔Mike recently lost sight in both eyes. He has a policy that pays a lump sum benefit
for this injury. What type of insurance does Mike have? - ✔✔Accidental Death and
Dismemberment
✔✔Which provision makes the application part of the annuity contract? - ✔✔Entire
contract clause
✔✔Periodic health claim payments MUST be made at least - ✔✔monthly
, ✔✔Under the uniform mandatory provisions, an accident and health insurer has the
right to request an autopsy - ✔✔Only where not prohibited by law
✔✔Assets that back the non-guaranteed values of variable life insurance products are
held in which account? - ✔✔Separate account set up by the insurer
✔✔Jerome is covered by a disability income policy that does NOT provide benefits for
losses occurring as the result of his employment. What kind of coverage is this? -
✔✔Nonoccupational coverage
✔✔What typically changes at the re-entry option date found in some term life policies? -
✔✔premium
✔✔Which of the following is NOT subject to the promise to pay in an insuring clause? -
✔✔How the premium is calculated
✔✔According to the needs approach, an emergency reserve fund's primary purpose is
to - ✔✔pay for unexpected expenses
✔✔What would be a valid reason for naming a trust as the beneficiary of a life
insurance policy as opposed to naming an individual? - ✔✔Management of proceeds
would be provided
✔✔A whole life policy that provides a choice of dividend options must include the
following statement about dividends - ✔✔they are not guaranteed
✔✔Which of the following statements best describes a double indemnity provision in
travel accident insurance - ✔✔Benefits are doubled under certain circumstances stated
in the policy
✔✔In long-term care insurance, what is the length of time for which claims will be paid?
- ✔✔Benefit period
✔✔Which action will trigger a penalty tax on premature distributions from a modified
endowment contract (MEC)? - ✔✔Policy loans
✔✔Which of these is NOT a reason to buy a term life policy? - ✔✔To accumulate
savings
✔✔Where is the difference between a standard risk and a substandard risk reflected? -
✔✔Premium charges
QUESTIONS AND ANSWERS SURE A+
✔✔If group Health benefit levels are too high, what could be the end result? -
✔✔Overutilization of the plan
✔✔Which of these is typically regarded as a major treatment in an indemnity dental
plan? - ✔✔dentures
✔✔An example of an endodontic treatment is a - ✔✔Root canal
✔✔Under HIPAA requirements, eligibility for the pre-existing conditions exclusion
waiver under new coverage is lost if - ✔✔There is a break in coverage of more than 63
days
✔✔Under which marketing system do insurers solicit customers by mass media
advertising and mail without the services of an agent? - ✔✔direct response
✔✔Which of the following incidents would NOT be covered by an accidental death and
dismemberment policy? - ✔✔suicide
✔✔How does the cost for a survivorship life policy compare to the cost of combining two
separate life insurance policies?
Survivorship life policy is lower
Survivorship life policy is higher
Depends on the investment performance of the underlying accounts
Both have the same actuarial costs - ✔✔Survivorship life policy is lower
✔✔Which of these life insurance policies does NOT contain a cash value provision? -
✔✔decreasing term life
✔✔Which statement regarding whole life insurance is accurate - ✔✔Insurance coverage
can continue for life
✔✔Mike recently lost sight in both eyes. He has a policy that pays a lump sum benefit
for this injury. What type of insurance does Mike have? - ✔✔Accidental Death and
Dismemberment
✔✔Which provision makes the application part of the annuity contract? - ✔✔Entire
contract clause
✔✔Periodic health claim payments MUST be made at least - ✔✔monthly
, ✔✔Under the uniform mandatory provisions, an accident and health insurer has the
right to request an autopsy - ✔✔Only where not prohibited by law
✔✔Assets that back the non-guaranteed values of variable life insurance products are
held in which account? - ✔✔Separate account set up by the insurer
✔✔Jerome is covered by a disability income policy that does NOT provide benefits for
losses occurring as the result of his employment. What kind of coverage is this? -
✔✔Nonoccupational coverage
✔✔What typically changes at the re-entry option date found in some term life policies? -
✔✔premium
✔✔Which of the following is NOT subject to the promise to pay in an insuring clause? -
✔✔How the premium is calculated
✔✔According to the needs approach, an emergency reserve fund's primary purpose is
to - ✔✔pay for unexpected expenses
✔✔What would be a valid reason for naming a trust as the beneficiary of a life
insurance policy as opposed to naming an individual? - ✔✔Management of proceeds
would be provided
✔✔A whole life policy that provides a choice of dividend options must include the
following statement about dividends - ✔✔they are not guaranteed
✔✔Which of the following statements best describes a double indemnity provision in
travel accident insurance - ✔✔Benefits are doubled under certain circumstances stated
in the policy
✔✔In long-term care insurance, what is the length of time for which claims will be paid?
- ✔✔Benefit period
✔✔Which action will trigger a penalty tax on premature distributions from a modified
endowment contract (MEC)? - ✔✔Policy loans
✔✔Which of these is NOT a reason to buy a term life policy? - ✔✔To accumulate
savings
✔✔Where is the difference between a standard risk and a substandard risk reflected? -
✔✔Premium charges
