ARIZONA LIFE INSURANCE EXAM 2024 WITH 100% CORRECT 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 answer 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 answer 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