AZ LIFE INSURANCE EXAM 2024

AZ LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS -Secondary - correct answer A Contingent Beneficiary has the __________ right to collect an Insured's death benefit. -A uniform set of insurance regulations - correct answer What does the Producer Licensing Model Act (PLMA) provide? -A uniform set of insurance regulations -Disability income -A double payout -Private Life Maturity Assets -They are known for their very flexible payment terms - correct answer All but which of the following are true about Whole life insurance policies? -They are a traditional type of life insurance policy -They are more restrictive than adjustable policies -They are known for their very flexible payment terms -Each premium payment is the same -It is not easy to change the face amount -Contract - correct answer A life insurance Policy is a(n) __________________ that requires the Insurer to pay the Death Benefit of the policy to the policy Beneficiary when the insured dies.