Exam (elaborations)
ARIZONA LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS
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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
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Institution
ARIZONA LIFE INSURANCE
Course
ARIZONA LIFE INSURANCE
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Written for
- Institution
- ARIZONA LIFE INSURANCE
- Course
- ARIZONA LIFE INSURANCE
Document information
- Uploaded on
- May 17, 2024
- Number of pages
- 49
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
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