Arizona Life Insurance Exam Questions and Answers 100% Pass

Arizona Life Insurance Exam Questions and Answers 100% Pass 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 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 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 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 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