Arizona Life Insurance Exam 300 Questions and Answers

Arizona Life Insurance Exam 300 Questions
and Answers




Practice questions for this set

Terms in this set (130)

,a whole life policy that they are not guaranteed
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

,When there is a named are paid directly to the beneficiary without interference
beneficiary on a life from the insured`s creditors

insurance policy, the death
benefits


1. are directed to a
trusteeif the insured has
any outstanding debts


2. are paid directly to
theinsured`s creditors,
with any remaining
balance forwarded to the
beneficiary


3. are paid directly to
thebeneficiary, minus any
debt claims by the
insured`s creditors


4. are paid directly to
thebeneficiary without
interference from the
insured`s creditors

, What determines how the market value variations of the securities backing it
much an annuitant is paid
for a variable annuity


1. varies according to
howmany outstanding
annuitant is paid for a
variable annuity


2. payments fluctuate
asannuitant gets older


3. the market
valuevariations of the
securities backing it


4. varies according to
theinsurers investments in
its general account
a terminated employee31 days
has how many days upon
termination to convert
group life insurance
coverage to an individual
policy


10 days


15 days


30 days


31 days