,ARIZONA LIFE AND HEALTH INSURANCE EXAM 2025
WITH ACCURATE SOLUTIONS
1. What is the typical duration of the major medical deductible carryover
period in months?
Four
Three
One
Two
2. What is a key characteristic of whole life insurance?
It only covers a specific term
Insurance coverage can continue for life
It is only available to seniors
It has no cash value
3. If an individual chooses a decreasing term life insurance policy, what
financial implications should they consider compared to a whole life
policy?
The decreasing term policy will offer higher premiums than a
whole life policy due to its cash value.
Both policies will provide the same cash value benefits over time.
The individual should consider that the decreasing term policy
will not provide any cash value and the death benefit will
decline over time, unlike the whole life policy which provides a
stable death benefit and cash value accumulation.
The whole life policy will have a decreasing death benefit, while
,the decreasing term policy will have a fixed benefit.
, 4. What entity sets the maximum contribution limits for qualified retirement
plans?
FHA
FDIC
SEC
IRS
5. The annual addition to an employee's account in a qualified retirement
plan
cannot exceed the maximum limits set by the Internal Revenue
Service
usually reflects the employee's individual work performance each
year
must be the same dollar amount for every full time employee
can be any amount as determined by the end of year to year
6. Describe the role of a producer in the underwriting process of insurance
policies.
The producer only selects the final approval date for the policy.
The producer is responsible for gathering information and
facilitating the underwriting process to assess risk.
The producer determines the coverage limits without any input
from underwriters.
The producer is responsible for managing claims after the policy is
issued.
7. If a new employee with a serious health condition joins a company with
group life insurance, what implications does this have for their coverage
compared to healthier employees?
WITH ACCURATE SOLUTIONS
1. What is the typical duration of the major medical deductible carryover
period in months?
Four
Three
One
Two
2. What is a key characteristic of whole life insurance?
It only covers a specific term
Insurance coverage can continue for life
It is only available to seniors
It has no cash value
3. If an individual chooses a decreasing term life insurance policy, what
financial implications should they consider compared to a whole life
policy?
The decreasing term policy will offer higher premiums than a
whole life policy due to its cash value.
Both policies will provide the same cash value benefits over time.
The individual should consider that the decreasing term policy
will not provide any cash value and the death benefit will
decline over time, unlike the whole life policy which provides a
stable death benefit and cash value accumulation.
The whole life policy will have a decreasing death benefit, while
,the decreasing term policy will have a fixed benefit.
, 4. What entity sets the maximum contribution limits for qualified retirement
plans?
FHA
FDIC
SEC
IRS
5. The annual addition to an employee's account in a qualified retirement
plan
cannot exceed the maximum limits set by the Internal Revenue
Service
usually reflects the employee's individual work performance each
year
must be the same dollar amount for every full time employee
can be any amount as determined by the end of year to year
6. Describe the role of a producer in the underwriting process of insurance
policies.
The producer only selects the final approval date for the policy.
The producer is responsible for gathering information and
facilitating the underwriting process to assess risk.
The producer determines the coverage limits without any input
from underwriters.
The producer is responsible for managing claims after the policy is
issued.
7. If a new employee with a serious health condition joins a company with
group life insurance, what implications does this have for their coverage
compared to healthier employees?
