Arizona Life Insurance Exam / Questions & Detailed
Solutions.
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 from
beneficiary on a life 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 employee has 31 days
how many days upon
termination to convert
group life insurance
coverage to an individual
policy
10 days
15 days
30 days
31 days
, Rick owns a variable fluctuate with changes in the cash amount
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
neverincrease
3 increase but
neverdecrease
4 fluctuate with
changesin the cash amount
the policy provision that conversion provision
permits an employee to
change from group life
insurance to an individual
policy is called
1 assignment provision
2 conversion provision
3 certificate provision
4 modification provision
Solutions.
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 from
beneficiary on a life 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 employee has 31 days
how many days upon
termination to convert
group life insurance
coverage to an individual
policy
10 days
15 days
30 days
31 days
, Rick owns a variable fluctuate with changes in the cash amount
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
neverincrease
3 increase but
neverdecrease
4 fluctuate with
changesin the cash amount
the policy provision that conversion provision
permits an employee to
change from group life
insurance to an individual
policy is called
1 assignment provision
2 conversion provision
3 certificate provision
4 modification provision
