ARIZONA LIFE AND HEALTH FINAL TEST EXAM NEWEST
2026 STUDY QUESTIONS WITH COMPLETE VERIFID
ANSWERS 100% GUARANTEED PASS | RATED A+
Brick on the variable universal life policy and chooses a variable that but if the option. What will
typically happened to the death benefit as a result of this election? - Answer>>> Fluctuate with
changes in the cash account
An insurance application requires an applicant to make a full, accurate disclosure of the risk
factor involved. Using this criteria, an insurance policy is considered what type of contract? -
Answer>>> Contract of utmost good faith
The Genetic information non-discrimination act of 2008 bars all of the following, EXCEPT: -
Answer>>> Prohibits the use of genetic information and health insurance, unless the applicant
signs a waiver
When an individual is planning to protect his family with life insurance, one method of doing so
is called needs analysis. What exactly does need analysis involve? - Answer>>> Identifies the
needs of an individual and individuals dependents
Jim is covered under a disability income policy. He is hurt while engaged in an occupation that is
more hazardous than the occupation he specified in the policy. What action will the insurer likely
take? - Answer>>> Reduce the benefit level
Under a key person disability income policy, benefits will be received as - Answer>>> tax-free
income to the business
A nonparticipating whole life insurance policy was surrendered for its $20,000 cash value. The
total premium paid had totaled $16,000. What were the federal income tax consequences to the
policy owner on receipt of the cash value? - Answer>>> $16,000 was received tax-free and
$4000 as ordinary income
Which of these Is a type of private insurance to cover the cost sharing amounts under Medicare?
- Answer>>> Medicare supplement
, A comprehensive major medical health insurance policy contains an eligible expenses provision
which identifies the types of healthcare service that are covered. All of the following healthcare
services are typically covered except for - Answer>>> Experimental investigative services
The _____ is responsible for determining the appropriateness of a medicare supplement policy
for an applicant. - Answer>>> producer
What type of employee welfare plans are not subject to ERISA regulations? - Answer>>>
Church plans
Which of the following combinations best describe a universal life insurance policy? -
Answer>>> A flexible premium deposit fund and a monthly renewable term insurance policy
Telemarketing sales rule states that ______ is the LATEST time of day that telemarketing calls
may be received - Answer>>> 9:00 pm
Which is considered a valid reason for small corporations to ensure the lives of its major
stockholders? - Answer>>> Fund a buy-sell agreement
When a policy loan is requested by a policy owner and it requires the consent of the beneficiary,
what kind of beneficiary designation is this? - Answer>>> Irrevocable beneficiary
What are premiums for group credit life insurance based on? - Answer>>> Flat rate unrelated to
the borrower's age
Which of the following provisions allows an insured or the insurer to terminate the policy? -
Answer>>> Cancelable provision
Mark is covered by a policy that uses the regular occupation (own-occ) definition of total
disability. Using this definition, he will be considered disabled if unable to - Answer>>>
Perform the substantial and material duties of his regular occupation
Which of the following can be defined as a cause of a loss? - Answer>>> peril
Which of the following is NOT guaranteed in a whole life policy? - Answer>>> Dividend scale
The law of large numbers enables an insurer to - Answer>>> Predict losses
2026 STUDY QUESTIONS WITH COMPLETE VERIFID
ANSWERS 100% GUARANTEED PASS | RATED A+
Brick on the variable universal life policy and chooses a variable that but if the option. What will
typically happened to the death benefit as a result of this election? - Answer>>> Fluctuate with
changes in the cash account
An insurance application requires an applicant to make a full, accurate disclosure of the risk
factor involved. Using this criteria, an insurance policy is considered what type of contract? -
Answer>>> Contract of utmost good faith
The Genetic information non-discrimination act of 2008 bars all of the following, EXCEPT: -
Answer>>> Prohibits the use of genetic information and health insurance, unless the applicant
signs a waiver
When an individual is planning to protect his family with life insurance, one method of doing so
is called needs analysis. What exactly does need analysis involve? - Answer>>> Identifies the
needs of an individual and individuals dependents
Jim is covered under a disability income policy. He is hurt while engaged in an occupation that is
more hazardous than the occupation he specified in the policy. What action will the insurer likely
take? - Answer>>> Reduce the benefit level
Under a key person disability income policy, benefits will be received as - Answer>>> tax-free
income to the business
A nonparticipating whole life insurance policy was surrendered for its $20,000 cash value. The
total premium paid had totaled $16,000. What were the federal income tax consequences to the
policy owner on receipt of the cash value? - Answer>>> $16,000 was received tax-free and
$4000 as ordinary income
Which of these Is a type of private insurance to cover the cost sharing amounts under Medicare?
- Answer>>> Medicare supplement
, A comprehensive major medical health insurance policy contains an eligible expenses provision
which identifies the types of healthcare service that are covered. All of the following healthcare
services are typically covered except for - Answer>>> Experimental investigative services
The _____ is responsible for determining the appropriateness of a medicare supplement policy
for an applicant. - Answer>>> producer
What type of employee welfare plans are not subject to ERISA regulations? - Answer>>>
Church plans
Which of the following combinations best describe a universal life insurance policy? -
Answer>>> A flexible premium deposit fund and a monthly renewable term insurance policy
Telemarketing sales rule states that ______ is the LATEST time of day that telemarketing calls
may be received - Answer>>> 9:00 pm
Which is considered a valid reason for small corporations to ensure the lives of its major
stockholders? - Answer>>> Fund a buy-sell agreement
When a policy loan is requested by a policy owner and it requires the consent of the beneficiary,
what kind of beneficiary designation is this? - Answer>>> Irrevocable beneficiary
What are premiums for group credit life insurance based on? - Answer>>> Flat rate unrelated to
the borrower's age
Which of the following provisions allows an insured or the insurer to terminate the policy? -
Answer>>> Cancelable provision
Mark is covered by a policy that uses the regular occupation (own-occ) definition of total
disability. Using this definition, he will be considered disabled if unable to - Answer>>>
Perform the substantial and material duties of his regular occupation
Which of the following can be defined as a cause of a loss? - Answer>>> peril
Which of the following is NOT guaranteed in a whole life policy? - Answer>>> Dividend scale
The law of large numbers enables an insurer to - Answer>>> Predict losses
