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Insurance Licensing AZ-Insurance-Producer-Life Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Life Insurance Basics | - Annuities
| |
| General Insurance | - Risk and insurance concepts
| |
| Insurance Regulation | 5% | - Licensing
|
Insurance Licensing AZ-Insurance-Producer-Life Sample Questions:
A policyholder has named their spouse as the primary beneficiary and their child as the contingent beneficiary. Under what circumstances will the contingent beneficiary receive the death benefit?
- A. The primary beneficiary survives the insured
- B. The policyholder changes the designation
- C. The primary beneficiary is revocable
- D. The primary beneficiary predeceases the insured
Correct Answer: D 🗳️
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An insurable interest must exist
- A. at the time of the application.
- B. between all parties to the contract.
- C. at the time of the loss.
- D. between the applicant and the producer.
Correct Answer: A 🗳️
Explanation: Only visible for TestBraindump members. You can sign-up / login (it's free).
Premiums paid on a personal life insurance policy are
- A. taxable when considered a return of premium.
- B. considered to be a capital investment.
- C. taxable as ordinary income.
- D. not tax deductible.
Correct Answer: D 🗳️
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The securities component of index whole life insurance is considered which of the following?
- A. A less expensive manner for obtaining whole life insurance.
- B. A way of reducing taxes on earnings from a whole life policy.
- C. A recommended approach for higher earnings.
- D. An effective hedge against inflation.
Correct Answer: D 🗳️
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A life annuity ceases payments to the annuitant at
- A. death.
- B. policy termination.
- C. maturity.
- D. age 100.
Correct Answer: A 🗳️
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