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Insurance Licensing AZ-Insurance-Producer-Life Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Federal Tax Considerations for Life Insurance and Annuities | 5% | - Taxation of Proceeds and Premiums - Qualified Plans and Retirement Accounts - Tax-Deferred Exchanges and Distributions |
| Types of Life Insurance Policies | 18% | - Adjustable and Universal Life - Policy Provisions, Riders and Dividends
- Term Life Insurance |
| Annuities | 12% | - Annuity Principles
|
| Life Insurance Basics | 16% | - Purpose and Use of Life Insurance
|
| General Insurance Concepts | 13% | - Insurance Contract Law
|
| Arizona-Specific Statutes, Rules and Ethics | 14% | - Policy Delivery and Replacement Rules - Consumer Protection and Fair Practices - Producer Responsibilities |
| Insurance Regulation | 22% | - Arizona Statutes and Rules
|
Insurance Licensing AZ-Insurance-Producer-Life Sample Questions:
Which type of policy allows for premiums or benefit adjustments which are backed by equity investments?
- A. variable universal life
- B. universal life
- C. variable life
- D. term life
Correct Answer: A 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
Which rider includes coverage for the insured ' s spouse and children?
- A. Family
- B. Guaranteed insurability
- C. Jumping juvenile
- D. Payor benefit
Correct Answer: A 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
An employee is covered by a group life insurance policy offered by their employer at no cost to the employee.
Which life insurance option is available to this employee from the group policy insurer if their employment is terminated?
- A. Retain the group insurance at the employee ' s expense for 60 days, then become eligible for individual insurance at terms to be negotiated based on health.
- B. Obtain individual insurance after 30 days with a discounted premium and a prorated reduced benefit.
- C. Receive individual coverage with the same benefit as the group policy, provided they meet health standards specified for a physical examination.
- D. Obtain individual insurance with the same terms as the group policy at the individual premium charged for an insured of the employee ' s age.
Correct Answer: D 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
Under the Fair Credit Reporting Act, what is the maximum penalty for a producer who obtains Consumer Information Reports under false pretenses?
- A. $10,000
- B. $1,000
- C. $5,000
- D. $2,000
Correct Answer: C 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
Which of the following dividend options will increase the death benefit?
- A. Extended term.
- B. Guaranteed insurability.
- C. Paid-up additions.
- D. Accelerated endowment.
Correct Answer: C 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
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