ARIZONA LIFE AND HEALTH INSURANCE EXAM: QUESTIONS
05/09/2026
AND ANSWERS 2026
Arizona Life and Health Insurance Exam: Questions and
Answers 2026, Exams of Nursing
A whole life policy that 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
They are not guaranteed
When there is a named beneficiary on a life insurance policy, the death benefits
1. Are directed to a trustee if the insured has any outstanding debts
2. Are paid directly to the insured`s creditors, with any remaining balance forwarded to the beneficiary
3. Are paid directly to the beneficiary, minus any debt claims by the insured`s creditors
4. Are paid directly to the beneficiary without interference from the insured`s creditors
Are paid directly to the beneficiary without interference from the insured`s creditors
What determines how much an annuitant is paid for a variable annuity
1. Varies according to how many outstanding annuitant is paid for a variable annuity
5/9/2026
2. Payments fluctuate as annuitant gets older
3. The market value variations of the securities backing it
1
, ARIZONA LIFE AND HEALTH INSURANCE EXAM: QUESTIONS
05/09/2026
AND ANSWERS 2026
4. Varies according to the insurers investments in its general account
The market value variations of the securities backing it
A terminated employee has how many days upon termination to convert group life insurance coverage
to an individual policy
10 days
15 days
30 days
31 days
31 days
Rick owns a variable 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 never increase
3 increase but never decrease
4 fluctuate with changes in the cash amount
Fluctuate with changes in the cash amount
The policy provision that permits an employee to change from group life insurance to an individual
policy is called
5/9/2026
1 assignment provision
2 conversion provision
2
, ARIZONA LIFE AND HEALTH INSURANCE EXAM: QUESTIONS
05/09/2026
AND ANSWERS 2026
3 certificate provision
4 modification provision
Conversion provision
When the deferred annuity is surrendered, who must sign the authorization to do so
Owner
Annuitant and beneficiary
Annuitant
All parties involved
Owner
Which of the following is not a valid contract exchange?
1. An annuity exchanged for a life insurance policy
2 an annuity exchanged for another annuity
3 a life insurance policy exchanged for another life insurance policy
4 a life insurance policy exchanged for another annuity
An annuity exchanged for a life insurance policy
Which of these statements regarding the extended term insurance nonforfeiture option in a life policy is
accurate
Evidence of insurability is required
5/9/2026
Coverage remains until death of the insured
3
, ARIZONA LIFE AND HEALTH INSURANCE EXAM: QUESTIONS
05/09/2026
AND ANSWERS 2026
The premium to purchase the coverage comes from the policy`s cash value
Cash value will continue to grow
The premium to purchase the coverage comes from the policy`s cash value
A life insurance policy that includes a return of premium rider will pay the beneficiary how much upon
the insured death
Total premiums paid plus the policy face amount
Face amount plus interest
Interest acquired plus total premiums paid
Face amount minus any outstanding loan balances
Total premiums paid plus the policy face amount
Which of these is not considered the responsibility of a producer during the underwriting process
Collecting additional medical information if needed
Promptly sending the completed application to the insurance company
Forwarding any material personal observations to the insurer
Selecting the final approval date
Selecting the final approval date
Which of the following is not guaranteed in a whole life policy
Settlement options
5/9/2026
Nonforfeiture options
4
05/09/2026
AND ANSWERS 2026
Arizona Life and Health Insurance Exam: Questions and
Answers 2026, Exams of Nursing
A whole life policy that 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
They are not guaranteed
When there is a named beneficiary on a life insurance policy, the death benefits
1. Are directed to a trustee if the insured has any outstanding debts
2. Are paid directly to the insured`s creditors, with any remaining balance forwarded to the beneficiary
3. Are paid directly to the beneficiary, minus any debt claims by the insured`s creditors
4. Are paid directly to the beneficiary without interference from the insured`s creditors
Are paid directly to the beneficiary without interference from the insured`s creditors
What determines how much an annuitant is paid for a variable annuity
1. Varies according to how many outstanding annuitant is paid for a variable annuity
5/9/2026
2. Payments fluctuate as annuitant gets older
3. The market value variations of the securities backing it
1
, ARIZONA LIFE AND HEALTH INSURANCE EXAM: QUESTIONS
05/09/2026
AND ANSWERS 2026
4. Varies according to the insurers investments in its general account
The market value variations of the securities backing it
A terminated employee has how many days upon termination to convert group life insurance coverage
to an individual policy
10 days
15 days
30 days
31 days
31 days
Rick owns a variable 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 never increase
3 increase but never decrease
4 fluctuate with changes in the cash amount
Fluctuate with changes in the cash amount
The policy provision that permits an employee to change from group life insurance to an individual
policy is called
5/9/2026
1 assignment provision
2 conversion provision
2
, ARIZONA LIFE AND HEALTH INSURANCE EXAM: QUESTIONS
05/09/2026
AND ANSWERS 2026
3 certificate provision
4 modification provision
Conversion provision
When the deferred annuity is surrendered, who must sign the authorization to do so
Owner
Annuitant and beneficiary
Annuitant
All parties involved
Owner
Which of the following is not a valid contract exchange?
1. An annuity exchanged for a life insurance policy
2 an annuity exchanged for another annuity
3 a life insurance policy exchanged for another life insurance policy
4 a life insurance policy exchanged for another annuity
An annuity exchanged for a life insurance policy
Which of these statements regarding the extended term insurance nonforfeiture option in a life policy is
accurate
Evidence of insurability is required
5/9/2026
Coverage remains until death of the insured
3
, ARIZONA LIFE AND HEALTH INSURANCE EXAM: QUESTIONS
05/09/2026
AND ANSWERS 2026
The premium to purchase the coverage comes from the policy`s cash value
Cash value will continue to grow
The premium to purchase the coverage comes from the policy`s cash value
A life insurance policy that includes a return of premium rider will pay the beneficiary how much upon
the insured death
Total premiums paid plus the policy face amount
Face amount plus interest
Interest acquired plus total premiums paid
Face amount minus any outstanding loan balances
Total premiums paid plus the policy face amount
Which of these is not considered the responsibility of a producer during the underwriting process
Collecting additional medical information if needed
Promptly sending the completed application to the insurance company
Forwarding any material personal observations to the insurer
Selecting the final approval date
Selecting the final approval date
Which of the following is not guaranteed in a whole life policy
Settlement options
5/9/2026
Nonforfeiture options
4
