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Insurance Licensing AZ-Insurance-Producer-Life Exam Overview:
| Certification Vendor: | Arizona Department of Insurance and Financial Institutions |
|---|---|
| Exam Name: | Arizona Insurance Producer Life Examination |
| Exam Number: | AZ-Insurance-Producer-Life |
| Real Exam Qty: | 150 |
| Available Languages: | English |
| Passing Score: | 70% |
| Exam Format: | Computer-Based Testing, Multiple Choice Questions |
| Certificate Validity Period: | License validity is generally perpetual while renewal requirements are met (renewal every 4 years) |
| Exam Duration: | 150 minutes |
| Related Certifications: | Arizona Insurance Producer License - Accident & Health Arizona Insurance Producer License - Casualty Arizona Insurance Producer License - Property |
| Exam Price: | Approx. $55 USD |
| Recommended Training: | Arizona Approved Insurance Pre-Licensing Education Providers |
| Exam Registration: | Arizona Department of Insurance and Financial Institutions - Insurance Licensing Prometric Arizona Insurance Licensing Examination Registration |
| Sample Questions: | Insurance Licensing AZ-Insurance-Producer-Life Sample Questions |
| Exam Way: | Computer-based testing at approved testing centers or approved remote testing options. |
| Pre Condition: | Candidate must meet Arizona insurance licensing eligibility requirements, complete required pre-licensing education, and submit an application for licensure. |
| Official Syllabus URL: | https://difi.az.gov/insurance-licensing |
Insurance Licensing AZ-Insurance-Producer-Life Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Life Insurance Products and Policies | - Types of Life Insurance
|
| Topic 2: Life Insurance Applications and Underwriting | - Application Process
|
| Topic 3: Arizona Insurance Laws and Ethics | - Producer Duties and Ethical Practices
|
| Topic 4: General Insurance Concepts | - Insurance Fundamentals and Risk Management
|
| Topic 5: Life Insurance Taxation and Retirement Planning | - Tax Treatment of Life Insurance
|
Insurance Licensing AZ-Insurance-Producer-Life Sample Questions:
According to the Fair Credit Reporting Act, an insurer needs to do all of the following, EXCEPT
- A. inform the applicant about the scope of an investigation.
- B. notify the applicant if an application is denied.
- C. discuss any credit history inconsistencies with the applicant.
- D. inform the applicant that an investigation is being conducted.
Correct Answer: C 🗳️
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Under the exclusion clause, which is a scenario that would NOT be covered if death resulted?
- A. Commercial pilot or crew member
- B. A fare-paying passenger in a regularly-scheduled airline
- C. A spectator at an auto race
- D. Army officer killed in the line of duty
Correct Answer: A 🗳️
Explanation: Only visible for SurePassExams members. You can sign-up / login (it's free).
Which rider allows the husband or wife of the insured to be added to the primary insured ' s policy?
- A. Level term rider.
- B. Guaranteed insurability rider.
- C. Spouse term rider.
- D. Accelerated death benefit rider.
Correct Answer: C 🗳️
Explanation: Only visible for SurePassExams members. You can sign-up / login (it's free).
A retired couple is considering purchasing an annuity to ensure financial security for both individuals. Which option best meets their needs?
- A. Joint and survivor annuity
- B. Joint life annuity
- C. Single life annuity
- D. Life with period certain
Correct Answer: A 🗳️
Explanation: Only visible for SurePassExams members. You can sign-up / login (it's free).
Which of the following occurs during the Annuity Period of an annuity?
- A. Owner retains full rights
- B. Additional premium contributions
- C. Tax-deferred growth of funds
- D. Income payments to the annuitant
Correct Answer: D 🗳️
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By Julia
