Insurance Licensing AZ-Insurance-Producer-Life : AZ-Insurance-Producer-Life

  • Exam Code: AZ-Insurance-Producer-Life
  • Exam Name: AZ-Insurance-Producer-Life
  • Updated: Oct 12, 2026
  • Q & A: 107 Questions and Answers

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Insurance Licensing AZ-Insurance-Producer-Life Sample Questions:

Question #1

Which of the following occurs during the Annuity Period of an annuity?

  • A. Income payments to the annuitant
  • B. Tax-deferred growth of funds
  • C. Additional premium contributions
  • D. Owner retains full rights
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Correct Answer: A  🗳️

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Question #2

Backdating on a life insurance policy is the practice of

  • A. accepting the premium after the expiration of the grace period.
  • B. reinstating a lapsed policy.
  • C. excluding medical coverage for preexisting medical conditions.
  • D. making the policy effective on an earlier date than the present.
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Correct Answer: D  🗳️

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Question #3

An insured owns a whole life insurance policy on himself. He would also like coverage for his minor son and
/or daughter. One way the insured can accomplish this goal is to purchase a

  • A. family income rider.
  • B. child term rider.
  • C. guaranteed insurability rider.
  • D. family maintenance rider.
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Correct Answer: B  🗳️

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Question #4

After the final disposition of the matter, an insurance producer shall report to the director any administrative action taken against the producer in another jurisdiction or by another governmental agency in this state

  • A. immediately.
  • B. within 30 days.
  • C. at license renewal.
  • D. within 10 days.
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Correct Answer: B  🗳️

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Question #5

Which provides for the continuation of a business if the owner dies prematurely?

  • A. Buy-sell funding
  • B. Key employee life insurance
  • C. Executive bonuses
  • D. Deferred compensation
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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