Arizona Life Insurance Exam Questions And Answers (Latest Update 2023) Verified Answers

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 {Ans: total premiums paid plus the policy face amount}which of these statements regarding the extended term insurance nonforfeiture option in a life policy is accurate evidence of insurability is required coverage remains until death of the insured the premium to purchase the coverage comes from the policy`s cash value cash value will continue to grow {Ans: the premium to purchase the coverage comes from the policy`s cash value}An appointed producer's implied authority is derived from the NAIC express authority the insurer's Certificate of Authority evident authority {Ans: express authority}which statement regarding the life insurance premium for a childrens rider is true decreasing premium as each child becomes an adult premium remains the same no matter how many children increasing premium as additional children are born no premium is normally charged for a childrens rider {Ans: premium remains the same no matter how many children}A retired couple would like to maximize