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Insurance Licensing AZ-Insurance-Producer-Life Exam Overview:
| Certification Vendor: | Arizona Department of Insurance and Financial Institutions (DIFI) |
|---|---|
| Exam Name: | Arizona Examination for Life Insurance Producer |
| Exam Number: | 13-31 |
| Passing Score: | 70% |
| Real Exam Qty: | 100 (+5–10 unscored pilot items) |
| Exam Format: | Computer-based testing, Multiple-choice questions |
| Exam Duration: | 120 minutes |
| Certificate Validity Period: | Exam eligibility valid for 12 months; License renewable every 4 years with continuing education |
| Available Languages: | English |
| Exam Price: | $50 USD |
| Related Certifications: | Arizona Life, Accident & Health Insurance Producer Arizona Accident & Health Insurance Producer |
| Recommended Training: | PSI Arizona Candidate Handbook Arizona DIFI Licensing Resources |
| Exam Registration: | NIPR License Application PSI Official Exam Registration Arizona DIFI Producer Licensing Page |
| Sample Questions: | Insurance Licensing AZ-Insurance-Producer-Life Sample Questions |
| Exam Way: | Computer-based testing at PSI test centers or online proctored where available |
| Pre Condition: | Minimum age 18; Valid government-issued photo ID; No mandatory pre-licensing education; Must pass background/fingerprint check; Eligible for up to 4 attempts within 12 months |
| Official Syllabus URL: | https://proctor2.psionline.com/media/programs/AZINS/life1.pdf |
Insurance Licensing AZ-Insurance-Producer-Life Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Types of Life Insurance Policies | 18% | - Adjustable and Universal Life - Term Life Insurance - Policy Provisions, Riders and Dividends
|
| Annuities | 12% | - Annuity Principles
|
| Federal Tax Considerations for Life Insurance and Annuities | 5% | - Tax-Deferred Exchanges and Distributions - Taxation of Proceeds and Premiums - Qualified Plans and Retirement Accounts |
| Insurance Regulation | 22% | - Arizona Statutes and Rules
|
| General Insurance Concepts | 13% | - Insurance Contract Law
|
| Life Insurance Basics | 16% | - Premium Determination and Delivery - Purpose and Use of Life Insurance
|
| Arizona-Specific Statutes, Rules and Ethics | 14% | - Consumer Protection and Fair Practices - Policy Delivery and Replacement Rules - Producer Responsibilities |
Insurance Licensing AZ-Insurance-Producer-Life Sample Questions:
The accumulated cash value of a whole life insurance policy becomes the
- A. funds used to offset policy administration and conversion expenses.
- B. policy loan value upon which the policyowner may borrow.
- C. face amount payable upon the insured ' s death.
- D. amount used to purchase paid up additions to the insured ' s policy.
Correct Answer: B 🗳️
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What is the purpose of the disability income benefit rider in life insurance policies?
- A. pays a monthly income if the insured becomes disabled
- B. provides lump-sum payment if the insured becomes disabled
- C. waives premiums during disability
- D. allows purchase of additional insurance without proof of insurability
Correct Answer: A 🗳️
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An example of consideration is
- A. a contract signing requirement.
- B. a notice of beneficiary.
- C. a premium.
- D. an insurance application.
Correct Answer: C 🗳️
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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 maintenance rider.
- B. child term rider.
- C. family income rider.
- D. guaranteed insurability rider.
Correct Answer: B 🗳️
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What percentage is the penalty for failing to begin a minimum required distribution of a traditional individual retirement account by age 70 1/2?
- A. 10
- B. 15
- C. 50
- D. 6
Correct Answer: C 🗳️
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