PDF Version DemoInsurance 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 |
| Certificate Validity Period: | Exam eligibility valid for 12 months; License renewable every 4 years with continuing education |
| Related Certifications: | Arizona Accident & Health Insurance Producer Arizona Life, Accident & Health Insurance Producer |
| Real Exam Qty: | 100 (+5–10 unscored pilot items) |
| Exam Format: | Multiple-choice questions, Computer-based testing |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Exam Price: | $50 USD |
| Passing Score: | 70% |
| Recommended Training: | Arizona DIFI Licensing Resources PSI Arizona Candidate Handbook |
| Exam Registration: | PSI Official Exam Registration NIPR License Application 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 |
|---|---|---|
| Topic 1: Annuities | 12% | - Annuity Principles
|
| Topic 2: General Insurance Concepts | 13% | - Risk and Insurance
|
| Topic 3: Life Insurance Basics | 16% | - Purpose and Use of Life Insurance
|
| Topic 4: Types of Life Insurance Policies | 18% | - Policy Provisions, Riders and Dividends
- Whole Life Insurance - Term Life Insurance |
| Topic 5: Federal Tax Considerations for Life Insurance and Annuities | 5% | - Qualified Plans and Retirement Accounts - Tax-Deferred Exchanges and Distributions - Taxation of Proceeds and Premiums |
| Topic 6: Arizona-Specific Statutes, Rules and Ethics | 14% | - Producer Responsibilities - Policy Delivery and Replacement Rules - Consumer Protection and Fair Practices |
| Topic 7: Insurance Regulation | 22% | - Arizona Statutes and Rules
|
Insurance Licensing AZ-Insurance-Producer-Life Sample Questions:
Question #1
An insurable interest must exist
A. at the time of the loss.
B. between the applicant and the producer.
C. between all parties to the contract.
D. at the time of the application.
Question #2
What is the primary purpose of the Last Survivor Settlement option in a joint life insurance policy?
A. Provide retirement income
B. Cover funeral costs
C. Pay estate taxes
D. Reduce premiums
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. family maintenance rider.
C. guaranteed insurability rider.
D. child term rider.
Question #4
A waiver is defined as the
A. acceptance of terms of the policy.
B. modification of a known right.
C. intentional and voluntary giving up of a known right.
D. misrepresentation of a known right.
Question #5
An individual is planning for retirement and wants to ensure their beneficiaries receive payments if they pass away early. Which annuity payment option best meets their needs?
A. Deferred Annuity
B. Immediate Annuity
C. Pure Life Annuity
D. Life Annuity with period certain
Solutions:
| Question #1 Correct Answer: D | Question #2 Correct Answer: A | Question #3 Correct Answer: D | Question #4 Correct Answer: C | Question #5 Correct Answer: D |
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