Arkansas Life and Health Insurance Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Study for the Arkansas Life and Health Insurance Exam with our comprehensive resources. Utilize multiple-choice questions and flashcards to increase your knowledge and understanding. Get ready to pass your exam and jumpstart your career in the insurance industry!

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

All of the following are Dividend Options, EXCEPT:

  1. Reduced paid-up

  2. Cash

  3. Premium reduction

  4. Paid-up additions

The correct answer is: Reduced paid-up

Dividend Options allow policyholders to choose how they would like to receive any dividends earned on their participating life insurance policy. The options include cash, premium reduction, and paid-up additions. Option A, Reduced paid-up, is not a Dividend Option. Reduced paid-up allows policyholders to use any dividends to stop making premium payments and instead have a fully paid-up policy for a reduced face amount. This is not a Dividend Option but a nonforfeiture option available in some policies.

More Questions Like This