State RegulationsAZ specificDifficulty 1/5
Under A.R.S. 20-2604, for how long may the suicide exclusion in an Arizona variable life policy be limited?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
A.R.S. 20-2604 permits the suicide exclusion in a variable life policy to be limited to 2 years. After that period passes, death by the insured's own hand is no longer within the exclusion.
Why the other options are wrong
- B) 30 days is the ordinary life grace figure under A.R.S. 20-1203, not the suicide-exclusion period.
- C) 10 days is the variable life right-of-return period, not the suicide exclusion.
- D) 6 months is the policy-loan deferment limit, not the suicide-exclusion period.
Memory hook
Variable suicide exclusion tops out at two years.