Exam (elaborations)
GA Life, Health and Accident Insurance Exam
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- GA Life, Health And Accident Insurance Exam
GA Life, Health and Accident Insurance Exam
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GA Life, Health and AccidentInsurance Exam
An individual wishes to purchase whole life Insurance but does not wish to
pay premiums past retirement age. Which of the following policies should the
person buy? - -Limited pay
-In addition to the Insurance Department, who has the authority to regulate
variable life insurance? - -Securities Exchange Commission
-Rules and regulations made by the Commissioner of Insurance must be
approved by the - -Georgia Attorney General
-Which of the following has the greatest impact in making one individual's
life insurance premium different from that of another individual, assuming
both own the same type of policy? - -The policy's mortality factor
-Frank is the insured in a $40,000, 5-year level term policy issued in 2001.
He died in 2007. His beneficiary received - -nothing
-Michelle, age 31, just purchased a $50,000 variable life insurance policy.
With regard to her policy, which of the following statements is NOT correct -
-At her death, her beneficiary may receive more or less than $50,000 in
proceeds.
-Term life insurance is... - -Term insurance provides protection for only a
temporary period
-An applicant for health insurance completes the application and satisfies all
of the conditions of the conditional receipt. If the policy is eventually issued
as applied for, coverage takes effect: - -just as if the policy had already been
issued
-Tom has a $50,000 whole life policy. If he continued to pay the required
premiums and lived to age 100, he would receive: - -$50,000 as an
endowment
-An applicant for an agent license has failed the written examination 3
times. What must the applicant do in order to take the examination a fourth
time? - -ke the prelicensing course before retaking the exam.
-When must credit accident and sickness insurance policies define total
disability as the inability to perform any occupation for which the debtor is
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