GA Life, Health and Accident Insurance Exam Questions and Answers well Explained Latest 2024/2025 Update 100% Correct.
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Module
GA Life, Health and Accident Insurance
Institution
GA Life, Health And Accident Insurance
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 continu...
GA Life, Health and Accident Insurance
Exam
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
A whole life policy - provides both insurance protection and "living" values, the face amount may
be paid as a lump sum at the policyowner's selected retirement age, and It is designed to mature or
endow at the insured's age 100
AGC Publishing applied for key-person life insurance on its chief executive officer. Which of the following
parties must sign the application? - The CEO, another officer of AGC, and the agent handling the
application
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.
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
Frank is the insured in a $40,000, 5-year level term policy issued in 2001. He died in 2007. His beneficiary
received - nothing
In addition to the Insurance Department, who has the authority to regulate variable life insurance? -
Securities Exchange Commission
Increasing term insurance is almost always sold as a(an): - rider.
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