Ga life insurance exam - Study guides, Class notes & Summaries

Who elects the governing body of a mutual insurance company? - correct answer policyholders What year was the McCarran-Ferguson Act enacted? - correct answer 1945 A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: - correct answer a fraternal benefit society The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called: - corr...

GA LIFE INSURANCE EXAM ACTUAL UPDATED 2024 100+ QUESTIONS AND ANSWERS 100% PASS

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GA: Life Insurance Exam Questions and Answers 100% Pass When does an Endowment Life policy mature? - Correct Answer ️️ -When the Insured dies or reaches the age or date of endowment. A securities license is required to sell which of the following? - Correct Answer ️️ - Variable Universal Life Which is a community based provider of insurance benefits: - Correct Answer ️️ -PPO The Payor Benefit Rider is commonly found in policies insuring: - Correct Answer ️️ - juveniles. ...

GA Life Insurance Exam Questions Reviewed And Revised With Correct Answers <Guarantee Pass |Updated!!> 1) Which of the following is NOT a valid contract exchange? >An annuity exchanged for a life insurance policy > An annuity exchanged for another annuity > A life insurance policy exchanged for an annuity - ANSWER An annuity exchanged for a life insurance policy 2) When a sum of money undergoes capital liquidation, that sum will >increase in value >...

GA Life Insurance Exam Questions Reviewed And Revised With Correct Answers <Guarantee Pass |Updated!!> 1) What are the three types of annuities? - ANSWER variable, and indexed Fixed, 2) What are the main features of a fixed annuity? - ANSWER guaranteed, fixed payment amount, premiums in general account 3) What are the main features of a variable annuity? - ANSWER payment not guaranteed, premiums in separate account, and invested in stocks and bonds 4) What ...

GA Life Insurance Exam Questions and Answers 100% Pass Who elects the governing body of a mutual insurance company? - Correct Answer ️️ - policyholders What year was the McCarran-Ferguson Act enacted? - Correct Answer ️️ -1945 A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: - Correct Answer ️️ -a fraternal benefit society The stated amount or percent of liquid assets that an insurer must have on ha...

GA Life Insurance Exam Questions Reviewed And Revised With Correct Answers <Guarantee Pass |Updated!!> The Common Disaster Clause provides that if both the insured and the sole named beneficiary were to die in a common accident, which of the following is true? - ANSWER the clause provides the payment of proceeds to the insured's estate A policy owner would like to change the beneficiary on a Life insurance policy and make the changes permanent. Which type of d...

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GA LIFE INSURANCE EXAM ACTUAL UPDATED 2024 100+ QUESTIONS AND ANSWERS 100% PASS