Georgia Life, Accident& Sickness Agent
Exam Questions With Correct Answers
Endowment☑️Correct Ans-Means MORE, expensive
Single Premium☑️Correct Ans-Builds immediate cash Value, you make one big lump some all
at one time and the Insurance company will play with the amount you gave them so your policy
will last for the rest of your life.
Target Premium☑️Correct Ans-The amount your pay to keep your Policy for lapsing
Corridors of Insurance☑️Correct Ans-Save tax Advantages, Death Benefit: You only recieve
the face amount of your Poilcy
Family Maintenance Policy☑️Correct Ans-Maintain, Whole Life and Level Term, Always 20
Years
Death Benefit: If the Insured Dies Beneficiary will get a lump some and a check for 20 Years
Family Income Policy☑️Correct Ans-Whole Life and Decreasing Terms ,Death Benefit : they
will get a check for the remaining years left on that rider. subtract the amount of years the policy
been in place from 20 and you will get how many years are left for the beneficiary will receive
their Benefits
Insurance Component☑️Correct Ans-always annually renewable term insurance
Two types pf Flexible Spending Accounts☑️Correct Ans-Health Care and Dependent Care
Account
Which of the following type of Risks will result in the highest premium☑️Correct Ans-
Substandard Risk
Exam Questions With Correct Answers
Endowment☑️Correct Ans-Means MORE, expensive
Single Premium☑️Correct Ans-Builds immediate cash Value, you make one big lump some all
at one time and the Insurance company will play with the amount you gave them so your policy
will last for the rest of your life.
Target Premium☑️Correct Ans-The amount your pay to keep your Policy for lapsing
Corridors of Insurance☑️Correct Ans-Save tax Advantages, Death Benefit: You only recieve
the face amount of your Poilcy
Family Maintenance Policy☑️Correct Ans-Maintain, Whole Life and Level Term, Always 20
Years
Death Benefit: If the Insured Dies Beneficiary will get a lump some and a check for 20 Years
Family Income Policy☑️Correct Ans-Whole Life and Decreasing Terms ,Death Benefit : they
will get a check for the remaining years left on that rider. subtract the amount of years the policy
been in place from 20 and you will get how many years are left for the beneficiary will receive
their Benefits
Insurance Component☑️Correct Ans-always annually renewable term insurance
Two types pf Flexible Spending Accounts☑️Correct Ans-Health Care and Dependent Care
Account
Which of the following type of Risks will result in the highest premium☑️Correct Ans-
Substandard Risk
