GA LIFE INSURANCE EXAM / ACTUAL GA LIFE INSURANCE
EXAM AND A NEW UPDATED STUDY GUIDE 2026/2027
COMPLETE ACCURATE EXAM REAL QUESTIONS WITH
WELL ELABORATED ANSWERS (100% CORRECT VERIFIED
ANSWERS) LATEST UPDATED VERSION |GUARANTEED
PASS A+ |FULL REVISED EXAM
A life insurance policy that covers two parties, but only pays when the
last party dies is known as:
Answer- Survivorship Life
Most Term Life insurance:
Answer- Is convertible to permanent Whole Life without a physical
exam
If a person wants to invest a lump sum in an annuity that may appreciate
along with market and economic conditions, they should buy a:
Answer- Variable Annuity
If a client wants cash value life insurance with a flexible premium and
an adjustable death benefit that will allow the policy owner a choice of
various cash value investment options, he should buy:
Answer- Variable/Universal Life
,Which of the following statements is true about the premium payment
schedule for a Whole Life policy?
Answer- Premiums are payable throughout the insured's lifetime, and
coverage continues until the insured's death
Which of the following policies provides the greatest amount of
protection for an insured's premium dollar as well as some cash
accumulation?
Answer- Whole Life
Which of the following is NOT correct regarding Ordinary Whole Life
policies?
Answer- The cash value grows more quickly in the beginning years of
the policy
A business owner with a fluctuating income who wants a life insurance
policy that can be changed to suit economic conditions should buy:
Answer- Adjustable Life
,Which of the following is an example of a Limited-Pay Life policy:?
Answer- 20-Pay Life
A life insurance policy that combines term insurance protection, a
flexible premium, and cash value accumulation is:
Answer- Universal Life
A client buys a $50,000 Whole Life policy on himself and wants to add
$25,000 in Term coverage for his spouse. He should add which of the
following riders to his policy?
Answer- Other Insured Rider
A $10,000 Life insurance policy with a Triple Indemnity clause has been
in force for three years. The insured is injured in a train wreck and dies
in a hospital five months later. The death proceeds payable under the
policy would be:
Answer- $10,000
The provision in a Life insurance policy that provides protection against
unintentional policy lapse is known as the:
Answer- Automatic Premium Loan provision
, A client applied for Life insurance on October 1st. The application was
approved and the policy was issued on October 10th. It was delivered to
the customer on October 18th. When did the Free Look start?
Answer- October 18th
Dividend projections may be included in a proposal for Life insurance:
Answer- When there is a clear statement that they are not guaranteed
An insured died during the Grace Period of her Life insurance policy
and had not paid the required annual premium. The insurance company
is obligated to pay which of the following to the beneficiary?
Answer- The face amount of the policy less any earned premiums
What Life insurance policy provision applies if a policy lapsed last year
and the insured wants it back?
Answer- Reinstatement
Which of the following is a Non-Forfeiture Option that provides
continuing cash value buildup?
EXAM AND A NEW UPDATED STUDY GUIDE 2026/2027
COMPLETE ACCURATE EXAM REAL QUESTIONS WITH
WELL ELABORATED ANSWERS (100% CORRECT VERIFIED
ANSWERS) LATEST UPDATED VERSION |GUARANTEED
PASS A+ |FULL REVISED EXAM
A life insurance policy that covers two parties, but only pays when the
last party dies is known as:
Answer- Survivorship Life
Most Term Life insurance:
Answer- Is convertible to permanent Whole Life without a physical
exam
If a person wants to invest a lump sum in an annuity that may appreciate
along with market and economic conditions, they should buy a:
Answer- Variable Annuity
If a client wants cash value life insurance with a flexible premium and
an adjustable death benefit that will allow the policy owner a choice of
various cash value investment options, he should buy:
Answer- Variable/Universal Life
,Which of the following statements is true about the premium payment
schedule for a Whole Life policy?
Answer- Premiums are payable throughout the insured's lifetime, and
coverage continues until the insured's death
Which of the following policies provides the greatest amount of
protection for an insured's premium dollar as well as some cash
accumulation?
Answer- Whole Life
Which of the following is NOT correct regarding Ordinary Whole Life
policies?
Answer- The cash value grows more quickly in the beginning years of
the policy
A business owner with a fluctuating income who wants a life insurance
policy that can be changed to suit economic conditions should buy:
Answer- Adjustable Life
,Which of the following is an example of a Limited-Pay Life policy:?
Answer- 20-Pay Life
A life insurance policy that combines term insurance protection, a
flexible premium, and cash value accumulation is:
Answer- Universal Life
A client buys a $50,000 Whole Life policy on himself and wants to add
$25,000 in Term coverage for his spouse. He should add which of the
following riders to his policy?
Answer- Other Insured Rider
A $10,000 Life insurance policy with a Triple Indemnity clause has been
in force for three years. The insured is injured in a train wreck and dies
in a hospital five months later. The death proceeds payable under the
policy would be:
Answer- $10,000
The provision in a Life insurance policy that provides protection against
unintentional policy lapse is known as the:
Answer- Automatic Premium Loan provision
, A client applied for Life insurance on October 1st. The application was
approved and the policy was issued on October 10th. It was delivered to
the customer on October 18th. When did the Free Look start?
Answer- October 18th
Dividend projections may be included in a proposal for Life insurance:
Answer- When there is a clear statement that they are not guaranteed
An insured died during the Grace Period of her Life insurance policy
and had not paid the required annual premium. The insurance company
is obligated to pay which of the following to the beneficiary?
Answer- The face amount of the policy less any earned premiums
What Life insurance policy provision applies if a policy lapsed last year
and the insured wants it back?
Answer- Reinstatement
Which of the following is a Non-Forfeiture Option that provides
continuing cash value buildup?
