GA LIFE INSURANCE EXAM (LATEST) || MOST
RECENT EXAM 2026|2027ACTUAL COMPLETE
REAL EXAM QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) ALREADY GRADED A+ |
GUARANTEED SUCCESS!! NEWEST EXAM | JUST
RELEASED!!
What is the underlying concept regarding level premiums? -
ANSWER-the early
years are changed more than what
is needed
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 designation would fulfill this
need? - ANSWER-
irrevocable
A level premium indicates: - ANSWER-the premium is fixed
for the entire
duration of the
contract
,Which statement regarding the Change of Beneficiary
provision is true? -
ANSWER-the policy owner can change the
beneficiary
Which of these statements is incorrect regarding the
federal income tax
treatment of life insurance? - ANSWER-entire cash surrender
value is taxable
A policy owner is able to choose the frequency of premium
payments through
what policy feature? - ANSWER-
premium mode
A primary beneficiary has died before the insured in a life
insurance policy. A contingent beneficiary is also named in the
policy. Which of the following will occur when the insured dies?
- ANSWER-proceeds will go to the contingent beneficiary
A policy owner's rights are limited under which beneficiary
designation? -
ANSWER-
irrevocable
On a life insurance policy, who is qualified to change
the beneficiary
designation? - ANSWER-
policyholder
, Which of the following statements is correct regarding the
tax treatment of a
lump-sum payment paid to a life insurance policy's
primary beneficiary? -
ANSWER-All proceeds are income tax free in the year they
are received
Which statement is true regarding a minor beneficiary? -
ANSWER-normally, a
guardian is required to be appointed in the Beneficiary clause
of the contract
T and S are named co-primary beneficiaries on a $500,000
Accidental Death and Dismemberment policy insuring their
father. Their mother was named contingent beneficiary. Five
years later, S dies of natural causes and the father is killed in a
scuba accident shortly afterwards. How much of the death
benefit will the mother receive? - ANSWER-$0
C is trying to determine whether to convert her convertible term
life policy to whole life insurance using her original age or
attained age. What factor would affect her decision the most? -
ANSWER-the cost
Which of these terms accurately defines an underwriter's
assessment of
information on a life insurance application? - ANSWER-
risk classification
RECENT EXAM 2026|2027ACTUAL COMPLETE
REAL EXAM QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) ALREADY GRADED A+ |
GUARANTEED SUCCESS!! NEWEST EXAM | JUST
RELEASED!!
What is the underlying concept regarding level premiums? -
ANSWER-the early
years are changed more than what
is needed
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 designation would fulfill this
need? - ANSWER-
irrevocable
A level premium indicates: - ANSWER-the premium is fixed
for the entire
duration of the
contract
,Which statement regarding the Change of Beneficiary
provision is true? -
ANSWER-the policy owner can change the
beneficiary
Which of these statements is incorrect regarding the
federal income tax
treatment of life insurance? - ANSWER-entire cash surrender
value is taxable
A policy owner is able to choose the frequency of premium
payments through
what policy feature? - ANSWER-
premium mode
A primary beneficiary has died before the insured in a life
insurance policy. A contingent beneficiary is also named in the
policy. Which of the following will occur when the insured dies?
- ANSWER-proceeds will go to the contingent beneficiary
A policy owner's rights are limited under which beneficiary
designation? -
ANSWER-
irrevocable
On a life insurance policy, who is qualified to change
the beneficiary
designation? - ANSWER-
policyholder
, Which of the following statements is correct regarding the
tax treatment of a
lump-sum payment paid to a life insurance policy's
primary beneficiary? -
ANSWER-All proceeds are income tax free in the year they
are received
Which statement is true regarding a minor beneficiary? -
ANSWER-normally, a
guardian is required to be appointed in the Beneficiary clause
of the contract
T and S are named co-primary beneficiaries on a $500,000
Accidental Death and Dismemberment policy insuring their
father. Their mother was named contingent beneficiary. Five
years later, S dies of natural causes and the father is killed in a
scuba accident shortly afterwards. How much of the death
benefit will the mother receive? - ANSWER-$0
C is trying to determine whether to convert her convertible term
life policy to whole life insurance using her original age or
attained age. What factor would affect her decision the most? -
ANSWER-the cost
Which of these terms accurately defines an underwriter's
assessment of
information on a life insurance application? - ANSWER-
risk classification
