Georgia Pre-License Certification Exam
(Life General)
A client wants cash value life insurance with a flexible premium and an
adjustable death benefit that will allow him to self direct where the cash
value is invested. He should buy: Correct answers Variable/Universal life
On an application for life insurance which of the following statements is
correct? Correct answers The applicant is required to make representations
What type of insurance contract is measured in units? Correct answers
Variable annuity
Upon the insured's death 5 years after he bought the policy, the insurer
determines that there was material misrepresentation on application Correct
answers They must pay the claim
The purpose of the suicide exclusion is to: Correct answers Exclude
coverage for those contemplating suicide
Policies written on a third party ownership basis are usually written to
cover: Correct answers Family members or business needs
Term conversion is based upon: Correct answers Current age
On submittal of an application, why is it important for a producer to deliver
a policy and its collect premium ASAP? Correct answers Insured is waiting
for coverage to start
All of the following are correct statements about representations,
EXCEPT: Correct answers Representations are guarantees of truth
Survivorship life is often purchased to: Correct answers Help with estate
planning
A customer buys $20,000 life insurance policy with a $20,000 AD&D rider.
The rider will pay double if the insured dies of: Correct answers Car accident
A 30 year old wants cash value life insurance that will cover him until he dies
but that he can pay up before he retires at age 60. He should buy: Correct
answers 30 pay life
On submittal of application, when delivering the policy: Correct
answers Producer should get 1st premium and statement of continued
good health
(Life General)
A client wants cash value life insurance with a flexible premium and an
adjustable death benefit that will allow him to self direct where the cash
value is invested. He should buy: Correct answers Variable/Universal life
On an application for life insurance which of the following statements is
correct? Correct answers The applicant is required to make representations
What type of insurance contract is measured in units? Correct answers
Variable annuity
Upon the insured's death 5 years after he bought the policy, the insurer
determines that there was material misrepresentation on application Correct
answers They must pay the claim
The purpose of the suicide exclusion is to: Correct answers Exclude
coverage for those contemplating suicide
Policies written on a third party ownership basis are usually written to
cover: Correct answers Family members or business needs
Term conversion is based upon: Correct answers Current age
On submittal of an application, why is it important for a producer to deliver
a policy and its collect premium ASAP? Correct answers Insured is waiting
for coverage to start
All of the following are correct statements about representations,
EXCEPT: Correct answers Representations are guarantees of truth
Survivorship life is often purchased to: Correct answers Help with estate
planning
A customer buys $20,000 life insurance policy with a $20,000 AD&D rider.
The rider will pay double if the insured dies of: Correct answers Car accident
A 30 year old wants cash value life insurance that will cover him until he dies
but that he can pay up before he retires at age 60. He should buy: Correct
answers 30 pay life
On submittal of application, when delivering the policy: Correct
answers Producer should get 1st premium and statement of continued
good health
