GA LIFE INSURANCE NEWEST EXAM 2025
WITH MULTIPLE CHOICE OF QUESTIONS
AND DETAILED SOLVED SOLUTIONS
ALREADY GRADED A+ AND 100%
GUARANTEE PASS (JUST RELEASED!!!!!!)
Statements made on an insurance application that are believed
to be true to the best of the applicant's knowledge are called: -
CORRECT ANSWER-representations
Which of the following consists of an offer, acceptance, and
consideration? - CORRECT ANSWER-contract
Which of these require an offer, acceptance, and consideration?
- CORRECT ANSWER-contract
In regards to representation or warranties, which of these
statements is TRUE? - CORRECT ANSWER-If material to the risk,
false representation will void a policy
Insurance policies are offered on a "take it or leave it" basis,
which make them: - CORRECT ANSWER-Contracts of Adhesion
A life insurance policy would be considered a wagering contract
WITHOUT: - CORRECT ANSWER-insurable interest
,Insurance policies are considered aleatory contracts because -
CORRECT ANSWER-performance is conditioned upon a future
occurance
Life and health insurance policies are: - CORRECT ANSWER-
Unilateral contracts
Who makes the legally enforceable promises in a unilateral
contract? - CORRECT ANSWER-insurance company
When must insurable interest be present in order for a life
insurance policy to be valid? - CORRECT ANSWER-when the
application is made
Which of these is NOT a type of agent authority - CORRECT ANSWER-
principal
When third-party ownership is involved, applicants who also
happen to be the stated primary beneficiary are required to
have: - CORRECT ANSWER-insurable interest in the proposed insured
What kind of life insurance policy pays a specified monthly
income to a beneficiary for 30 years and then pays a lump sum
benefit at the end of that 30 years? - CORRECT ANSWER-family
maintenance policy
When is the face amount paid under a Joint Life and Survivor
policy? - CORRECT ANSWER-upon the death of the insured
, A 15-year mortgage is best protected by what kind of life policy?
- CORRECT ANSWER-15-year decreasing term
A term life insurance policy matures: - CORRECT ANSWER-upon the
insured's death during the term of the policy
The amount of coverage on a group credit life policy is limited
to: - CORRECT ANSWER-the insured's total loan value
Which statement is TRUE regarding a Variable Whole Life
policy? - CORRECT ANSWER-a minimum guaranteed Death benefit is
provided
Life insurance that covers an insured's whole life with level
premiums paid over a limited time is called: - CORRECT ANSWER-
limited pay life
Which of the following characteristics is CORRECT about
Interest Sensitive Whole Life? - CORRECT ANSWER-premium
payments can vary
What kind of life insurance product covers children under their
parent's policy? - CORRECT ANSWER-term rider
Which of the following policies is characterized by a flexible
premium and death benefit and allows the policy owner control
of the investment aspect of the plan? - CORRECT ANSWER-variable
universal life
WITH MULTIPLE CHOICE OF QUESTIONS
AND DETAILED SOLVED SOLUTIONS
ALREADY GRADED A+ AND 100%
GUARANTEE PASS (JUST RELEASED!!!!!!)
Statements made on an insurance application that are believed
to be true to the best of the applicant's knowledge are called: -
CORRECT ANSWER-representations
Which of the following consists of an offer, acceptance, and
consideration? - CORRECT ANSWER-contract
Which of these require an offer, acceptance, and consideration?
- CORRECT ANSWER-contract
In regards to representation or warranties, which of these
statements is TRUE? - CORRECT ANSWER-If material to the risk,
false representation will void a policy
Insurance policies are offered on a "take it or leave it" basis,
which make them: - CORRECT ANSWER-Contracts of Adhesion
A life insurance policy would be considered a wagering contract
WITHOUT: - CORRECT ANSWER-insurable interest
,Insurance policies are considered aleatory contracts because -
CORRECT ANSWER-performance is conditioned upon a future
occurance
Life and health insurance policies are: - CORRECT ANSWER-
Unilateral contracts
Who makes the legally enforceable promises in a unilateral
contract? - CORRECT ANSWER-insurance company
When must insurable interest be present in order for a life
insurance policy to be valid? - CORRECT ANSWER-when the
application is made
Which of these is NOT a type of agent authority - CORRECT ANSWER-
principal
When third-party ownership is involved, applicants who also
happen to be the stated primary beneficiary are required to
have: - CORRECT ANSWER-insurable interest in the proposed insured
What kind of life insurance policy pays a specified monthly
income to a beneficiary for 30 years and then pays a lump sum
benefit at the end of that 30 years? - CORRECT ANSWER-family
maintenance policy
When is the face amount paid under a Joint Life and Survivor
policy? - CORRECT ANSWER-upon the death of the insured
, A 15-year mortgage is best protected by what kind of life policy?
- CORRECT ANSWER-15-year decreasing term
A term life insurance policy matures: - CORRECT ANSWER-upon the
insured's death during the term of the policy
The amount of coverage on a group credit life policy is limited
to: - CORRECT ANSWER-the insured's total loan value
Which statement is TRUE regarding a Variable Whole Life
policy? - CORRECT ANSWER-a minimum guaranteed Death benefit is
provided
Life insurance that covers an insured's whole life with level
premiums paid over a limited time is called: - CORRECT ANSWER-
limited pay life
Which of the following characteristics is CORRECT about
Interest Sensitive Whole Life? - CORRECT ANSWER-premium
payments can vary
What kind of life insurance product covers children under their
parent's policy? - CORRECT ANSWER-term rider
Which of the following policies is characterized by a flexible
premium and death benefit and allows the policy owner control
of the investment aspect of the plan? - CORRECT ANSWER-variable
universal life
