Georgia Life Insurance Study Exam TESTBANK
CURRENTLY TESTING VERSIONS OF THE EXAM
WITH QUESTIONS AND CORRECT DETAILED
ANSWERS/EXPERT VERIFIED FOR GUARANTEED
PASS!/LATEST UPDATE
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Practice questions for this set
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Adjustable Life
Choose matching term
Which of the following statements is true about exercising a Guaranteed Insurability
option:
1 I. The new insurance is available at the original issue age rate
II. Evidence of insurability is not required
III. The insured can exercise the option at any time after the age of 21
IV. The maximum purchase is specified in the contract
, A client applied for Life insurance on October 1st. The application was approved and
2 the policy was issued on October 10th. It was delivered to the customer on October
18th. When did the Free Look start?
A business owner with a fluctuating income who wants a life insurance policy that can
3
be changed to suit economic conditions should buy:
A client buys a $50,000 Whole Life policy on himself and wants to add $25,000 in Term
4
coverage for his spouse. He should add which of the following riders to his policy?
Don't know?
Terms in this set (100)
An insurance producer The Financial Industry Regulatory Authority (FINRA,
selling a Variable Annuity formerly the NASD)
whose cash value
depends on the
performance of an
underlying investment
account must be
registered with:
A life insurance policy Variable Life
whose cash value will
fluctuate depending upon
the performance of a
separate account is:
John Livingston owns a 100
30-Pay Life policy that he
purchased at the age of
30. The cash value will
equal the face amount of
the policy when he
reaches the age of:
, Which of the following Term
types of insurance policies
would provide the
greatest amount of
protection for a temporary
period during which an
insured will have limited
financial resources?
Which of the following It is renewable at the option of the insured
statements about a
Renewable Term policy is
true?
An Annuity is designed to I and II
provide which of the
following financial
features?
I. The liquidation of
principal and interest
II. Favorable tax treatment
III. The creation of an
estate
A 45-year old customer Immediate Annuity
who is seeking to
supplement his retirement
income at age 65 would
not buy a:
Which of the following is Life Paid-Up at Age 65
an example of a Limited-
Pay Life policy?
CURRENTLY TESTING VERSIONS OF THE EXAM
WITH QUESTIONS AND CORRECT DETAILED
ANSWERS/EXPERT VERIFIED FOR GUARANTEED
PASS!/LATEST UPDATE
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Adjustable Life
Choose matching term
Which of the following statements is true about exercising a Guaranteed Insurability
option:
1 I. The new insurance is available at the original issue age rate
II. Evidence of insurability is not required
III. The insured can exercise the option at any time after the age of 21
IV. The maximum purchase is specified in the contract
, A client applied for Life insurance on October 1st. The application was approved and
2 the policy was issued on October 10th. It was delivered to the customer on October
18th. When did the Free Look start?
A business owner with a fluctuating income who wants a life insurance policy that can
3
be changed to suit economic conditions should buy:
A client buys a $50,000 Whole Life policy on himself and wants to add $25,000 in Term
4
coverage for his spouse. He should add which of the following riders to his policy?
Don't know?
Terms in this set (100)
An insurance producer The Financial Industry Regulatory Authority (FINRA,
selling a Variable Annuity formerly the NASD)
whose cash value
depends on the
performance of an
underlying investment
account must be
registered with:
A life insurance policy Variable Life
whose cash value will
fluctuate depending upon
the performance of a
separate account is:
John Livingston owns a 100
30-Pay Life policy that he
purchased at the age of
30. The cash value will
equal the face amount of
the policy when he
reaches the age of:
, Which of the following Term
types of insurance policies
would provide the
greatest amount of
protection for a temporary
period during which an
insured will have limited
financial resources?
Which of the following It is renewable at the option of the insured
statements about a
Renewable Term policy is
true?
An Annuity is designed to I and II
provide which of the
following financial
features?
I. The liquidation of
principal and interest
II. Favorable tax treatment
III. The creation of an
estate
A 45-year old customer Immediate Annuity
who is seeking to
supplement his retirement
income at age 65 would
not buy a:
Which of the following is Life Paid-Up at Age 65
an example of a Limited-
Pay Life policy?
