GA Life/Health Insurance Exam With 132 Ques ons and
answers newest RATED A+ 2025/2026
A ained Age - Correct Answers insured's age at the me the policy is issued or renewed.
Cash Value - Correct Answers A policy's savings element or living benefit.
Face Amount - Correct Answers The amount of benefit stated in the life insurance policy.
Fixed life insurance - Correct Answers contracts that offer guaranteed minimum or fixed
benefits.
Deferred - Correct Answers with-held or postponed un l a specified me or event in the
future.
Endow - Correct Answers the cash value of a whole life policy has reached the contractual
face amount.
Level Premium - Correct Answers the premium that does not change throughout the life of a
policy.
Liquida on of an estate - Correct Answers conver ng a person's net worth into a cash flow.
Non-forfeiture values - Correct Answers benefits in a life insurance policy that the policy
owner cannot lose even if the policy is surrendered or lapses.
Policy maturity - Correct Answers in life policies, the me when the face value is paid out.
, Qualified plan - Correct Answers a re rement plan that meets IRS guidelines for receiving
favorable tax treatment
Securi es - Correct Answers financial instruments that may trade for value (ex: stocks, bonds,
op ons).
Suitability - Correct Answers a requirement to determine if an insurance product is
appropriate for a customer
variable life insurance - Correct Answers contracts in which the cash values accumulate based
upon specific por4olio of stocks without guarantees of performance.
Term life - Correct Answers is temporary protec on because it only provides coverage for a
specific period of me. Also known as; provide for the greatest amount of coverage for the
lowest premium as compared to any other form of protec on. Usually a max age offered.
Term Life - Correct Answers Provide pure death protec on - if the insured dies during the
term, the policy pays the death benefit to the beneficiary.
Types of Term Life - Correct Answers Level, Increasing, Decreasing
Level term insurance - Correct Answers is the most common type. the word level refers to the
death benefit that does not change throughout the life of the policy.
Annually Renewable term (ART) - Correct Answers Is the purest form of term insurance - the
death benefit remains level (in the sense it's level term policy). The policy may be guaranteed to
be renewable each year with out proof of insurability - but the premium increases annually
according the the a ained age - as the probability of death increases.
, Decreasing Term - Correct Answers policies feature a level premium and a death benefit that
decreases each year over the dura on of the policy term. Primarily used when the amount of
needed protec on is me sensi ve. Ex: mortgage or other debts. - The amount of coverage
thereby decreases as the outstanding loan balance decreases each year. Usually convertable -
however it is usually not renewable since the death benefit is $0 at the end of the policy term.
Which of the following statements is TRUE concerning the Accidental Death Rider?
A. It is also known as a triple indemnity rider
B. This rider is only available to insureds over the age of 65
C. It is only available in group insurance
D. IT WILL PAY DOUBLE OR TRIPLE THE FACE AMOUNT - Correct Answers D. It will pay double
or triple the face amount.
An agent and an applicant for a life insurance policy fill out and sign the applica on. However,
the applicant does not wish to give the agent the ini al premium, and no condi onal receipt is
issued. When will coverage begin?
A. When the agent submits the applica on to the company and the company issues a
condi onal receipt.
B. When the agent delivers the policy, collects the ini al premium, and the applicant completes
an acceptable Statement of Good Health.
C. On the designated effec ve date.
D. On the applica on date. - Correct Answers B. When the agent delivers the policy, collects
the ini al premium, and the applicant completes an acceptable Statement of Good Health.
Individual and group accident and sickness policies that cover what kinds of losses must also
provide for newborns, from the moment of birth, with all health insurance benefits applicable
to children?
, A. specified child-related losses.
B. Health-related losses for the mother
C. Maternity Losses
D. Losses that happen to family members. - Correct Answers D. Losses that happen to family
members un l 31 days.
Which provision allows the policyholder a period of me, while coverage is in force, to examine
a health insurance policy and determine whether or not to keep it?
A. Free Look Period
B. Grace Period
C. Elimina on Period
D. Proba onary Period - Correct Answers A. Free Look Period
All of the following and dividend op ons except?
A. Reduc on of premium
B. Paid-up addi ons
C. Fixed-period installments
D. Accumulated at interest - Correct Answers C. Fixed-period installments
An insured wants to name her husband as the beneficiary of her health policy. She also wishes
to retain all of the rights of ownership. The insured should have her husband name as what type
of beneficiary?
A. Primary
B. Con ngent
answers newest RATED A+ 2025/2026
A ained Age - Correct Answers insured's age at the me the policy is issued or renewed.
Cash Value - Correct Answers A policy's savings element or living benefit.
Face Amount - Correct Answers The amount of benefit stated in the life insurance policy.
Fixed life insurance - Correct Answers contracts that offer guaranteed minimum or fixed
benefits.
Deferred - Correct Answers with-held or postponed un l a specified me or event in the
future.
Endow - Correct Answers the cash value of a whole life policy has reached the contractual
face amount.
Level Premium - Correct Answers the premium that does not change throughout the life of a
policy.
Liquida on of an estate - Correct Answers conver ng a person's net worth into a cash flow.
Non-forfeiture values - Correct Answers benefits in a life insurance policy that the policy
owner cannot lose even if the policy is surrendered or lapses.
Policy maturity - Correct Answers in life policies, the me when the face value is paid out.
, Qualified plan - Correct Answers a re rement plan that meets IRS guidelines for receiving
favorable tax treatment
Securi es - Correct Answers financial instruments that may trade for value (ex: stocks, bonds,
op ons).
Suitability - Correct Answers a requirement to determine if an insurance product is
appropriate for a customer
variable life insurance - Correct Answers contracts in which the cash values accumulate based
upon specific por4olio of stocks without guarantees of performance.
Term life - Correct Answers is temporary protec on because it only provides coverage for a
specific period of me. Also known as; provide for the greatest amount of coverage for the
lowest premium as compared to any other form of protec on. Usually a max age offered.
Term Life - Correct Answers Provide pure death protec on - if the insured dies during the
term, the policy pays the death benefit to the beneficiary.
Types of Term Life - Correct Answers Level, Increasing, Decreasing
Level term insurance - Correct Answers is the most common type. the word level refers to the
death benefit that does not change throughout the life of the policy.
Annually Renewable term (ART) - Correct Answers Is the purest form of term insurance - the
death benefit remains level (in the sense it's level term policy). The policy may be guaranteed to
be renewable each year with out proof of insurability - but the premium increases annually
according the the a ained age - as the probability of death increases.
, Decreasing Term - Correct Answers policies feature a level premium and a death benefit that
decreases each year over the dura on of the policy term. Primarily used when the amount of
needed protec on is me sensi ve. Ex: mortgage or other debts. - The amount of coverage
thereby decreases as the outstanding loan balance decreases each year. Usually convertable -
however it is usually not renewable since the death benefit is $0 at the end of the policy term.
Which of the following statements is TRUE concerning the Accidental Death Rider?
A. It is also known as a triple indemnity rider
B. This rider is only available to insureds over the age of 65
C. It is only available in group insurance
D. IT WILL PAY DOUBLE OR TRIPLE THE FACE AMOUNT - Correct Answers D. It will pay double
or triple the face amount.
An agent and an applicant for a life insurance policy fill out and sign the applica on. However,
the applicant does not wish to give the agent the ini al premium, and no condi onal receipt is
issued. When will coverage begin?
A. When the agent submits the applica on to the company and the company issues a
condi onal receipt.
B. When the agent delivers the policy, collects the ini al premium, and the applicant completes
an acceptable Statement of Good Health.
C. On the designated effec ve date.
D. On the applica on date. - Correct Answers B. When the agent delivers the policy, collects
the ini al premium, and the applicant completes an acceptable Statement of Good Health.
Individual and group accident and sickness policies that cover what kinds of losses must also
provide for newborns, from the moment of birth, with all health insurance benefits applicable
to children?
, A. specified child-related losses.
B. Health-related losses for the mother
C. Maternity Losses
D. Losses that happen to family members. - Correct Answers D. Losses that happen to family
members un l 31 days.
Which provision allows the policyholder a period of me, while coverage is in force, to examine
a health insurance policy and determine whether or not to keep it?
A. Free Look Period
B. Grace Period
C. Elimina on Period
D. Proba onary Period - Correct Answers A. Free Look Period
All of the following and dividend op ons except?
A. Reduc on of premium
B. Paid-up addi ons
C. Fixed-period installments
D. Accumulated at interest - Correct Answers C. Fixed-period installments
An insured wants to name her husband as the beneficiary of her health policy. She also wishes
to retain all of the rights of ownership. The insured should have her husband name as what type
of beneficiary?
A. Primary
B. Con ngent
