GA Life/Health Insurance Exam
2025/2026 Exam Questions with 100%
Correct Answers | Latest Update
Attained Age - 🧠ANSWER ✔✔insured's age at the time the policy is issued
or renewed.
Cash Value - 🧠ANSWER ✔✔A policy's savings element or living benefit.
Face Amount - 🧠ANSWER ✔✔The amount of benefit stated in the life
insurance policy.
Fixed life insurance - 🧠ANSWER ✔✔contracts that offer guaranteed
minimum or fixed benefits.
Deferred - 🧠ANSWER ✔✔with-held or postponed until a specified time or
event in the future.
,Endow - 🧠ANSWER ✔✔the cash value of a whole life policy has reached
the contractual face amount.
Level Premium - 🧠ANSWER ✔✔the premium that does not change
throughout the life of a policy.
Liquidation of an estate - 🧠ANSWER ✔✔converting a person's net worth
into a cash flow.
Non-forfeiture values - 🧠ANSWER ✔✔benefits in a life insurance policy that
the policy owner cannot lose even if the policy is surrendered or lapses.
Policy maturity - 🧠ANSWER ✔✔in life policies, the time when the face value
is paid out.
Qualified plan - 🧠ANSWER ✔✔a retirement plan that meets IRS guidelines
for receiving favorable tax treatment
Securities - 🧠ANSWER ✔✔financial instruments that may trade for value
(ex: stocks, bonds, options).
Suitability - 🧠ANSWER ✔✔a requirement to determine if an insurance
product is appropriate for a customer
,variable life insurance - 🧠ANSWER ✔✔contracts in which the cash values
accumulate based upon specific portfolio of stocks without guarantees of
performance.
Term life - 🧠ANSWER ✔✔is temporary protection because it only provides
coverage for a specific period of time. Also known as; provide for the
greatest amount of coverage for the lowest premium as compared to any
other form of protection. Usually a max age offered.
Term Life - 🧠ANSWER ✔✔Provide pure death protection - if the insured
dies during the term, the policy pays the death benefit to the beneficiary.
Types of Term Life - 🧠ANSWER ✔✔Level, Increasing, Decreasing
Level term insurance - 🧠ANSWER ✔✔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) - 🧠ANSWER ✔✔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
attained age - as the probability of death increases.
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, Decreasing Term - 🧠ANSWER ✔✔policies feature a level premium and a
death benefit that decreases each year over the duration of the policy term.
Primarily used when the amount of needed protection is time sensitive. 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 - 🧠ANSWER
✔✔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
application. However, the applicant does not wish to give the agent the
2025/2026 Exam Questions with 100%
Correct Answers | Latest Update
Attained Age - 🧠ANSWER ✔✔insured's age at the time the policy is issued
or renewed.
Cash Value - 🧠ANSWER ✔✔A policy's savings element or living benefit.
Face Amount - 🧠ANSWER ✔✔The amount of benefit stated in the life
insurance policy.
Fixed life insurance - 🧠ANSWER ✔✔contracts that offer guaranteed
minimum or fixed benefits.
Deferred - 🧠ANSWER ✔✔with-held or postponed until a specified time or
event in the future.
,Endow - 🧠ANSWER ✔✔the cash value of a whole life policy has reached
the contractual face amount.
Level Premium - 🧠ANSWER ✔✔the premium that does not change
throughout the life of a policy.
Liquidation of an estate - 🧠ANSWER ✔✔converting a person's net worth
into a cash flow.
Non-forfeiture values - 🧠ANSWER ✔✔benefits in a life insurance policy that
the policy owner cannot lose even if the policy is surrendered or lapses.
Policy maturity - 🧠ANSWER ✔✔in life policies, the time when the face value
is paid out.
Qualified plan - 🧠ANSWER ✔✔a retirement plan that meets IRS guidelines
for receiving favorable tax treatment
Securities - 🧠ANSWER ✔✔financial instruments that may trade for value
(ex: stocks, bonds, options).
Suitability - 🧠ANSWER ✔✔a requirement to determine if an insurance
product is appropriate for a customer
,variable life insurance - 🧠ANSWER ✔✔contracts in which the cash values
accumulate based upon specific portfolio of stocks without guarantees of
performance.
Term life - 🧠ANSWER ✔✔is temporary protection because it only provides
coverage for a specific period of time. Also known as; provide for the
greatest amount of coverage for the lowest premium as compared to any
other form of protection. Usually a max age offered.
Term Life - 🧠ANSWER ✔✔Provide pure death protection - if the insured
dies during the term, the policy pays the death benefit to the beneficiary.
Types of Term Life - 🧠ANSWER ✔✔Level, Increasing, Decreasing
Level term insurance - 🧠ANSWER ✔✔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) - 🧠ANSWER ✔✔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
attained age - as the probability of death increases.
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, Decreasing Term - 🧠ANSWER ✔✔policies feature a level premium and a
death benefit that decreases each year over the duration of the policy term.
Primarily used when the amount of needed protection is time sensitive. 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 - 🧠ANSWER
✔✔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
application. However, the applicant does not wish to give the agent the
