GA Life and Health Exam Questions and Answers 100% Pass

GA Life and Health Exam Questions and Answers 100% Pass Policyholders elect the governing bodies of which of the following types of insurance companies? - Correct Answer ️️ -Mutual An insurance agent is in violation of the Rules Governing Advertisement of Life Insurance and Annuities if the agent takes which of the following actions during a sales presentation? - Correct Answer ️️ -Refers to guaranteed policy dividends An insurance agent is guilty of twisting if the agent - Correct Answer ️️ -misrepresents a policy to induce a policyowner to surrender an existing policy Q is severely injured in an automobile accident and becomes totally disabled. How many months must Q be disabled before being able to apply for Social Security disability benefits? - Correct Answer ️️ -5 A variable insurance policy - Correct Answer ️️ -does not guarantee a return on its investment accounts Life and health insurance policies are - Correct Answer ️️ -Unilateral contracts What type of life policy covers two people and pays upon the death of the last insured? - Correct Answer ️️ -Survivorship What must the policyowner provide to the insurer for validation that a loss has occurred? - Correct Answer ️️ -Proof of Loss Additional coverage can be added to a Whole Life policy by adding a(n) - Correct Answer ️️ -decreasing term rider Which of these is NOT relevant when determining the amount of personal life insurance needed? - Correct Answer ️️ -Local unemployment rate An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called - Correct Answer ️️ -An installment Refund annuity Which of the following health insurance policy provisions specifies the health care services a policy will provide? - Correct Answer ️️ -Insuring clause Which of these types of coverage is best described as a short term medical policy? - Correct Answer ️️ -interim coverage On an Accidental Death and Dismemberment (AD&D) insurance policy, who is qualified to change the beneficiary designation? - Correct Answer ️️ -Policyowner Which of the following organizations would make reimbursement payments directly to the insured individual for covered medical expenditures? - Correct Answer ️️ - Commercial insurer L takes out a life insurance policy and dies 10 years later. During the claim process, the insurer discovers that L had understated her age on the application. Under the Misstatement of Age provision, the insurer will - Correct Answer ️️ -adjust the death benefit to a reduced amount A level premium indicates - Correct Answer ️️ -the premium is fixed for the entire duration of the contract What benefit does the Payor clause on a Juvenile Life policy provide? - Correct Answer ️️ -Premiums are waived if payor becomes disabled The insuring clause - Correct Answer ️️ -States the scope and limits of the coverage The Replacement of Life Insurance and Annuities regulation is designed to protect the interest of the - Correct Answer ️️ -policyowner Long Term Care policies will usually pay for eligible benefits using which o