GA Life, Health and Accident Insurance Exam 2024 with 100% correct answers

An individual wishes to purchase whole life Insurance but does not wish to pay premiums past retirement age. Which of the following policies should the person buy? - correct answer Limited pay In addition to the Insurance Department, who has the authority to regulate variable life insurance? - correct answer Securities Exchange Commission Rules and regulations made by the Commissioner of Insurance must be approved by the - correct answer Georgia Attorney General Which of the following has the greatest impact in making one individual's life insurance premium different from that of another individual, assuming both own the same type of policy? - correct answer The policy's mortality factor Frank is the insured in a $40,000, 5-year level term policy issued in 2001. He died in 2007. His beneficiary received - correct answer nothing Michelle, age 31, just purchased a $50,000 variable life insurance policy. With regard to her policy, which of the following statements is NOT correct - correct answer At her death, her beneficiary may receive more or less than $50,000 in proceeds.