GA LIFE INSURANCE EXAM 2026 | ACTUAL EXAM
QUESTIONS AND CORRECT ANSWERS | VERIFIED
ANSWERS | JUST RELEASED | UPDATED VERSION
T and S are named co-primary beneficiaries on a $500,000 Accidental
Death and Dismemberment policy insuring their father. Their mother
was named contingent beneficiary. Five years later, S dies of natural
causes and the father is killed in a scuba accident shortly afterwards.
How much of the death benefit will the mother receive? ---------
CORRECT ANSWER-----------------$0
C is trying to determine whether to convert her convertible term life
policy to whole life insurance using her original age or attained age.
What factor would affect her decision the most? ---------CORRECT
ANSWER-----------------the cost
Which of these terms accurately defines an underwriter's assessment
of information on a life insurance application? ---------CORRECT
ANSWER-----------------risk classification
,Which Federal law allows an insurer to obtain an inspection report on a
potential insured? ---------CORRECT ANSWER-----------------Fair Credit
Reporting Act
The USA Patriot Act was enacted in: ---------CORRECT ANSWER-------------
----2001
P is a producer who notices 5 questions on a life application were not
answered. What actions should P take? ---------CORRECT ANSWER--------
---------set up a meeting with the applicant to answer the remaining
questions
Before a life insurance policy is issued, which of these components of
the contract is required? ---------CORRECT ANSWER-----------------
applicant's signature on application
A life insurance application must be signed by all these, EXCEPT: ---------
CORRECT ANSWER-----------------beneficiary
, A Medical Information Report (MIB) report may disclose which of the
following: ---------CORRECT ANSWER-----------------prior use of marjuana
What does the ownership clause in a life insurance policy state? ---------
CORRECT ANSWER-----------------who the policy owner is and what rights
the policy owner is entitled to
S would like to use dividends from her life insurance policy to purchase
paid-up additions. All of these would be factors that determine how
much coverage can be purchased EXCEPT: ---------CORRECT ANSWER-----
------------beneficiary's age
J would like to maintain the right to change beneficiaries. Which
beneficiary designation should be used? ---------CORRECT ANSWER-------
----------Revocable
What is the underlying concept regarding level premiums? ---------
CORRECT ANSWER-----------------the early years are changed more than
what is needed
QUESTIONS AND CORRECT ANSWERS | VERIFIED
ANSWERS | JUST RELEASED | UPDATED VERSION
T and S are named co-primary beneficiaries on a $500,000 Accidental
Death and Dismemberment policy insuring their father. Their mother
was named contingent beneficiary. Five years later, S dies of natural
causes and the father is killed in a scuba accident shortly afterwards.
How much of the death benefit will the mother receive? ---------
CORRECT ANSWER-----------------$0
C is trying to determine whether to convert her convertible term life
policy to whole life insurance using her original age or attained age.
What factor would affect her decision the most? ---------CORRECT
ANSWER-----------------the cost
Which of these terms accurately defines an underwriter's assessment
of information on a life insurance application? ---------CORRECT
ANSWER-----------------risk classification
,Which Federal law allows an insurer to obtain an inspection report on a
potential insured? ---------CORRECT ANSWER-----------------Fair Credit
Reporting Act
The USA Patriot Act was enacted in: ---------CORRECT ANSWER-------------
----2001
P is a producer who notices 5 questions on a life application were not
answered. What actions should P take? ---------CORRECT ANSWER--------
---------set up a meeting with the applicant to answer the remaining
questions
Before a life insurance policy is issued, which of these components of
the contract is required? ---------CORRECT ANSWER-----------------
applicant's signature on application
A life insurance application must be signed by all these, EXCEPT: ---------
CORRECT ANSWER-----------------beneficiary
, A Medical Information Report (MIB) report may disclose which of the
following: ---------CORRECT ANSWER-----------------prior use of marjuana
What does the ownership clause in a life insurance policy state? ---------
CORRECT ANSWER-----------------who the policy owner is and what rights
the policy owner is entitled to
S would like to use dividends from her life insurance policy to purchase
paid-up additions. All of these would be factors that determine how
much coverage can be purchased EXCEPT: ---------CORRECT ANSWER-----
------------beneficiary's age
J would like to maintain the right to change beneficiaries. Which
beneficiary designation should be used? ---------CORRECT ANSWER-------
----------Revocable
What is the underlying concept regarding level premiums? ---------
CORRECT ANSWER-----------------the early years are changed more than
what is needed
