Georgial Lifel Insurancel Examl (Latestl
2026/l 2027l Update)l |l 100%l Verifiedl
Questionsl &l Answersl |l Gradel A
Q:l Whichl ofl thel followingl individuall policyl conversionsl isl usuallyl permittedl withoutl
anyl evidencel ofl insurability?
Answer:
Conversionl froml al Terml policyl tol al Wholel Lifel policy
Q:l Atl agel 30,l Toml Morrisl wishesl tol purchasel al Wholel Lifel policy.l Hisl producerl
explainsl thatl hel canl payl forl thel policyl inl severall ways.l Onel methodl isl calledl 20-Payl
Life,l andl another,l Straightl Life.l Toml wishesl tol knowl whichl planl willl accumulatel cashl
valuel atl al fasterl ratel inl thel earlyl yearsl ofl thel policy.l Whichl ofl thel followingl wouldl
bel thel producer'sl mostl appropriatel response?
Answer:
"20-Payl Lifel willl accumulatel cashl valuel faster."
Q:l Sandral Timms,l agel 27,l isl advisedl byl herl producerl tol purchasel Lifel insurancel tol
coverl al 20-year-amortizedl $50,000l business-improvementl loan.l Whichl ofl thel followingl
plansl wouldl adequatelyl protectl Ms.l Timmsl atl thel minimuml premiuml outlay?
Answer:
Al $50,000l Decreasingl Terml policyl forl 20l years
Q:l Inl orderl tol selll variablel lifel insurancel youl mustl bel registeredl withl whichl ofl thel
following?
Answer:
Thel NASD
,Q:l Whichl ofl thel followingl contractsl requiresl thatl al seriesl ofl benefitl paymentsl bel
madel atl specifiedl intervals?
Answer:
Annuity
Q:l Al lifel insurancel policyl thatl coversl twol parties,l butl onlyl paysl whenl thel lastl partyl
diesl isl knownl as:
Answer:
Survivorshipl Life
Q:l Mostl Terml Lifel insurance:
Answer:
Isl convertiblel tol permanentl Wholel Lifel withoutl al physicall exam
Q:l Ifl al personl wantsl tol investl al lumpl suml inl anl annuityl thatl mayl appreciatel alongl
withl marketl andl economicl conditions,l theyl shouldl buyl a:
Answer:
Variablel Annuity
Q:l Ifl al clientl wantsl cashl valuel lifel insurancel withl al flexiblel premiuml andl anl
adjustablel deathl benefitl thatl willl allowl thel policyl ownerl al choicel ofl variousl cashl valuel
investmentl options,l hel shouldl buy:
Answer:
Variable/Universall Life
, Q:l Whichl ofl thel followingl statementsl isl truel aboutl thel premiuml paymentl schedulel
forl al Wholel Lifel policy?
Answer:
Premiumsl arel payablel throughoutl thel insured'sl lifetime,l andl coveragel continuesl untill thel
insured'sl death
Q:l Whichl ofl thel followingl policiesl providesl thel greatestl amountl ofl protectionl forl anl
insured'sl premiuml dollarl asl welll asl somel cashl accumulation?
Answer:
Wholel Life
Q:l Whichl ofl thel followingl isl NOTl correctl regardingl Ordinaryl Wholel Lifel policies?
Answer:
Thel cashl valuel growsl morel quicklyl inl thel beginningl yearsl ofl thel policy
Q:l Al businessl ownerl withl al fluctuatingl incomel whol wantsl al lifel insurancel policyl
thatl canl bel changedl tol suitl economicl conditionsl shouldl buy:
Answer:
Adjustablel Life
Q:l Whichl ofl thel followingl isl anl examplel ofl al Limited-Payl Lifel policy:
Answer:
20-Payl Life
Q:l Al lifel insurancel policyl thatl combinesl terml insurancel protection,l al flexiblel
premium,l andl cashl valuel accumulationl is:
2026/l 2027l Update)l |l 100%l Verifiedl
Questionsl &l Answersl |l Gradel A
Q:l Whichl ofl thel followingl individuall policyl conversionsl isl usuallyl permittedl withoutl
anyl evidencel ofl insurability?
Answer:
Conversionl froml al Terml policyl tol al Wholel Lifel policy
Q:l Atl agel 30,l Toml Morrisl wishesl tol purchasel al Wholel Lifel policy.l Hisl producerl
explainsl thatl hel canl payl forl thel policyl inl severall ways.l Onel methodl isl calledl 20-Payl
Life,l andl another,l Straightl Life.l Toml wishesl tol knowl whichl planl willl accumulatel cashl
valuel atl al fasterl ratel inl thel earlyl yearsl ofl thel policy.l Whichl ofl thel followingl wouldl
bel thel producer'sl mostl appropriatel response?
Answer:
"20-Payl Lifel willl accumulatel cashl valuel faster."
Q:l Sandral Timms,l agel 27,l isl advisedl byl herl producerl tol purchasel Lifel insurancel tol
coverl al 20-year-amortizedl $50,000l business-improvementl loan.l Whichl ofl thel followingl
plansl wouldl adequatelyl protectl Ms.l Timmsl atl thel minimuml premiuml outlay?
Answer:
Al $50,000l Decreasingl Terml policyl forl 20l years
Q:l Inl orderl tol selll variablel lifel insurancel youl mustl bel registeredl withl whichl ofl thel
following?
Answer:
Thel NASD
,Q:l Whichl ofl thel followingl contractsl requiresl thatl al seriesl ofl benefitl paymentsl bel
madel atl specifiedl intervals?
Answer:
Annuity
Q:l Al lifel insurancel policyl thatl coversl twol parties,l butl onlyl paysl whenl thel lastl partyl
diesl isl knownl as:
Answer:
Survivorshipl Life
Q:l Mostl Terml Lifel insurance:
Answer:
Isl convertiblel tol permanentl Wholel Lifel withoutl al physicall exam
Q:l Ifl al personl wantsl tol investl al lumpl suml inl anl annuityl thatl mayl appreciatel alongl
withl marketl andl economicl conditions,l theyl shouldl buyl a:
Answer:
Variablel Annuity
Q:l Ifl al clientl wantsl cashl valuel lifel insurancel withl al flexiblel premiuml andl anl
adjustablel deathl benefitl thatl willl allowl thel policyl ownerl al choicel ofl variousl cashl valuel
investmentl options,l hel shouldl buy:
Answer:
Variable/Universall Life
, Q:l Whichl ofl thel followingl statementsl isl truel aboutl thel premiuml paymentl schedulel
forl al Wholel Lifel policy?
Answer:
Premiumsl arel payablel throughoutl thel insured'sl lifetime,l andl coveragel continuesl untill thel
insured'sl death
Q:l Whichl ofl thel followingl policiesl providesl thel greatestl amountl ofl protectionl forl anl
insured'sl premiuml dollarl asl welll asl somel cashl accumulation?
Answer:
Wholel Life
Q:l Whichl ofl thel followingl isl NOTl correctl regardingl Ordinaryl Wholel Lifel policies?
Answer:
Thel cashl valuel growsl morel quicklyl inl thel beginningl yearsl ofl thel policy
Q:l Al businessl ownerl withl al fluctuatingl incomel whol wantsl al lifel insurancel policyl
thatl canl bel changedl tol suitl economicl conditionsl shouldl buy:
Answer:
Adjustablel Life
Q:l Whichl ofl thel followingl isl anl examplel ofl al Limited-Payl Lifel policy:
Answer:
20-Payl Life
Q:l Al lifel insurancel policyl thatl combinesl terml insurancel protection,l al flexiblel
premium,l andl cashl valuel accumulationl is:
