GA LIFE/HEALTH INSURANCE
EXAM 2025 QUESTIONS AND
ANSWERS
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.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,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.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
,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.
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
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, 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 initial
premium, and no conditional receipt is issued. When will coverage begin?
A. When the agent submits the application to the company and the company issues
a conditional receipt.
B. When the agent delivers the policy, collects the initial premium, and the
applicant completes an acceptable Statement of Good Health.
C. On the designated effective date.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 4
EXAM 2025 QUESTIONS AND
ANSWERS
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.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,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.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
,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.
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
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, 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 initial
premium, and no conditional receipt is issued. When will coverage begin?
A. When the agent submits the application to the company and the company issues
a conditional receipt.
B. When the agent delivers the policy, collects the initial premium, and the
applicant completes an acceptable Statement of Good Health.
C. On the designated effective date.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 4
