Georgia life - Study guides, Class notes & Summaries

XCEL SOLUTIONS: Georgia Life-Only Pre-Licensing questions and answers

A student pilot can pay regular premium costs for her life insurance policy with the addition of which of the following? -Guaranteed Insurability rider -Aviation exclusion -Impairment rider -Accidental Death Benefit rider - -Aviation exclusion A life insurance policyowner would like to take out a policy loan against the cash value in his Whole Life policy. The interest rate applied to this loan may vary over time. This is referred to as a(n) ____________ rate loan. -Fluctuating -Fixed ...

Why would the commissioner examine an insurer's records - Answer to determine the solvency of the insurer The guarantee of insurability option provides a long-term care policy owner the ability to - Answer buy additional coverage at a later date Which of the following statements best describes what legal action provision of an accident and health policy requires - Answer And insured must wait at least 60 days after proof of loss has been submitted before a lawsuit can be filed Wh...

Georgia Life Insurance Exam new update

Georgia Life and Health Insurance Complete Solutions Accident ️An unplanned unforseen event which occurs suddenly at an unspecified place Accident insurance ️A type of insurance that protects the insured against loss due to an accidental bodily injury Accidental bodily injury ️Unplanned unforseen traumatic injury to the body Accidental Death and Dismemberment ️An insurance policy which pays a specified number or specified multiple of the insurer's benefit if the insured dies...

Accident - Answer An unplanned unforseen event which occurs suddenly at an unspecified place Accident insurance - Answer A type of insurance that protects the insured against loss due to an accidental bodily injury Accidental bodily injury - Answer Unplanned unforseen traumatic injury to the body Accidental Death and Dismemberment - Answer An insurance policy which pays a specified number or specified multiple of the insurer's benefit if the insured dies, loses his/her sight, o...

Accident - Answer-An unplanned unforseen event which occurs suddenly at an unspecified place Accident insurance - Answer-A type of insurance that protects the insured against loss due to an accidental bodily injury Accidental bodily injury - Answer-Unplanned unforseen traumatic injury to the body Accidental Death and Dismemberment - Answer-An insurance policy which pays a specified number or specified multiple of the insurer's benefit if the insured dies, loses his/her sight, or loses two ...

An insurance producer selling a Variable Annuity whose cash value depends on the performance of an underlying investment account must be registered with: - correct answer The Financial Industry Regulatory Authority (FINRA, formerly the NASD) A life insurance policy whose cash value will fluctuate depending upon the performance of a separate account is: - correct answer Variable Life John Livingston owns a 30-Pay Life policy that he purchased at the age of 30. The cash value will equal the ...

Georgia Life, Accident, & Sickness Exam Study Guide with Complete Solutions Insurance - Correct Answer ️️ -A social device for spreading the chance of financial loss among a large number of people. A method of transferring risks to the insurance company. Risk - Correct Answer ️️ -Shared by all those people buying like coverage's Types of Risk? - Correct Answer ️️ -Speculative and Pure Speculative Risk - Correct Answer ️️ -Gambling. Insurance DOES NOT cover this. Insuranc...

Georgia Laws Life insurance Exam Questions and Answers 100% Pass when the commissioner examines an insurer's records, who pays the cost associated with the examination. - Correct Answer ️️ -the insurance company being examined which of the following documents must an agent submit to the replacing insurance company during the replacement of an existing life insurance policy? - Correct Answer ️️ -notice to existing and replacing insurers on intention to replace All agents licensed ...