GA Life and Health Questions and Answers 100% Pass

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GA Life and Health Questions and Answers 100% Pass Policyholders elect the governing bodies of which of the following types of insurance companies? ✔✔Mutual An insurance agent is in violation ... of the Rules Governing Advertisement of Life Insurance and Annuities if the agent takes which of the following actions during a sales presentation? ✔✔Refers to guaranteed policy dividends An insurance agent is guilty of twisting if the agent ✔✔misrepresents a policy to induce a policyowner to surrender an existing policy Q is severely injured in an automobile accident and becomes totally disabled. How many months must Q be disabled before being able to apply for Social Security disability benefits? ✔✔5 A variable insurance policy ✔✔does not guarantee a return on its investment accounts Life and health insurance policies are ✔✔Unilateral contracts What type of life policy covers two people and pays upon the death of the last insured? ✔✔Survivorship What must the policyowner provide to the insurer for validation that a loss has occurred? ✔✔Proof of Loss Additional coverage can be added to a Whole Life policy by adding a(n) ✔✔decreasing term rider Which of these is NOT relevant when determining the amount of personal life insurance needed? ✔✔Local unemployment rate An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called ✔✔An installment Refund annuity Which of the following health insurance policy provisions specifies the health care services a policy will provide? ✔✔Insuring clau [Show More]

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