Free Georgia Life & Annuities Insurance Practice Exam 2
Prepare for your licensing exam with our realistic state-specific test questions, complete answers, and detailed rationales.
Exam Structure & Overview
Passing the Georgia insurance exam is the ultimate step toward launching your career as a licensed professional. This practice test consists of 25 high-probability questions sampled to match the general composition of topics tested on the real state licensing examination.
Whether you are preparing for the Life & Annuities lines or a combined license, practicing with mock questions helps cement concepts, improves time management, and reduces test-day anxiety.
Key Practice Focus Areas
- State Laws & Regulations: Specific rules, licensing duties, and consumer protections.
- Policy Provisions & Options: Standard contract clauses, riders, exclusions, and riders.
- General Principles: Underwriting basics, insurance concepts, and legal requirements.
Recommended Study PathTry this practice exam fully. Review each explanation carefully when an answer is submitted. If you feel ready to unlock the full comprehensive question database, visit the main state hub for deeper exam simulations.
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Test 225 Questions
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Life InsuranceSocial Security (OASDI)
A currently insured worker under Social Security must have earned at least:
Georgia Insurance Law & EthicsGeorgia Insurance Code
Under Georgia's incontestability rule for life insurance, an insurer may contest a policy for misrepresentation for how long after the policy is issued?
General InsuranceContracts Terminology
The consideration given by the applicant in an insurance contract is:
General InsuranceUnderwriting & Policy Issuance
When does legal delivery of an insurance policy occur?
Georgia Insurance Law & EthicsProducer Duties & Ethics
A producer's apparent authority is authority that:
Life InsuranceBeneficiaries & Settlement Options
Under the installment refund settlement option:
Life InsuranceLife Insurance Basics
Which of the following is NOT a factor typically used to determine life insurance premiums?
Life InsurancePremiums & Taxes
Which of the following describes the 'cost basis' of a life insurance policy?
Georgia Insurance Law & EthicsGeorgia Insurance Code
Under Georgia law, what is the grace period for an individual life insurance policy?
AnnuitiesSuitability & Taxation
A client, age 62, wants to take a lump-sum distribution from their annuity. What are the tax consequences?
Georgia Insurance Law & EthicsLicensing Requirements
A Georgia resident applies for an insurance license but was previously convicted of a felony involving dishonesty. Which statement best describes the likely outcome?
Life InsuranceBeneficiaries
Who has the right to change a revocable beneficiary designation?
Life InsuranceBeneficiaries
A policyowner wants to ensure that her spouse receives a monthly income from the life insurance proceeds, but also wants to ensure their children receive the principal after the spouse dies. Which settlement option should be chosen?
General InsuranceContracts Terminology
The principle of utmost good faith (uberrima fides) requires:
AnnuitiesSuitability & Taxation
How is the death benefit from an annuity treated for tax purposes if the owner dies during the accumulation phase?
Life InsuranceRiders & Provisions
What is a Life Settlement?
Life InsuranceRiders & Provisions
If a policyowner chooses the 'Accumulate at Interest' dividend option, what is the tax implication?
AnnuitiesAnnuity Basics
The party who receives income from an annuity is called the:
General InsuranceInsurance Marketplace
A captive agent represents:
Georgia Insurance Law & EthicsLicensing Requirements
What minimum score is required to pass the Georgia insurance producer licensing exam?
AnnuitiesSuitability & Taxation
Which of the following is NOT a factor in determining annuity suitability?
Life InsuranceVariable Products
A variable life insurance policy guarantees a minimum:
Life InsuranceBusiness Life Insurance
Which of the following is a primary difference between a cross-purchase buy-sell agreement and an entity (stock redemption) buy-sell agreement?
Life InsuranceRiders & Provisions
Which settlement option will pay out the largest monthly amount to a beneficiary, assuming all other factors are equal?
Life InsurancePremiums & Taxes