Ga state license practice exam (16)

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Miami Dade College, Miami *

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2013

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Economics

Date

Nov 24, 2024

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pdf

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GA State License Practice Questions and Answers (Latest 2023/24) Pay off mortgage should the insured dies is called? - correct answers ✅ Mortgage Protection Decreasing term provides a face amount that decreases to zero (0) over the policy period. A common use of decreasing term is? - correct answers ✅ Mortgage protection-pay off the mortgage if the insured dies Allows insured to purchase additional amounts coverage at a specified age. - correct answers ✅ Guaranteed Insurability Rider Which Whole Life policy has several premium increases that occur annually during each year of the step-rate premium period? Usually occurs the first five or ten years of the policy. - correct answers ✅ Graded Premium Whole Life policy Which whole life policy is similar to the graded whole life policy? - correct answers ✅ Modified Whole Life policy
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