Certification Exam: Georgia Variable Products

Life Insurance

An Individual has been paid to endorse a new variable product that’s offered by the insurer. This is only required to be disclosed If :

Under all of these circumstances

when replacing an existing policy. The policyholder should understand each of the following, EXCEPT that:

The replacing policy cannot be returned

A subaccount product that underperforms the market as it increases, but out preforms the market as it decreases, will have a:

LOW BETA

Which of the following provisions provides a summary of the agreement between the policyowner and the insurer?

Insuring Clause provision