Life Types
12%of exam
Life Provisions
12%of exam
Life Underwriting
10%of exam
Life Concepts
6%of exam
Group LifeRetirementTaxNeedsSettlements
Health Types
13%of exam
DisabilityMedical ExpenseHMOMedigapLTC
Health Provisions
12%of exam
ClaimsRenewabilityDeductiblesCoinsuranceExclusions
Social Insurance
5%of exam
MedicareMedicaidSocial SecurityParts A-D
Health Concepts
4%of exam
CoordinationManaged CareSubrogationWorkers Comp
Health Underwriting
6%of exam
ApplicationsHIPAAMIBReceiptsReplacement
Georgia Law
15%of exam
GA Life Rules
2%of exam
ReplacementAdvertisingInsurable InterestReg 120-2-24
GA Health Rules
2%of exam
MedigapLTCPartnershipChapter 33-29
Quick Facts
- Exam
- 12-GA-05
- License
- Life + A&S
- Vendor
- Pearson VUE
- Regulator
- Georgia OCI
- Scored
- 125 questions
- Pretest
- 10 questions
- Time
- 2.5 hours
- Pass
- 70%
- Exam fee
- $67
- License fee
- $100 + $20
- Prelicense
- 8 + 8 hours
- Q1 pass
- 59% first-time
Term vs Whole
Term
- Temporary
- No cash value
- Lower premium
Whole
- Permanent
- Cash value
- Fixed premium
Temporary vs permanent
Life Product Picker
- Temporary need→Term(Low premium)
- Mortgage declines→Decreasing term(Falling face)
- Refund wanted→ROP term(Higher cost)
- Lifetime guarantee→Whole life(Cash value)
- Short pay period→Limited-pay(Paid-up)
- Flexible premium→Universal life(Adjustable)
- Market risk OK→Variable life(Securities)
- Second-death need→Survivorship(Estate planning)
Life Products
- Term
- Temporary protection
- Level term
- Level face
- Decreasing term
- Falling face
- ROP term
- Premium refund
- Whole life
- Permanent fixed
- Limited-pay
- Short premium
- Universal life
- Flexible premium
- Variable life
- Separate accounts
- VUL
- Flexible + variable
- Indexed life
- Index formula
UL vs VUL
UL
- Flexible premium
- Interest crediting
- General account
VUL
- Flexible premium
- Separate accounts
- Securities license
Interest vs market
Annuity Picker
- Income starts now→Immediate(Payout soon)
- Income later→Deferred(Accumulate)
- Guarantee wanted→Fixed(General account)
- Market exposure→Variable(Separate account)
- Index formula→Indexed(Caps/floors)
- Tax-free swap→1035(Like-kind)
Annuity Types
- Annuity
- Longevity income
- Single premium
- One payment
- Flexible premium
- Multiple payments
- Immediate
- Pays within year
- Deferred
- Pays later
- Fixed
- Guaranteed crediting
- Variable
- Separate accounts
- Indexed
- External index
- Accumulation
- Pay-in phase
- Annuitization
- Payout phase
Fixed vs Variable
Fixed
- Guarantee
- General account
- Insurer risk
Variable
- Separate account
- Owner risk
- Securities registration
Guarantee vs risk
Owner vs Beneficiary
Owner
- Controls policy
- Changes rights
- Pays premium
Beneficiary
- Receives proceeds
- No control
- Primary/contingent
Control vs receive
Life Provisions
- Entire contract
- Policy + application
- Insuring clause
- Coverage promise
- Free look
- Refund review
- Grace period
- 31 days
- Reinstatement
- Restore lapse
- Policy loan
- Borrow cash
- Nonforfeiture
- Value protection
- Dividends
- Participating return
- Incontestability
- Contest limit
- Suicide
- Early exclusion
Riders + Options
- Waiver premium
- Disability waiver
- Waiver deduction
- UL waiver
- GIR
- Future purchase
- Payor benefit
- Owner disability
- ADB
- Accidental death extra
- Term rider
- Extra temporary
- LTC rider
- Care benefit
- COLA
- Inflation adjustment
- Reduced paid-up
- Smaller permanent
- Extended term
- Same face temporary
Policy Roles
- Applicant
- Requests policy
- Insured
- Covered life
- Owner
- Controls rights
- Beneficiary
- Receives proceeds
- Primary
- First paid
- Contingent
- Backup paid
- Revocable
- Change allowed
- Irrevocable
- Consent required
- Class
- Group designation
- Minor
- Guardian issue
Contract Keys
O A C C L validates.
OfferAcceptanceConsiderationCapacityLegal purpose
Life Underwriting
- Application
- Primary source
- Signatures
- Required consent
- Changes
- Applicant initials
- Receipt
- Conditional coverage
- Replacement
- Existing policy swap
- HIPAA
- Health disclosure
- GLBA
- Privacy rules
- FCRA
- Consumer report
- Risk class
- Pricing category
- STOLI
- Investor-originated life
Contract Law
- Offer
- Applicant act
- Acceptance
- Insurer issue
- Consideration
- Premium + statements
- Capacity
- Competent parties
- Legal purpose
- Allowed object
- Conditional
- Duties required
- Unilateral
- One enforceable promise
- Adhesion
- Insurer drafted
- Aleatory
- Unequal exchange
- Representation
- Best statement
Life Concepts
- Third-party
- Owner differs
- Life settlement
- Policy sale
- Group life
- Master policy
- Conversion
- Individual switch
- Contributory
- Employee shares
- Noncontributory
- Employer pays
- Qualified plan
- Tax favored
- Needs analysis
- Coverage target
- Key person
- Business protection
- MEC
- Overfunded life
HMO vs PPO
HMO
- PCP gatekeeper
- Network focus
- Lower cost
PPO
- Provider choice
- Out-network possible
- Higher cost
Gatekeeper vs choice
Health Product Picker
- Lost income→Disability income(Earnings)
- Business bills→BOE(Overhead)
- Broad medical→Major medical(Comprehensive)
- Gatekeeper care→HMO(Network)
- Provider choice→PPO(Flexible)
- Referral blend→POS(Hybrid)
- Custodial care→LTC(ADLs)
- Medicare gaps→Medigap(Supplement)
Health Products
- Medical expense
- Care costs
- Major medical
- Broad coverage
- Disability income
- Lost earnings
- BOE
- Overhead expenses
- Key employee
- Business disability
- AD&D
- Accident benefits
- HMO
- Gatekeeper network
- PPO
- Preferred network
- POS
- Referral blend
- HDHP
- HSA eligible
Limited Health
- Dental
- Oral care
- Vision
- Eye care
- Cancer
- Specified disease
- Critical illness
- Lump-sum trigger
- Worksite
- Employer sponsored
- Hospital indemnity
- Fixed hospital pay
- Short-term medical
- Temporary medical
- Accident
- Accidental injury
Claim Flow
Notice, forms, proof, pay, sue.
NoticeFormsProofPaymentLegal action
Deductible vs Coinsurance
Deductible
- First dollars
- Annual amount
- Before sharing
Coinsurance
- Percentage share
- After deductible
- Until cap
Before vs after
Health Claim Picker
- Loss occurs→Notice claim(Start process)
- Insurer responds→Claim forms(Send forms)
- Evidence ready→Proof loss(Document claim)
- Payment due→Time payment(Pay promptly)
- Suit considered→Legal actions(Timing rule)
- Rate certainty→Noncancelable(Strongest)
Health Provisions
- Entire contract
- Policy contents
- Time limit
- Defense limit
- Grace period
- Late-pay window
- Reinstatement
- Restore lapse
- Notice claim
- Claim trigger
- Claim forms
- Insurer sends
- Proof loss
- Claim evidence
- Legal actions
- Suit timing
- Misstatement
- Adjust benefits
- Change occupation
- Benefit adjustment
Health Costs
- Deductible
- Before plan pays
- Coinsurance
- Cost percentage
- Copayment
- Fixed cost share
- Eligible expense
- Covered charge
- URC
- Usual charge
- Preauthorization
- Advance approval
- Elimination
- Waiting period
- Exclusion
- Not covered
- Noncancelable
- Strongest renewal
- Guaranteed
- Class-rate changes
Medicare ABCD
A hospital, B medical, C advantage, D drugs.
A: hospitalB: doctorsC: privateD: drugs
Advantage vs Medigap
Part C
- Private alternative
- Replaces Original
- Network plan
Medigap
- Supplement policy
- Keeps Original
- Pays gaps
Replace vs supplement
Health Concepts
- Total disability
- Cannot work
- Partial
- Limited duties
- Residual
- Income loss
- Recurrent
- Repeated disability
- COB
- Primary order
- Nonduplication
- No double pay
- Occupational
- Work related
- Managed care
- Network controls
- Subrogation
- Recover from third
- Workers comp
- Work injury
Health Underwriting
- Application
- Primary source
- HIPAA
- Privacy notice
- MIB
- Fraud database
- FCRA
- Report rules
- Initial premium
- Receipt trigger
- Conditional receipt
- Coverage condition
- Submit app
- Underwriting start
- Policy delivery
- Explain policy
- Replacement
- Existing coverage swap
- Warranties
- Guaranteed truth
Exam Count
125 scored, 10 pretest, 2.5 hours.
12-GA-05125 scored10 pretest70 pass
OCI vs Pearson
OCI
- Regulates insurance
- Issues licenses
- Enforces Title 33
Pearson
- Schedules exams
- Runs test centers
- Reports scores
Regulator vs vendor
GA Compliance Picker
- Need license→Sircon(Apply online)
- Represent insurer→CA(After license)
- Renew license→CE(24 hours)
- Sell annuity→Rule 120-2-94(Training)
- Hold premium→Fiduciary(No commingle)
- Swap policy→Replacement notice(Disclose)
- Insurer insolvent→Guaranty(Limits)
- Failed exam→Retake wait(14/60 days)
Exam Map
- 12-GA-05
- Combo agent exam
- Scored
- 125 questions
- Pretest
- 10 unscored
- Time
- 2.5 hours
- Pass
- 70 percent
- Fee
- $67 exam
- Outline
- Oct 2024 effective
- Spanish
- Available exam
License Hours
Eight life plus eight sickness.
8 Life8 A&S12 months
License vs CA
License
- State qualification
- Producer authority
- Sircon issued
CA
- Insurer appointment
- Company authority
- After licensure
Qualified vs appointed
Licensing Path
- Age
- 18 minimum
- Residency
- GA resident/business
- Life course
- 8 hours
- A&S course
- 8 hours
- Course age
- Last 12 months
- Application
- Sircon filing
- Affidavit
- Citizenship/lawful presence
- Fingerprints
- Resident background check
- License cost
- $120 total
- CA
- Company authority
CE Split
Twenty-four total, three ethics.
24 total3 ethics2 years
Rebate vs Commission
Rebate
- Client inducement
- Not in policy
- Illegal gift
Commission
- Producer pay
- Insurer contract
- Not client gift
Gift vs compensation
Renewal + CE
- License term
- Two years
- Expiration
- Birth-month end
- CE total
- 24 hours
- Ethics
- 3 hours
- 20+ years
- 20 hours
- Designations
- 12-hour route
- Duplicate CE
- No repeat credit
- Transcript
- Sircon lookup
Guaranty Caps
Life 300, cash 100, health 500.
Life: 300KCash: 100KAnnuity: 250KHealth: 500K
Guaranty vs Insurance
Guaranty
- Insolvency safety
- Statutory caps
- No sales pitch
Insurance
- Contract promise
- Policy benefits
- Insurer strength
Safety net vs product
Unfair Practices
- Rebating
- Unfiled inducement
- Twisting
- Misleading replacement
- Churning
- Commission replacement
- Defamation
- False insurer attack
- Misrepresentation
- False policy facts
- Coercion
- Forced purchase
- Controlled business
- Self-dealing focus
- Commingling
- Mixed client funds
- Fraud
- Intentional deception
- Claims
- Unfair settlement
Guaranty Limits
- Purpose
- Insolvency safety net
- Member insurer
- Licensed carrier
- Life death
- $300,000
- Life cash
- $100,000
- Major medical
- $500,000
- Disability
- $300,000
- LTC
- $300,000
- Annuity cash
- $250,000
- Payout annuity
- $300,000
- Sales pitch
- Prohibited use
Replacement vs Twisting
Replacement
- Policy swap
- Can be legal
- Disclosure required
Twisting
- Misleading swap
- Illegal practice
- False comparison
Disclosure vs deception
GA Life Rules
- Replacement
- Reg 120-2-24
- Notice
- Disclosure before swap
- Existing insurer
- Receives notice
- Advertising
- No misleading pitch
- Solicitation
- Reg 120-2-11
- Insurable interest
- Issue-date requirement
- Group conversion
- 31-day privilege
- STOLI
- No valid interest
GA Annuity Rules
- Best interest
- Rule 120-2-94
- Training
- One-time 4 credits
- Consumer profile
- Needs documented
- Conflicts
- Disclose material
- Replacement
- Suitability review
- Free look
- At least 10 days
- Variable annuity
- Securities registration
- 1035 exchange
- Tax deferral
GA Health Rules
- A&S rules
- Chapters 33-29/30
- Medigap
- Reg 120-2-8
- Standard plans
- Lettered benefits
- Duplicate coverage
- Avoid unsuitable sale
- LTC
- Chapter 33-42
- Partnership
- Asset disregard
- Mini-COBRA
- GA continuation
- Small employer
- 1-50 employees
Common Traps
Exam Count Trap
125 scored ≠ 10 pretest unscored
Exam Code Trap
05 is combo ≠ 01/02 separate
License Trap
License qualifies ≠ CA authorizes
CE Trap
24 hours standard ≠ 3 hours ethics
Retake Trap
14 days first ≠ 60 days third
Replacement Trap
Disclosure can comply ≠ Deception becomes twisting
Guaranty Trap
Safety net only ≠ Not sales inducement
Variable Trap
Separate account risk ≠ Securities registration needed
Medigap Trap
Supplements Original ≠ Not Advantage replacement
Annuity Trap
Best interest rule ≠ Training before sales
Last Minute
- 1.12-GA-05 combo exam
- 2.125 scored; 10 pretest
- 3.2.5 hours; 70% pass
- 4.Exam fee is $67
- 5.Prelicense = 8 + 8
- 6.License fee = $120
- 7.CA needed after license
- 8.CE = 24; ethics = 3
- 9.Retakes: 14 then 60
- 10.OCI regulates; Pearson tests
- 11.Title 33 drives law
- 12.GA law: 19 questions
- 13.Life products: 15 questions
- 14.Health products: 16 questions
- 15.Term temporary; whole permanent
- 16.UL flexible; VUL securities
- 17.Medigap supplements Original Medicare
- 18.Guaranty never sells policies
Buy on Amazon
Flashcards on MometrixSame family resources
Explore More Life & Health Insurance
Continue into nearby exams from the same family. Each card keeps practice questions, study guides, flashcards, videos, and articles in one place.
More From This Family
Videos and articles for deeper review.
VideoPass Georgia Life & Health Exam 2026: FREE GuideThis examVideo100+ FREE Life Insurance Sales Roleplay Drills (2026)Video7 Proven Study Methods for Certification Exams (2026)VideoAccelerated Death Benefit ExplainedArticleFree Insurance Exam Podcast (2026): Life & Health, Property & Casualty Audio Study Guide8 min readArticleFree Life & Health Insurance Practice Questions 2026: 400+ Exam Questions12 min readArticleHow Much Do Insurance Agents Make in 2026? Salary Guide & Income Breakdown14 min readArticleLife Insurance Exam Annuities Guide 2026: Fixed, Variable & Indexed Explained18 min read
Social Insurance
SO