State RegulationsGA specificDifficulty 1/5
Which term, if used in a Georgia life insurance advertisement in a way that suggests the policy is really a savings or banking product, appears on the express list of prohibited misleading terms?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under Reg. 120-2-11-.05, advertisements may not use the words 'investment,' 'profit,' 'deposit,' 'savings,' 'savings plan,' or 'investment plan' in any context that misleads the public about the true nature of the policy. A life policy marketed as a 'savings plan' mischaracterizes the product, so this term is expressly controlled. Producers should describe actual policy features instead of borrowing banking vocabulary.
Why the other options are wrong
- B) Describing the death benefit protection a policy provides is an accurate statement of a real policy feature, not a misleading characterization.
- C) A premium payment schedule describes how premiums are paid and misrepresents nothing about the policy's nature.
- D) Policy loan availability is a genuine life policy feature and does not mislead about the product's insurance character.
Memory hook
Bank words - savings, investment, profit, deposit - stay out of policy ads.