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Free GA L&H Practice Test

20 questions sampled from our Life & Health bank for Georgia. AI explanations shown after each answer.

Question 1 of 200 correct so far
National-LH-II Life Policy Riders, Provisions, Options, Exclusionsmedium

A terminally ill insured with a physician-certified life expectancy of 18 months sells his $500,000 policy to a licensed viatical settlement provider for $400,000. How is the $400,000 treated for federal income tax?