OH-Life-Agent-Series-11-44 Exam Dumps - OHIO Life Insurance Agent Series 11-44

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Question # 17

The only beneficiary named in a life insurance policy died before the Insured. The policyowner did not name a new beneficiary. When a claim is filed, the death benefit would be paid to the

beneficiary's estate.

insured's estate.

Insured's next of kin.

policyowner.

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Question # 18

The premium mode defines the

premium limit.

premium amount.

frequency of the premium payment.

method of premium payment.

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Question # 19

Who can surrender an annuity during the accumulation period?

The company.

The beneficiary.

The annuitant.

The policyowner.

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Question # 20

Survivorship life insurance policies are useful in estate planning because they

accumulate a sum of money for retirement.

can provide money to pay taxes on assets.

redistribute the premium obligation during the early years of the policy.

provide funeral insurance and pre-need burial insurance.

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Question # 21

All of the following statements regarding a group annuity are correct, EXCEPT

purchased as part of a structured corporate pension plan.

each employee signs and receives an individual contract.

participation is limited to eligible employees.

considered a defined-benefit plan.

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Question # 22

After a request has been received for verification of coverage from a viatical settlement provider, an insurance company authorized to do business shall respond within:

30 calendar days

45 calendar days

60 calendar days

90 calendar days

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Question # 23

All the following riders can Increase the death benefit amount EXCEPT

Cost of Living.

Waiver of Premium.

Accidental Death Rider.

Guaranteed Insurability.

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