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

Statements by an applicant concerning personal health history, family health history, occupation, and hobbies are referred to as

Which of the following retirementplans will allow for a nonworking spouse to set up a separate account and make contributions based on the working spouse's Income?

Which nonforfeiture option allows the policyowner to purchase less coverage for life?

An Insured owns a whole life policy that has accumulated cash value. Which of the following statements Is true about the policy's cash value?

Which of the following individuals has the right to name a beneficiary?

Deliberate withholding of material facts that would affect the validity of an Insurance policy or a claim under the policy Is known as

Under Ohio insurance laws, what must a licensee do prior to operating under an assumed business name?

Under an executive bonus plan, premiums paid by the employer are

As a form of level premium permanent Insurance, ordinary life Insurance accumulates a reserve that eventually

Kelvin is receiving tax deferred growth until retirement. In what phase would Kelvin's annuity be?

In Ohio, an agent must be appointed by the Insurer within how many days from the date the agency contract Is executed, or the first Insurance application Is submitted?

Bettie has a $200,000 whole life policy with a $50,000 cash value. She wishes to borrow $30,000 for the purchase of a new van. Which of the following Is TRUE In this situation?

Loans may generally be obtained against the cash value of a personal life Insurance policy and policy loan proceeds

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

The premium mode defines the

Who can surrender an annuity during the accumulation period?

Survivorship life insurance policies are useful in estate planning because they

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

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:

All the following riders can Increase the death benefit amount EXCEPT

To receive proceeds from a death benefit, a minor

After the hearing, if the insurance superintendent has determined a licensee has committed a violation of Ohio Insurance Laws, what can the insurance superintendent do?

An Insurer would consider which of the following In determining whether to accept a group life plan?

The proposed insured's statements on a life insurance application are considered to be

What type of insurance is the cheapest option to pay off a 30-year mortgage balance?

An Individual buys an annuity that will pay her spouse an income for 20 years. If the spouse dies within that time, the Income will be paid to their children for the remainder of the period. What kind of annuity did the Insured buy?

What is the approach to assessing the consumer's need for life insurance that focuses on an individual's future stream of income?

Insurance agents have duties and responsibilities to the insured and the insurer. Which of the following responsibilities does an agent owe the insured during the policy year?