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Legit OH-Life-Agent-Series-11-44 Exam Download

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Question 12

An insured wants to purchase a policy with three key elements: flexible premium, death benefit, and the choice of mutual funds where the cash value will be Invested In a separate account. The Insured should purchase

Options:

A.

universal life.

B.

adjustable life.

C.

variable universal life.

D.

graded premium whole life.

Question 13

To receive proceeds from a death benefit, a minor

Options:

A.

must be related to the insured.

B.

can only be named as a contingent beneficiary.

C.

must be at least 16 years old.

D.

must have an appointed guardian.

Question 14

An insured has chosen to receive the payout from her husband's life insurance policy so that she will receive an Income for the next 10 years. At the end of that time, the entire proceeds from the policy will have been paid out. The insured has selected which option?

Options:

A.

Fixed period.

B.

Interest only.

C.

Fixed amount.

D.

Life income.

Question 15

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

Options:

A.

equals the face amount of the policy.

B.

results In a dividend payment to the policyowner.

C.

ceases to earn interest or grow in a positive earnings direction.

D.

requires mandatory cash value distributions.

Page: 3 / 7
Exam Name: OHIO Life Insurance Agent Series 11-44
Last Update: Nov 21, 2024
Questions: 105
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