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PDF OH-Life-Agent-Series-11-44 Study Guide

Page: 7 / 7
Question 28

An accelerated death benefit

Options:

A.

pays an additional benefit if the policyholder dies as a result of an accident.

B.

allows the policyowner to sell their policy to a third party.

C.

pays a portion of the face amount when a policyowner Is determined to be terminally ill.

D.

pays only in the event of an accident resulting in death.

Question 29

Generally, If a life application Is NOT prepaid, the effective date of coverage begins on the date the

Options:

A.

application is signed.

B.

policy is delivered and accepted.

C.

company underwriter approves the risk.

D.

application is postmarked and mailed to the insurer.

Question 30

When a beneficiary Inherits a traditional IRA, which of the following Is TRUE about taxation when the money is withdrawn? The beneficiary pays

Options:

A.

no tax.

B.

an estate tax.

C.

capital gains tax.

D.

income tax.

Question 31

The period after an annuity Is purchased but before distributions begin Is referred to as the

Options:

A.

annuity phase.

B.

build-up phase.

C.

endowment phase.

D.

accumulation phase.

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