[Oct 18, 2024] Verified OH-Life-Agent-Series-11-44 dumps and 107 unique questions [Q64-Q86]

NO.64 An annuitant dies during the accumulation period. What happens to the cash value in the annuity?

NO.65 A modified endowment contract (MEC) receives different tax treatment on pre-death distributions than other
life Insurance policies because the modified endowment policy

NO.66 The purpose of insurance Is to

NO.67 Which of the following describes the process of selection, classification, and rating of risks?

NO.68 The settlement option that allows proceeds to remain with the Insurer and the earnings to be paid to the
beneficiary on a monthly basis is called

NO.69 Who can surrender an annuity during the accumulation period?

NO.70 An agent qualified to sell variable products in Ohio must report each of the following to the superintendent of
Insurance EXCEPT

NO.71 It is unlawful for a person to provide an advertisement which

NO.72 An applicant would be charged a higher premium for a life Insurance policy if they were

NO.73 The premium mode defines the

NO.74 What is the approach to assessing the consumer’s need for life insurance that focuses on an individual’s future
stream of income?

NO.75 The period after an annuity Is purchased but before distributions begin Is referred to as the

NO.76 All of the following statements apply to the surrender of an annuity contract EXCEPT

NO.77 Contributions made to a Roth IRA are

NO.78 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?

NO.79 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:

NO.80 Which of the following individuals has the right to name a beneficiary?

NO.81 Rob, Joe, and Mike are brothers who have a $60,000 “first-to-die” Joint life policy covering all three of their
lives. If Joe dies first, the policy proceeds

NO.82 Which of the following policies allows the policyowner to change two policy features?

NO.83 An insured has a 5-year Renewable Term Life Insurance Policy. Upon exercising the renewable privilege, the
Insured MUST

NO.84 While texting and driving, an Insured loses control of the vehicle and hits a tree. The resulting collision Is

NO.85 A policyowner may choose to have his/her life insurance policy dividends do all of the following EXCEPT

NO.86 If an Insured under a life insurance policy dies with an outstanding loan balance then the death benefit
will