Online Access Free OH-Life-Agent-Series-11-44 Exam Questions

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

• A.Average age
• B.Grace period
• C.Beneficiary
• D.Dependents

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?

• A.Loans can only be taken for hardship situations.
• B.This type of loan is interest free.
• C.Whole life policies do not have any loan provisions.
• D.There is no requirement that she pay back the loan.

An immediate annuity begins making payments after the

• A.policy has been in force for one year.
• B.first premium has been paid.
• C.policy reaches its maturation date.
• D.policyholder suffers a disability.

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

• A.graded premium whole life.
• B.variable universal life.
• C.universal life.
• D.adjustable life.

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

• A.reported as taxable income to the employee.
• B.only tax deductible when the bonus is an insurance plan.
• C.tax deductible to both the employee and employer.
• D.reported as taxable Income to the employer.