Online Access Free OhioDepartmentofInsurance.OH-Life-Agent-Series-11-44.v2024-12-14.q34 Practice Test (Page 2)

To avoid tax consequences, a rollover from a Traditional IRA to another IRA MUST be done within

A.60 days.

B.90 days.

C.30 days.

D.45 days.

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

A.fixed period.

B.fixed amount.

C.interest only.

D.lump sum.

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

A.application is postmarked and mailed to the insurer.

B.company underwriter approves the risk.

C.application is signed.

D.policy is delivered and accepted.

A single premium Immediate annuity Is MOST often used for

A.vacation expenses.

B.retirement income.

C.mortgage payments.

D.children's college expenses.

Which of the following policies allows the policyowner to change two policy features?

A.Adjustable Life.

B.Modified Life.

C.Credit Life.

D.Term Life.

Other Version: 1284OhioDepartmentofInsurance.OH-Life-Agent-Series-11-44.v2024-04-05.q34

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