[Dec-2024] Download Real Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Dumps Test Engine Exam Questions [Q45-Q68]

NO.45 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.46 All the following policies qualify for a 1035 Exchange EXCEPT

NO.47 The purpose of insurance Is to

NO.48 Something that increases the probability of loss is called

NO.49 An agent qualified to sell variable products in Ohio must report each of the following to the superintendent of
Insurance EXCEPT

NO.50 A policyowner may not pay premiums with which frequency?

NO.51 At what age can an Individual begin to receive distributions from an IRA without a tax penalty?

NO.52 Which of the following plans will provide a death benefit to the policy’s beneficiary Income tax free?

NO.53 An applicant would be charged a higher premium for a life Insurance policy if they were

NO.54 If an agent does NOT send a refund to a policyholder within an expectable time frame, the agent may

NO.55 Making a statement that is false and maliciously critical of the financial condition of an insurer is known as

NO.56 What type of insurance is the cheapest option to pay off a 30-year mortgage balance?

NO.57 Which of the following is a provision in an interest-sensitive life policy which allows the policyowner to
withdraw the policy’s cash value Interest free?

NO.58 Which Is the name of the policy that combines a universal life policy with investment choices?

NO.59 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?

NO.60 Falsifying the terms, benefits, advantages, or conditions of an insurance policy Is an example of which of the
following?

NO.61 Which activity does NOT require an Insurance agent’s license?

NO.62 A modified endowment contract (MEC) receives different tax treatment on pre-death distributions than other
life Insurance policies because the modified endowment policy

NO.63 Under an executive bonus plan, premiums paid by the employer are

NO.64 Upon annuitization, which of the following will have the HIGHEST monthly payout?

NO.65 Which of the following describes the process of selection, classification, and rating of risks?

NO.66 Loans may generally be obtained against the cash value of a personal life Insurance policy and policy loan
proceeds

NO.67 As a form of level premium permanent Insurance, ordinary life Insurance accumulates a reserve that
eventually

NO.68 All the following riders can Increase the death benefit amount EXCEPT