This page was exported from Free Exam Dumps Collection [ http://free.examcollectionpass.com ] Export date:Wed Mar 12 11:12:24 2025 / +0000 GMT ___________________________________________________ Title: [Sep 29, 2024] Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Dumps Are Essential To Get Good Marks [Q26-Q46] --------------------------------------------------- [Sep 29, 2024] Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Dumps Are Essential To Get Good Marks Latest Ohio Department of Insurance OH-Life-Agent-Series-11-44 Dumps with Test Engine and PDF (New Questions) NEW QUESTION 26Upon annuitization, which of the following will have the HIGHEST monthly payout?  Straight life with guaranteed payments.  Joint life.  Straight life.  Joint and survivor life. NEW QUESTION 27Loans may generally be obtained against the cash value of a personal life Insurance policy and policy loanproceeds  accelerate the benefits under the policy.  are not treated as taxable income.  are subject to Federal estate tax.  generate nontaxable interest income. NEW QUESTION 28Bettie has a $200,000 whole life policy with a $50,000 cash value. She wishes to borrow $30,000 for thepurchase of a new van. Which of the following Is TRUE In this situation?  There is no requirement that she pay back the loan.  Loans can only be taken for hardship situations.  Whole life policies do not have any loan provisions.  This type of loan is interest free. NEW QUESTION 29It is unlawful for a person to provide an advertisement which  uses a testimonial.  refers to the insurer’s financial rating.  points out coverage advantages of a policy.  uses a policy title to inaccurately describe a coverage. NEW QUESTION 30Contributions made to a Roth IRA are  partially tax deductible.  not tax deductible.  only tax deductible at age 50 or older.  tax deductible at retirement. NEW QUESTION 31Which of the following represents a syndicate of underwriters that specialize in Insuring specific types of risk?  reciprocal insurer  Lloyd’s association  risk retention group  fraternal benefit society NEW QUESTION 32Extended term Insurance can be selected under which whole life policy provision?  interest-only  nonforfeiture  cash value  settlement NEW QUESTION 33An agent qualified to sell variable products in Ohio must report each of the following to the superintendent ofInsurance EXCEPT  a suspension from the National Association of Securities Dealers.  the revocation of an insurance license held in another state.  the sharing of commissions with another qualified agent.  a felony criminal conviction. NEW QUESTION 34What type of insurance is the cheapest option to pay off a 30-year mortgage balance?  Increasing term insurance.  Decreasing term insurance.  Level term insurance.  Variable life insurance. NEW QUESTION 35What is the approach to assessing the consumer’s need for life insurance that focuses on an individual’s futurestream of income?  Needs approach  Affordability approach  Human Life Value approach  Return of Investment approach NEW QUESTION 36The Group Life Underwriting risk selection process helps protect Insurers from  risk selection.  medical underwriting.  adverse selection.  risk underwriting. NEW QUESTION 37Which of the following dividend options is taxable?  1-year term.  Paid up additions.  Return of premium.  Accumulation at interest. NEW QUESTION 38All of the following statements regarding a group annuity are correct, EXCEPT  purchased as part of a structured corporate pension plan.  each employee signs and receives an individual contract.  participation is limited to eligible employees.  considered a defined-benefit plan. NEW QUESTION 39What does a limited payment whole life policy provide?  Protection to age 65.  Life time protection.  A lower premium.  Pure protection. NEW QUESTION 40An agent’s underwriting duties Include which of the following?  Setting premium amounts.  Completing all applications and collecting initial premiums.  Declining or accepting an application.  Issuing the policy. NEW QUESTION 41All of the following statements apply to the surrender of an annuity contract EXCEPT  surrender charges will reduce the contract payout amount.  the right to surrender Is available on immediate and deferred annuities.  the owner has the right to surrender the contract during the accumulation period.  surrender charges diminish over a stated number of years and will eventually disappear. NEW QUESTION 42Without written consent, a policyowner CANNOT change the beneficiary If he has named  a contingent beneficiary.  a revocable beneficiary.  a permanent beneficiary.  an irrevocable beneficiary. NEW QUESTION 43At what age can an Individual begin to receive distributions from an IRA without a tax penalty?  55 1/2 years.  59 1/2 years.  63 1/2 years.  65 1/2 years. NEW QUESTION 44Making a statement that is false and maliciously critical of the financial condition of an insurer is known as  coercion.  defamation.  intimidation.  misrepresentation. NEW QUESTION 45Under Ohio insurance laws, what must a licensee do prior to operating under an assumed business name?  notify the superintendent  notify all prospective insureds  obtain approval from the insurer  notify the National Association of Insurance Commissioners NEW QUESTION 46Which of the following policies allows the policyowner to change two policy features?  Credit Life.  Modified Life.  Adjustable Life.  Term Life.  Loading … ExamcollectionPass just published the Ohio Department of Insurance OH-Life-Agent-Series-11-44 exam dumps!: https://www.examcollectionpass.com/Ohio-Department-of-Insurance/OH-Life-Agent-Series-11-44-practice-exam-dumps.html --------------------------------------------------- Images: https://free.examcollectionpass.com/wp-content/plugins/watu/loading.gif https://free.examcollectionpass.com/wp-content/plugins/watu/loading.gif --------------------------------------------------- --------------------------------------------------- Post date: 2024-09-29 14:27:31 Post date GMT: 2024-09-29 14:27:31 Post modified date: 2024-09-29 14:27:31 Post modified date GMT: 2024-09-29 14:27:31