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OHIO Life Insurance Agent Series 11-44

Last Update 22 hours ago Total Questions : 188

The OHIO Life Insurance Agent Series 11-44 content is now fully updated, with all current exam questions added 22 hours ago. Deciding to include OH-Life-Agent-Series-11-44 practice exam questions in your study plan goes far beyond basic test preparation.

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Question # 4

Which Is the name of the policy that combines a universal life policy with investment choices?

A.

Interest-sensitive universal life policy.

B.

Straight universal life policy.

C.

Variable universal life policy.

D.

Flexible universal life policy.

Question # 5

An annuitant dies during the accumulation period. What happens to the cash value in the annuity?

A.

The cash value is paid to the beneficiary.

B.

The cash value is paid into the estate.

C.

The cash value is paid to the IRS.

D.

The company keeps the cash value.

Question # 6

Which of the following plans will provide a death benefit to the policy's beneficiary Income tax free?

A.

Annuity.

B.

Whole Life.

C.

Qualified Retirement.

D.

Tax Sheltered Annuity.

Question # 7

Survivorship life insurance policies are useful in estate planning because they

A.

accumulate a sum of money for retirement.

B.

can provide money to pay taxes on assets.

C.

redistribute the premium obligation during the early years of the policy.

D.

provide funeral insurance and pre-need burial insurance.

Question # 8

The most common use of a group life insurance policy is to insure

A.

retirees.

B.

company employees.

C.

members of a family.

D.

association members.

Question # 9

In which of the following dividend options would an Insurer invest the policyowners money and add interest earnings to the Initial amount of the dividends as such earnings accrue?

A.

Accumulation at Interest Option.

B.

Paid-up Additions Option.

C.

Cash Dividend Option.

D.

Reduced Premium Dividend Option.

Question # 10

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

A.

reported as taxable income to the employee.

B.

tax deductible to both the employee and employer.

C.

reported as taxable Income to the employer.

D.

only tax deductible when the bonus is an insurance plan.

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