Exact2Pass
All of the following statements regarding a group annuity are correct, EXCEPT
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
As a form of level premium permanent Insurance, ordinary life Insurance accumulates a reserve that eventually
If an agent does NOT send a refund to a policyholder within an expectable time frame, the agent may
Kelvin is receiving tax deferred growth until retirement. In what phase would Kelvin's annuity be?
An insured has chosen to receive the payout from her husband's life insurance policy so that she will receive an Income for the next 10 years. At the end of that time, the entire proceeds from the policy will have been paid out. The insured has selected which option?
Which of the following represents a syndicate of underwriters that specialize in Insuring specific types of risk?
Generally, If a life application Is NOT prepaid, the effective date of coverage begins on the date the
Which of the following retirementplans will allow for a nonworking spouse to set up a separate account and make contributions based on the working spouse's Income?
When a policy owner requests a partial surrender from her Universal Life Policy she Is requesting which of the following?
Each of the following are characteristics of a fixed annuity contract EXCEPT
Upon annuitization, which of the following will have the HIGHEST monthly payout?
Which Is the name of the policy that combines a universal life policy with investment choices?
Under Ohio insurance laws, what must a licensee do prior to operating under an assumed business name?
An agent qualified to sell variable products in Ohio must report each of the following to the superintendent of Insurance EXCEPT
The type of insurance used to indemnify a firm for the loss of earnings brought about by the death or disability of an officer or other significant employee Is
In Ohio, an agent must be appointed by the Insurer within how many days from the date the agency contract Is executed, or the first Insurance application Is submitted?
Which of the following policies allows the policyowner to change two policy features?
At what age can an Individual begin to receive distributions from an IRA without a tax penalty?