Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 - OH-Life-Agent-Series-11-44 Exam Practice Test
A single premium Immediate annuity Is MOST often used for
Correct Answer: A
Generally, rates charged for Insurance may NOT be
Correct Answer: D
An immediate annuity begins making payments after the
Correct Answer: A
Deliberate withholding of material facts that would affect the validity of an Insurance policy or a claim under
the policy Is known as
the policy Is known as
Correct Answer: D
An insured wants to purchase a policy with three key elements: flexible premium, death benefit, and the choice
of mutual funds where the cash value will be Invested In a separate account. The Insured should purchase
of mutual funds where the cash value will be Invested In a separate account. The Insured should purchase
Correct Answer: A
Kelvin is receiving tax deferred growth until retirement. In what phase would Kelvin's annuity be?
Correct Answer: C
Contributions made to a Roth IRA are
Correct Answer: C
The accumulated cash value of a whole life insurance policy becomes the
Correct Answer: D
All the following riders can Increase the death benefit amount EXCEPT
Correct Answer: A
The proposed insured's statements on a life insurance application are considered to be
Correct Answer: C