OH-Life-Agent-Series-11-44 Practice Questions

A.  

Nonforfeiture period.

B.  

Accumulation period.

C.  

Annuity period.

D.  

Payout period.

A.  

Reduced Paid-Up Insurance.

B.  

Cash Surrender Value.

C.  

Settlement Value.

D.  

Extended Term.

A.  

avoid risk.

B.  

reduce risk.

C.  

transfer risk.

D.  

increase risk.

A.  

be reduced by the amount of the loan and interest owed.

B.  

not be paid until the loan is repaid.

C.  

be paid less the amount of the loan but not the interest.

D.  

be paid less the amount of the loan interest but not the principal.

A.  

slanting.

B.  

concealment.

C.  

misrepresentation.

D.  

aleatory contract.

A.  

cannot meet it's capital surplus requirements.

B.  

merges with a foreign insurer.

C.  

becomes financially insolvent.

D.  

depletes its loss reserves.

A.  

uses a testimonial.

B.  

refers to the insurer's financial rating.

C.  

points out coverage advantages of a policy.

D.  

uses a policy title to inaccurately describe a coverage.

A.  

must be related to the insured.

B.  

can only be named as a contingent beneficiary.

C.  

must be at least 16 years old.

D.  

must have an appointed guardian.

A.  

Grace period

B.  

Beneficiary

C.  

Average age

D.  

Dependents

A.  

the insured must pay 50% of the premiums paid to the spouse named as the beneficiary

B.  

the spouse designated as beneficiary will remain an irrevocable beneficiary

C.  

the designation of the spouse as a beneficiary is revoked

D.  

the policy will automatically be terminated