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

A.  

partially tax deductible.

B.  

not tax deductible.

C.  

only tax deductible at age 50 or older.

D.  

tax deductible at retirement.

A.  

discriminatory.

B.  

cost prohibitive.

C.  

excessive, inadequate, or unfairly discriminatory.

D.  

different for persons withdiffering risk profiles.

A.  

reduce the policy premium.

B.  

accumulate without interest.

C.  

be paid to the policyowner in cash.

D.  

purchase additional insurance protection.

A.  

apparent

B.  

delegated

C.  

express

D.  

inherent

A.  

pays an additional benefit if the policyholder dies as a result of an accident.

B.  

allows the policyowner to sell their policy to a third party.

C.  

pays a portion of the face amount when a policyowner Is determined to be terminally ill.

D.  

pays only in the event of an accident resulting in death.

A.  

death benefits.

B.  

college tuition.

C.  

retirement Income.

D.  

safety of principal.

A.  

Dodd Frank Act

B.  

McCarran-Ferguson Act

C.  

Fair Credit Reporting Act

D.  

Unauthorized Insurers Service of Process Act

A.  

30 days.

B.  

45 days.

C.  

60 days.

D.  

90 days.

A.  

notify the superintendent

B.  

notify all prospective insureds

C.  

obtain approval from the insurer

D.  

notify the National Association of Insurance Commissioners

A.  

1-year term.

B.  

Paid up additions.

C.  

Return of premium.

D.  

Accumulation at interest.