[Jul 09, 2024] 100% Latest Most updated OH-Life-Agent-Series-11-44 Questions and Answers [Q20-Q43]

NO.20 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?

NO.21 If an Insured under a life insurance policy dies with an outstanding loan balance then the death benefit
will

NO.22 An agent qualified to sell variable products in Ohio must report each of the following to the superintendent of
Insurance EXCEPT

NO.23 In which of the following fixed annuity features Is the surrender value tied to Interest rates?

NO.24 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?

NO.25 Which nonforfeiture option allows the policyowner to purchase less coverage for life?

NO.26 Risks are generally NOT Insurable if

NO.27 Contributions made to a Roth IRA are

NO.28 An insured owns a whole life insurance policy on himself. He would also like coverage for his minor son
and/or daughter. One way the Insured can accomplish this goal Is to purchase a

NO.29 After the hearing, if the insurance superintendent has determined a licensee has committed a violation of Ohio
Insurance Laws, what can the insurance superintendent do?

NO.30 The most common use of a group life insurance policy is to insure

NO.31 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?

NO.32 An Individual buys an annuity that will pay her spouse an income for 20 years. If the spouse dies within that
time, the Income will be paid to their children for the remainder of the period. What kind of annuity did the
Insured buy?

NO.33 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

NO.34 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

NO.35 An exposure Is a condition or situation that presents the possibility of

NO.36 Which of the following is a characteristic of a contract of adhesion?

NO.37 Which rider would allow additional insurance to be purchased at specified dates or events, without additional
underwriting?

NO.38 Statements by an applicant concerning personal health history, family health history, occupation, and hobbies
are referred to as

NO.39 All of the following statements regarding a group annuity are correct, EXCEPT

NO.40 Upon annuitization, which of the following will have the HIGHEST monthly payout?

NO.41 What law do all Insurers and their agents need to comply with In regards to Information being obtained from a
third party concerning the applicant?

NO.42 At what age can an Individual begin to receive distributions from an IRA without a tax penalty?

NO.43 Extended term Insurance can be selected under which whole life policy provision?