Excellent OH-Life-Agent-Series-11-44 Updated 2024 Dumps With 100% Exam Passing Guarantee [Q37-Q53]

NEW QUESTION 37
Which of the following individuals has the right to name a beneficiary?

producer

owner

Insured

assignee

NEW QUESTION 38
Something that increases the probability of loss is called

a risk.

a peril.

a hazard.

an exposure.

NEW QUESTION 39
An insured has a 5-year Renewable Term Life Insurance Policy. Upon exercising the renewable privilege, the
Insured MUST

provide evidence of insurability.

renew for at least 10 years.

pay an annual premium that may be higher.

convert to a whole life policy.

NEW QUESTION 40
An Insured owns a whole life policy that has accumulated cash value. Which of the following statements Is
true about the policy’s cash value?

The policy’s cash value is viewed as investment growth and therefore subject to taxation for each
calendar year.

The growth of the policy’s cash value Is not subject to income tax while the policy Is in force.

It is subject to fluctuations of the company’s overall performance.

The cash value is not guaranteed.

NEW QUESTION 41
Which of the following represents a syndicate of underwriters that specialize in Insuring specific types of risk?

reciprocal insurer

Lloyd’s association

risk retention group

fraternal benefit society

NEW QUESTION 42
A single premium Immediate annuity Is MOST often used for

retirement income.

children’s college expenses.

mortgage payments.

vacation expenses.

NEW QUESTION 43
All the following policies qualify for a 1035 Exchange EXCEPT

a whole life policy to another whole life policy.

a whole life policy to an annuity.

an annuity to another annuity.

an annuity to a whole life policy.

NEW QUESTION 44
To receive proceeds from a death benefit, a minor

must be related to the insured.

can only be named as a contingent beneficiary.

must be at least 16 years old.

must have an appointed guardian.

NEW QUESTION 45
Which of the following describes the process of selection, classification, and rating of risks?

underwriting

cost containment

adverse selection

claims experience

NEW QUESTION 46
Statements by an applicant concerning personal health history, family health history, occupation, and hobbies
are referred to as

depictions.

certifications.

representations.

personal characteristics.

NEW QUESTION 47
Under what circumstances must an agent provide his or her business records to the superintendent of
Insurance?

upon request of an insured

upon request of the superintendent

under no circumstances due to privacy consideration

by authorization from the National Association of Insurance Commissioners (NAIC)

NEW QUESTION 48
The PRIMARY reason for purchasing life Insurance Is to provide

death benefits.

college tuition.

retirement Income.

safety of principal.

NEW QUESTION 49
All the following riders can Increase the death benefit amount EXCEPT

Cost of Living.

Waiver of Premium.

Accidental Death Rider.

Guaranteed Insurability.

NEW QUESTION 50
Generally, rates charged for Insurance may NOT be

discriminatory.

cost prohibitive.

excessive, inadequate, or unfairly discriminatory.

different for persons withdiffering risk profiles.

NEW QUESTION 51
Who can surrender an annuity during the accumulation period?

The company.

The beneficiary.

The annuitant.

The policyowner.

NEW QUESTION 52
Under the children’s term rider, what occurs when a child reaches the specified age? He or she

automatically becomes the beneficiary of the life insurance policy.

must show evidence of insurability to remain covered.

may Increase the term coverage of the rider.

is eliminated from coverage.

NEW QUESTION 53
When a policy owner requests a partial surrender from her Universal Life Policy she Is requesting which of the
following?

Cash withdrawal.

A loan from the policy.

Surrender of the policy.

Decrease In the coverage amount.

Excellent OH-Life-Agent-Series-11-44 Updated 2024 Dumps With 100% Exam Passing Guarantee [Q37-Q53]

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