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Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
1. Which Is the name of the policy that combines a universal life policy with investment choices?
A) Flexible universal life policy.
B) Variable universal life policy.
C) Interest-sensitive universal life policy.
D) Straight universal life policy.
2. An accelerated death benefit
A) pays a portion of the face amount when a policyowner Is determined to be terminally ill.
B) allows the policyowner to sell their policy to a third party.
C) pays only in the event of an accident resulting in death.
D) pays an additional benefit if the policyholder dies as a result of an accident.
3. Loans may generally be obtained against the cash value of a personal life Insurance policy and policy loan
proceeds
A) accelerate the benefits under the policy.
B) are not treated as taxable income.
C) are subject to Federal estate tax.
D) generate nontaxable interest income.
4. Which rider would allow additional insurance to be purchased at specified dates or events, without additional
underwriting?
A) Disability income.
B) Guaranteed renewability.
C) Cost of living.
D) Guaranteed insurability.
5. An Insurer would consider which of the following In determining whether to accept a group life plan?
A) Beneficiary
B) Dependents
C) Grace period
D) Average age
Solutions:
Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |