Ohio Life Insurance
Ohio life insurance exam 2025 (questions
and correct verified answers) guaranteed
pass 100%
All of these are valid options for an adjustable life policy except
The policy's premium can be increased or decreased
The policy's death benefit can be increased or decreased
A nonforfeiture option can be used to increase the death benefit
The policy's protection period can be modified
A non forfeiture option can be used to increase the death benefit
All of the following are examples of business continuation plan except
Deffered compensation
The superintendent determines an examination of an insurers books and record is necessary. After
receiving the notification, the insurer
Must not impede the examination
The double indemnity prevision in a life insurance policy pertains to an insureds death caused by a(n)
Accident
Which of these is not considered to be a risk factor in life insurance underwriting
Number of children
,Ohio Life Insurance
The suicide clause of a life insurance policy states that if an insured commits suicide within the stated
period from the policy inception the insurer will only be liable fora return of premiums paid
Minus indebtedness and without interest
A minor may receive a life inurance polciys death benefit only
If the minor has an appointed guardian
A life insruacne policy that has premiums fully paid up within a stated time period is called
Limited payment insurance
When a qualified plan starts making payments to its recipient, which portion of the distributions is
taxable?
Principal
Contributions made by employee
Contributions made by employer
Gains
Gains
Which of the following does a life insurance policy summary normally include
The policys cash value
A whole life policy option where extended term insurance is selected is called
, Ohio Life Insurance
Nonforfeiture option
Which of the following is a reinstatement condition
Proof of insurability
A securities license is required for the life insurance producer to sell
Variable life insurance
All of these characteristics of a universal life insurance policy except
Flexible death benefit
Fixed surrender value
Flexible premiums
Builds cash value
Fixed surrender value
A provision that allows a policyowner to temporarily give up ownership rights to secure a loan is called
a(n)
Collateral assignment
An insurance company needs to obtain personal information from a third party concerning an applicant.
Which law do all insurers and their producers need to comply with
Fair credit reporting act
Ohio life insurance exam 2025 (questions
and correct verified answers) guaranteed
pass 100%
All of these are valid options for an adjustable life policy except
The policy's premium can be increased or decreased
The policy's death benefit can be increased or decreased
A nonforfeiture option can be used to increase the death benefit
The policy's protection period can be modified
A non forfeiture option can be used to increase the death benefit
All of the following are examples of business continuation plan except
Deffered compensation
The superintendent determines an examination of an insurers books and record is necessary. After
receiving the notification, the insurer
Must not impede the examination
The double indemnity prevision in a life insurance policy pertains to an insureds death caused by a(n)
Accident
Which of these is not considered to be a risk factor in life insurance underwriting
Number of children
,Ohio Life Insurance
The suicide clause of a life insurance policy states that if an insured commits suicide within the stated
period from the policy inception the insurer will only be liable fora return of premiums paid
Minus indebtedness and without interest
A minor may receive a life inurance polciys death benefit only
If the minor has an appointed guardian
A life insruacne policy that has premiums fully paid up within a stated time period is called
Limited payment insurance
When a qualified plan starts making payments to its recipient, which portion of the distributions is
taxable?
Principal
Contributions made by employee
Contributions made by employer
Gains
Gains
Which of the following does a life insurance policy summary normally include
The policys cash value
A whole life policy option where extended term insurance is selected is called
, Ohio Life Insurance
Nonforfeiture option
Which of the following is a reinstatement condition
Proof of insurability
A securities license is required for the life insurance producer to sell
Variable life insurance
All of these characteristics of a universal life insurance policy except
Flexible death benefit
Fixed surrender value
Flexible premiums
Builds cash value
Fixed surrender value
A provision that allows a policyowner to temporarily give up ownership rights to secure a loan is called
a(n)
Collateral assignment
An insurance company needs to obtain personal information from a third party concerning an applicant.
Which law do all insurers and their producers need to comply with
Fair credit reporting act
