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Ohio Life, Accident & Health Insurance
Exam (Series 11-35), Life Insurance
Policies Questions and Correct Answers/
Latest Update / Already Graded
What type of policy is typically issued without proof of insurability
from the insured?
Ans: Group policy
A whole life policy that requires that the Policyowner only pays
premiums for a specified number of years is known as what type of
policy?
Ans: Limited-pay whole life
Who is entitled to the cash values in an insurance policy?
Ans: The Policyowner
An insured receives a monthly summary for his life insurance policy. He
notices that the cash value of the policy is significantly lower this
month than it was last month. What type of policy does the insured
have?
Ans: Variable
All rights reserved © 2025/ 2026 |
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What happens to the premium in an annually renewable term life
policy?
Ans: Premium increases with each renewal
In a joint life policy, when is the death benefit paid?
Ans: Upon the first death
In term policies, what happens to the premium throughout the policy?
Ans: It remains level
In variable universal life insurance, to which policy component does the
term variable refer?
Ans: Cash value and death benefit
When the amount of insurance is increased in an adjustable life policy,
what will the insurer require from the insured?
Ans: Evidence of insurability
All rights reserved © 2025/ 2026 |
Ohio Life, Accident & Health Insurance
Exam (Series 11-35), Life Insurance
Policies Questions and Correct Answers/
Latest Update / Already Graded
What type of policy is typically issued without proof of insurability
from the insured?
Ans: Group policy
A whole life policy that requires that the Policyowner only pays
premiums for a specified number of years is known as what type of
policy?
Ans: Limited-pay whole life
Who is entitled to the cash values in an insurance policy?
Ans: The Policyowner
An insured receives a monthly summary for his life insurance policy. He
notices that the cash value of the policy is significantly lower this
month than it was last month. What type of policy does the insured
have?
Ans: Variable
All rights reserved © 2025/ 2026 |
, Page |2
What happens to the premium in an annually renewable term life
policy?
Ans: Premium increases with each renewal
In a joint life policy, when is the death benefit paid?
Ans: Upon the first death
In term policies, what happens to the premium throughout the policy?
Ans: It remains level
In variable universal life insurance, to which policy component does the
term variable refer?
Ans: Cash value and death benefit
When the amount of insurance is increased in an adjustable life policy,
what will the insurer require from the insured?
Ans: Evidence of insurability
All rights reserved © 2025/ 2026 |
