Question 1

Under the children's term rider, what occurs when a child reaches the specified age? He or she

Options :

A : automatically becomes the beneficiary of the life insurance policy.

B : must show evidence of insurability to remain covered.

C : may Increase the term coverage of the rider.

D : is eliminated from coverage.

Answer: B

Question 2

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

Options :

A : business continuation life.

B : business overhead.

C : key person.

D : employee welfare.

Answer: C

Question 3

Extended term Insurance can be selected under which whole life policy provision?

Options :

A : interest-only

B : nonforfeiture

C : cash value

D : settlement

Answer: B

Question 4

The proposed insured's statements on a life insurance application are considered to be

Options :

A : absolute statements.

B : misrepresentations.

C : representations

D : warranties

Answer: C

Question 5

Loans may generally be obtained against the cash value of a personal life Insurance policy and policy loan proceeds

Options :

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.

Answer: B

Free OH-Life-Agent-Series-11-44 Mock Exam – Practice Online Confidently

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