Question 1

Which of the following policies allows the policyowner to change two policy features?

Options :

A : Credit Life.

B : Modified Life.

C : Adjustable Life.

D : Term Life.

Answer: C

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

All the following riders can Increase the death benefit amount EXCEPT

Options :

A : Cost of Living.

B : Waiver of Premium.

C : Accidental Death Rider.

D : Guaranteed Insurability.

Answer: C

Question 4

When a beneficiary Inherits a traditional IRA, which of the following Is TRUE about taxation when the money is withdrawn? The beneficiary pays

Options :

A : no tax.

B : an estate tax.

C : capital gains tax.

D : income tax.

Answer: D

Question 5

An Insurer would consider which of the following In determining whether to accept a group life plan?

Options :

A : Grace period

B : Beneficiary

C : Average age

D : Dependents

Answer: C

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

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