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OHIO Life Insurance OH-Life-Agent-Series-11-44 Release Date

Page: 4 / 8
Total 105 questions
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OHIO Life Insurance Agent Series 11-44 Questions and Answers

Question 13

An insured owns a whole life insurance policy on himself. He would also like coverage for his minor son and/or daughter. One way the Insured can accomplish this goal Is to purchase a

Options:

A.

child term rider.

B.

family income rider.

C.

famitp maintenance rider.

D.

guaranteed insurability rider.

Question 14

Under an executive bonus plan, premiums paid by the employer are

Options:

A.

reported as taxable income to the employee.

B.

tax deductible to both the employee and employer.

C.

reported as taxable Income to the employer.

D.

only tax deductible when the bonus is an insurance plan.

Question 15

The purpose of insurance Is to

Options:

A.

avoid risk.

B.

reduce risk.

C.

transfer risk.

D.

increase risk.

Question 16

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

Options:

A.

interest-only

B.

nonforfeiture

C.

cash value

D.

settlement

Page: 4 / 8
Total 105 questions
Get OH-Life-Agent-Series-11-44 Full Access Download OH-Life-Agent-Series-11-44 PDF