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Pearson OH-Life-Agent-Series-11-44 New Attempt

OHIO Life Insurance Agent Series 11-44 Questions and Answers

Question 9

An accelerated death benefit

Options:

A.

pays an additional benefit if the policyholder dies as a result of an accident.

B.

allows the policyowner to sell their policy to a third party.

C.

pays a portion of the face amount when a policyowner Is determined to be terminally ill.

D.

pays only in the event of an accident resulting in death.

Question 10

Reinsurers are a specialized branch of the insurance industry because they

Options:

A.

provide insurance to otherwise uninsurable individuals.

B.

provide alternative means.

C.

Insure insurers.

D.

keep premiums low.

Question 11

The accumulated cash value of a whole life insurance policy becomes the

Options:

A.

policy loan value upon which the insured may borrow.

B.

amount used to purchase paid up additions to the insured's policy.

C.

funds used to offset policy administration and conversion expenses.

D.

face amount payable upon the insured's death.

Question 12

Which of the following is TRUE of a payor benefit rider?

Options:

A.

Waives premiums on a Juvenile policy if the policyowner becomes totally disabled or dies.

B.

Pays a monthly income to the policyowner if the insured is totally disabled.

C.

Waives policy premiums if the insured becomes totally disabled.

D.

Increases the value of the policy if the policyowner dies.