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Vce OH-Life-Agent-Series-11-44 Questions Latest

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Total 105 questions
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OHIO Life Insurance Agent Series 11-44 Questions and Answers

Question 25

Interest earned on a Traditional IRA is taxed

Options:

A.

prior to contribution.

B.

during the accumulation period.

C.

at distribution.

D.

only if there is a premature distribution.

Question 26

Which rider would allow additional insurance to be purchased at specified dates or events, without additional underwriting?

Options:

A.

Guaranteed renewability.

B.

Guaranteed insurability.

C.

Cost of living.

D.

Disability income.

Question 27

An agent's underwriting duties Include which of the following?

Options:

A.

Setting premium amounts.

B.

Completing all applications and collecting initial premiums.

C.

Declining or accepting an application.

D.

Issuing the policy.

Question 28

Bettie has a $200,000 whole life policy with a $50,000 cash value. She wishes to borrow $30,000 for the purchase of a new van. Which of the following Is TRUE In this situation?

Options:

A.

There is no requirement that she pay back the loan.

B.

Loans can only be taken for hardship situations.

C.

Whole life policies do not have any loan provisions.

D.

This type of loan is interest free.

Page: 7 / 8
Total 105 questions
Get OH-Life-Agent-Series-11-44 Full Access Download OH-Life-Agent-Series-11-44 PDF