OH-Life-Agent-Series-11-44 OHIO Life Insurance Agent Series 11-44 Question and Answers

provide insurance to otherwise uninsurable individuals.

provide alternative means.

Insure insurers.

keep premiums low.

prior to contribution.

during the accumulation period.

at distribution.

only if there is a premature distribution.

a whole life policy to another whole life policy.

a whole life policy to an annuity.

an annuity to another annuity.

an annuity to a whole life policy.

producer

owner

Insured

assignee

equals the face amount of the policy.

results In a dividend payment to the policyowner.

ceases to earn interest or grow in a positive earnings direction.

requires mandatory cash value distributions.

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

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

Waives policy premiums if the insured becomes totally disabled.

Increases the value of the policy if the policyowner dies.

accumulate a sum of money for retirement.

can provide money to pay taxes on assets.

redistribute the premium obligation during the early years of the policy.

provide funeral insurance and pre-need burial insurance.

depictions.

certifications.

representations.

personal characteristics.

funds are Invested in a separate account.

the minimum interest rate is guaranteed in the contract.

benefit payments remain level.

it may be sold as an immediate or deferred annuity.

cannot meet it's capital surplus requirements.

merges with a foreign insurer.

becomes financially insolvent.

depletes its loss reserves.

no tax.

an estate tax.

capital gains tax.

income tax.

hazard.

peril.

indemnity.

loss.

coercion.

defamation.

intimidation.

misrepresentation.

Protection to age 65.

Life time protection.

A lower premium.

Pure protection.

partially tax deductible.

not tax deductible.

only tax deductible at age 50 or older.

tax deductible at retirement.

55 1/2 years.

59 1/2 years.

63 1/2 years.

65 1/2 years.

child term rider.

family income rider.

famitp maintenance rider.

guaranteed insurability rider.

retirees.

company employees.

members of a family.

association members.

impose an administrative penalty

suspend the licensee s premium accounts

immediately terminate insurer appointments

sentence the licensee up to 30 days in jail

coverage amount to match the loan amount.

conversion privileges.

Individual policies.

group policies.

beneficiary's estate.

insured's estate.

Insured's next of kin.

policyowner.

notify the superintendent

notify all prospective insureds

obtain approval from the insurer

notify the National Association of Insurance Commissioners

there are many individuals who may also experience a similar loss.

the policyholder has a policy from another insurer.

deductibles would be required.

the loss is expected.

reduce the policy premium.

accumulate without interest.

be paid to the policyowner in cash.

purchase additional insurance protection.

will not provide further insurance protection.

must be shared equally by Rob and Joe's wife.

will accumulate with interest until another brother dies and then be awarded to the surviving brother.

must be awarded to Joe's estate.

policyholder suffers a disability.

first premium has been paid.

policy has been in force for one year.

policy reaches its maturation date.

fixed value rates

variable sub accounts

market value adjustments

interest sensitive trigger

risk selection.

medical underwriting.

adverse selection.

risk underwriting.