Free Practice Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Questions 2025

Stay ahead with 100% Free OHIO Life Insurance Agent Series 11-44 OH-Life-Agent-Series-11-44 Dumps Practice Questions

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Total 106 Questions | Updated On: Jan 27, 2025

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Question 1

Loans may generally be obtained against the cash value of a personal life Insurance policy and policy loan proceeds

A : accelerate the benefits under the policy.

B : are not treated as taxable income.

C : are subject to Federal estate tax.

D : generate nontaxable interest income.

Answer: B

Question 2

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

A : interest-only

B : nonforfeiture

C : cash value

D : settlement

Answer: B

Question 3

Rob, Joe, and Mike are brothers who have a $60,000 "first-to-die" Joint life policy covering all three of their lives. If Joe dies first, the policy proceeds

A : will not provide further insurance protection.

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

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

D : must be awarded to Joe's estate.

Answer: A

Question 4

All the following riders can Increase the death benefit amount EXCEPT

A : Cost of Living.

B : Waiver of Premium.

C : Accidental Death Rider.

D : Guaranteed Insurability.

Answer: C

Question 5

Loans may generally be obtained against the cash value of a personal life Insurance policy and policy loan proceeds

A : accelerate the benefits under the policy.

B : are not treated as taxable income.

C : are subject to Federal estate tax.

D : generate nontaxable interest income.

Answer: B

Page: 1 / 22

Total 106 Questions | Updated On: Jan 27, 2025

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