Ohio Life insurance Exam

A provision that allows a policy owner to withdraw a policy's cash value interest free is - CORRECT ANSWER-Partial surrender Kurt is an active duty serviceman who was recently killed in an accident while home on leave. Which military service exclusion clause would pay upon his death? - CORRECT ...

What type of report provides information about an applicant's hobbies, habits, and financial status? - CORRECT ANSWER-Investigative consumer report What are the three factors that determine the premium for a particular life insurance policy? - CORRECT ANSWER-Mortality, interest, expense How doe...

Which of the following is usually the owner of the annuity? - CORRECT ANSWER-The annuitant Which of the following is not true of the straight life income option for annuities? - CORRECT ANSWER-A beneficiary will receive any balance of the annuity upon the annuitant's death. When an insurance p...

A life insurance company has transferred some of its risk to another insurer. The insurer assuming the risk is called - CORRECT ANSWERall of the following are examples of business continuity plan except - CORRECT ANSWER-Deferred Compensation All of these are valid options for an Adjustable Life P...

A person who is a nonsmoker, of average weight and in excellent health would most likely be in which risk classification? - CORRECT ANSWER-preferred Preferred risk policies with reduced premiums are issued by insurance companies bc the insured has - CORRECT ANSWER-better than average mortality ...