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The proposed insured's statements on a life insurance application are considered to be
The proposed insured's statements on a life insurance application are considered to beA . absolute statements.B . misrepresentations.C . representations.D . warranties.View AnswerAnswer: C
An insured owns a whole life insurance policy on himself. He would also like coverage for his minor son and/or daughter. One way the Insured can accomplish this goal Is to purchase a
An insured owns a whole life insurance policy on himself. He would also like coverage for his minor son and/or daughter. One way the Insured can accomplish this goal Is to purchase aA . child term rider.B . family income rider.C . famitp maintenance rider.D . guaranteed insurability rider.View AnswerAnswer:...
Statements by an applicant concerning personal health history, family health history, occupation, and hobbies are referred to as
Statements by an applicant concerning personal health history, family health history, occupation, and hobbies are referred to asA . depictions.B . certifications.C . representations.D . personal characteristics.View AnswerAnswer: C
A policyowner may not pay premiums with which frequency?
A policyowner may not pay premiums with which frequency?A . Bi-weeklyB . MonthlyC . QuarterlyD . Semi-annuallyView AnswerAnswer: A
After the hearing, if the insurance superintendent has determined a licensee has committed a violation of Ohio Insurance Laws, what can the insurance superintendent do?
After the hearing, if the insurance superintendent has determined a licensee has committed a violation of Ohio Insurance Laws, what can the insurance superintendent do?A . impose an administrative penaltyB . suspend the licensee s premium accountsC . immediately terminate insurer appointmentsD . sentence the licensee up to 30 days...
An Insurer would consider which of the following In determining whether to accept a group life plan?
An Insurer would consider which of the following In determining whether to accept a group life plan?A . Grace periodB . BeneficiaryC . Average ageD . DependentsView AnswerAnswer: C
The Group Life Underwriting risk selection process helps protect Insurers from
The Group Life Underwriting risk selection process helps protect Insurers fromA . risk selection.B . medical underwriting.C . adverse selection.D . risk underwriting.View AnswerAnswer: C
Contributions made to a Roth IRA are
Contributions made to a Roth IRA areA . partially tax deductible.B . not tax deductible.C . only tax deductible at age 50 or older.D . tax deductible at retirement.View AnswerAnswer: B
Which of the following individuals has the right to name a beneficiary?
Which of the following individuals has the right to name a beneficiary?A . producerB . ownerC . InsuredD . assigneeView AnswerAnswer: B
Which of the following statements is TRUE regarding a waiver of premium rider?
Which of the following statements is TRUE regarding a waiver of premium rider?A . There will be no change in the policy other than the insured no longer has to pay the premiums on the policy.B . The policy's cash value will continue to grow, but at a slower rate...
