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Statements by an applicant concerning personal health history, family health history, occupation, and hobbies are referred to as
Upon the divorce of an insured who designated their spouse as the beneficiary, which of the following actions will result?
Which of the following is a provision in an interest-sensitive life policy which allows the policyowner to withdraw the policy's cash value Interest free?
Which of the following is a life insurance contract written on the life of an individual?
An Insurer would consider which of the following In determining whether to accept a group life plan?
What type of insurance is the cheapest option to pay off a 30-year mortgage balance?
In reference to life Insurance in contract law, a person MOST likely will have an insurable interest in insuring a person's life If
While texting and driving, an Insured loses control of the vehicle and hits a tree. The resulting collision Is
Insurers do business in Ohio only after a thorough financial review. Most insurance policies written in Ohio are protected by the Guaranty Association established to protect policy owners In the event an admitted company
A modified endowment contract (MEC) receives different tax treatment on pre-death distributions than other life Insurance policies because the modified endowment policy
An Insured owns a whole life policy that has accumulated cash value. Which of the following statements Is true about the policy's cash value?
Which of the following plans will provide a death benefit to the policy's beneficiary Income tax free?
Which of the following retirementplans will allow for a nonworking spouse to set up a separate account and make contributions based on the working spouse's Income?
If an Insured under a life insurance policy dies with an outstanding loan balance then the death benefit
will
An insured has chosen to receive the payout from her husband's life insurance policy so that she will receive an Income for the next 10 years. At the end of that time, the entire proceeds from the policy will have been paid out. The insured has selected which option?
What is an Insurer's liability when it Is discovered after an Insured dies that the Insured's age on the policy was misstated?
An annuitant dies during the accumulation period. What happens to the cash value in the annuity?
When a policy owner requests a partial surrender from her Universal Life Policy she Is requesting which of the following?
When a beneficiary Inherits a traditional IRA, which of the following Is TRUE about taxation when the money is withdrawn? The beneficiary pays
Competency of an Individual to enter into an Insurance contract is determined based on
The only beneficiary named in a life insurance policy died before the Insured. The policyowner did not name a new beneficiary. When a claim is filed, the death benefit would be paid to the
Which of the following statements BEST describes a single premium cash value policy?
Which of the following represents a syndicate of underwriters that specialize in Insuring specific types of risk?
TESTED 18 Oct 2024