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OHIO Life Insurance Agent Series 11-44: OH-LIFE-AGENT-SERIES-11-44

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OHIO Life Insurance Agent Series 11-44: OH-LIFE-AGENT-SERIES-11-44

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Ohio Department of Insurance OH-LIFE-AGENT-SERIES-11-44 Last Month Results

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OH-LIFE-AGENT-SERIES-11-44 Online Practice Questions and Answers

Questions 1

All of the following statements regarding a group annuity are correct, EXCEPT

A. purchased as part of a structured corporate pension plan.

B. each employee signs and receives an individual contract.

C. participation is limited to eligible employees.

D. considered a defined-benefit plan.

Show Answer

Questions 2

Which nonforfeiture option allows the policyowner to purchase less coverage for life?

A. Reduced Paid-Up Insurance.

B. Cash Surrender Value.

C. Settlement Value.

D. Extended Term.

Show Answer

Questions 3

Each of the following are characteristics of a fixed annuity contract EXCEPT

A. funds are Invested in a separate account.

B. the minimum interest rate is guaranteed in the contract.

C. benefit payments remain level.

D. it may be sold as an immediate or deferred annuity.

Show Answer More Questions

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