An insured wants to purchase a policy with three key elements: flexible premium, death benefit, and the choice of mutual funds where the cash value will be Invested In a separate account. The Insured should purchase
What is the approach to assessing the consumer's need for life insurance that focuses on an individual's future stream of income?
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
Insurance agents have duties and responsibilities to the insured and the insurer. Which of the following responsibilities does an agent owe the insured during the policy year?
Which of the following is a life insurance contract written on the life of an individual?
Under the children's term rider, what occurs when a child reaches the specified age? He or she
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
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
An Individual buys an annuity that will pay her spouse an income for 20 years. If the spouse dies within that time, the Income will be paid to their children for the remainder of the period. What kind of annuity did the Insured buy?
Which Is the name of the policy that combines a universal life policy with investment choices?
In reference to life Insurance in contract law, a person MOST likely will have an insurable interest in insuring a person's life If
Which rider would allow additional insurance to be purchased at specified dates or events, without additional underwriting?
When a policy owner requests a partial surrender from her Universal Life Policy she Is requesting which of the following?
To avoid tax consequences, a rollover from a Traditional IRA to another IRA MUST be done within
The proposed insured's statements on a life insurance application are considered to be
Competency of an Individual to enter into an Insurance contract is determined based on
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TESTED 02 Jul 2025
