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Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
1. What is the approach to assessing the consumer's need for life insurance that focuses on an individual's future
stream of income?
A) Needs approach
B) Return of Investment approach
C) Human Life Value approach
D) Affordability approach
2. Extended term Insurance can be selected under which whole life policy provision?
A) cash value
B) nonforfeiture
C) settlement
D) interest-only
3. Upon annuitization, which of the following will have the HIGHEST monthly payout?
A) Straight life with guaranteed payments.
B) Joint and survivor life.
C) Joint life.
D) Straight life.
4. Falsifying the terms, benefits, advantages, or conditions of an insurance policy Is an example of which of the
following?
A) Misrepresentation
B) Concealment
C) Forgery
D) Coercion
5. In which of the following dividend options would an Insurer invest the policyowners money and add interest
earnings to the Initial amount of the dividends as such earnings accrue?
A) Paid-up Additions Option.
B) Accumulation at Interest Option.
C) Reduced Premium Dividend Option.
D) Cash Dividend Option.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: B |

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