OHIO LIFE INSURANCE FINAL EXAM REVISION QUESTIONS AND ANSWERS COMPLETE 100% VERIFIED

OHIO LIFE INSURANCE FINAL EXAM REVISION
QUESTIONS AND ANSWERS COMPLETE 100%
VERIFIED
Which of the following fixed annuities has a minimum rate of return and a
current rate of return that is connected to the S&P 500?
✔✔Equity indexed annuity
All of the following are features of variable universal life, EXCEPT:
✔✔Insurer decides where to invest premiums
What plan would likely meet the needs of 2 partners who want to create a
buy/sell agreement and an inexpensive and simple funding plan?
✔✔A joint life plan, which will provide the survivor money to buy out the
deceased partner's heirs.
Mark names his wife and children as beneficiaries on his life policy. They
would not be considered:
✔✔Other insureds
Who issues a temporary insurance agent license?
✔✔The Superintendent
Which of the following are common personal uses for life insurance?
✔✔a. Estate planning
b. Cash accumulation
c. Protection of survivors