Ohio Life, Accident & Health Insurance Exam (Series 11-35),
Life Insurance Policies Exam study guide || Most Recent
Exam 2026-2027 Actual Complete Real Exam Questions
And Correct Answers (Verified Answers) Already Graded
A+ | Guaranteed Success!! Newest Exam | Just Released!!
What type of whole life insurance policies only requires a
payment of premium at its inception, and in addition to
providing insurance protection for the life of the insured,
endows at the insured's age 100? - ANSWER -Single premium
whole life
What are the characteristics of the group that underwriters will
consider before
issuing a group life policy? - ANSWER -Group's purpose,
size, financial
strength, and
turnover
Universal life policies have two different types of interest rates.
What are they? -
ANSWER -Guaranteed and
current
Who is insured under a juvenile life policy? - ANSWER -A minor
, If an insured terminates membership in group life insurance,
to what type of
insurance can the insured convert the coverage? -
ANSWER -Whole life
What universal life option has a gradually increasing cash
value and a level
death benefit? - ANSWER -
Option A
Why are policy loans not available on term insurance? -
ANSWER -It has no
cash value to borrow
against
The death protection component of a universal life policy is
expressed as what
type of coverage? - ANSWER -Annually
renewable term
What type of life insurance policy is Life Paid-Up at Age 65 -
ANSWER -Limited-
pay Whole
Life
Under Option B in a universal life policy, what happens to the
death benefit? - ANSWER -The death benefit increases each
year by the amount that the cash value increases
Life Insurance Policies Exam study guide || Most Recent
Exam 2026-2027 Actual Complete Real Exam Questions
And Correct Answers (Verified Answers) Already Graded
A+ | Guaranteed Success!! Newest Exam | Just Released!!
What type of whole life insurance policies only requires a
payment of premium at its inception, and in addition to
providing insurance protection for the life of the insured,
endows at the insured's age 100? - ANSWER -Single premium
whole life
What are the characteristics of the group that underwriters will
consider before
issuing a group life policy? - ANSWER -Group's purpose,
size, financial
strength, and
turnover
Universal life policies have two different types of interest rates.
What are they? -
ANSWER -Guaranteed and
current
Who is insured under a juvenile life policy? - ANSWER -A minor
, If an insured terminates membership in group life insurance,
to what type of
insurance can the insured convert the coverage? -
ANSWER -Whole life
What universal life option has a gradually increasing cash
value and a level
death benefit? - ANSWER -
Option A
Why are policy loans not available on term insurance? -
ANSWER -It has no
cash value to borrow
against
The death protection component of a universal life policy is
expressed as what
type of coverage? - ANSWER -Annually
renewable term
What type of life insurance policy is Life Paid-Up at Age 65 -
ANSWER -Limited-
pay Whole
Life
Under Option B in a universal life policy, what happens to the
death benefit? - ANSWER -The death benefit increases each
year by the amount that the cash value increases
