EMT Practice Test

1. Question Content...

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Question1: What type of insurance is the cheapest option to pay off a 30-year mortgage balance?

Question2: Contributions made to a Roth IRA are

Question3: An insured has a 5-year Renewable Term Life Insurance Policy. Upon exercising the renewable privilege, the
Insured MUST

Question4: In Ohio, an agent must be appointed by the Insurer within how many days from the date the agency contract Is
executed, or the first Insurance application Is submitted?

Question5: If an Insured under a life insurance policy dies with an outstanding loan balance then the death benefit
will

Question6: If an agent does NOT send a refund to a policyholder within an expectable time frame, the agent may

Question7: 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?

Question8: An insured has chosen to receive the payout from her husband's life insurance policy so that she will receive
an Income for the next 10 years. At the end of that time, the entire proceeds from the policy will have been
paid out. The insured has selected which option?

Question9: After a request has been received for verification of coverage from a viatical settlement provider, an insurance
company authorized to do business shall respond within:

Question10: Which nonforfeiture option allows the policyowner to purchase less coverage for life?

Question11: Without written consent, a policyowner CANNOT change the beneficiary If he has named

Question12: Interest earned on a Traditional IRA is taxed

Question13: A policyowner may choose to have his/her life insurance policy dividends do all of the following EXCEPT

Question14: An agent's actions or deeds demonstrate what kind of authority?

Question15: Which rider would allow additional insurance to be purchased at specified dates or events, without additional
underwriting?

Question16: A modified endowment contract (MEC) receives different tax treatment on pre-death distributions than other
life Insurance policies because the modified endowment policy

Question17: Under an executive bonus plan, premiums paid by the employer are

Question18: Which of the following retirementplans will allow for a nonworking spouse to set up a separate account and
make contributions based on the working spouse's Income?

Question19: Extended term Insurance can be selected under which whole life policy provision?

Question20: An immediate annuity begins making payments after the

Question21: 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

Question22: As a form of level premium permanent Insurance, ordinary life Insurance accumulates a reserve that
eventually

Question23: Which Is the name of the policy that combines a universal life policy with investment choices?

Question24: To receive proceeds from a death benefit, a minor

Question25: Which of the following is a characteristic of a contract of adhesion?

Question26: Which of the following individuals has the right to name a beneficiary?

Question27: Which of the following statements is TRUE regarding a waiver of premium rider?

Question28: Kelvin is receiving tax deferred growth until retirement. In what phase would Kelvin's annuity be?

Question29: Falsifying the terms, benefits, advantages, or conditions of an insurance policy Is an example of which of the
following?

Question30: Generally, rates charged for Insurance may NOT be

Question31: Statements by an applicant concerning personal health history, family health history, occupation, and hobbies
are referred to as

Question32: 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

Question33: The accumulated cash value of a whole life insurance policy becomes the

Question34: At what age can an Individual begin to receive distributions from an IRA without a tax penalty?

Question35: The most common use of a group life insurance policy is to insure

Question36: Which of the following statements BEST describes a single premium cash value policy?

Question37: A policyowner may not pay premiums with which frequency?

Question38: Which of the following statements BEST describes a single premium cash value policy?

Question39: Bettie has a $200,000 whole life policy with a $50,000 cash value. She wishes to borrow $30,000 for the
purchase of a new van. Which of the following Is TRUE In this situation?

Question40: Risks are generally NOT Insurable if

Question41: 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?

Question42: An exposure Is a condition or situation that presents the possibility of

Question43: What does a limited payment whole life policy provide?

Question44: Which of the following policies allows the policyowner to change two policy features?

Question45: All of the following statements apply to the surrender of an annuity contract EXCEPT

Question46: What is an Insurer's liability when it Is discovered after an Insured dies that the Insured's age on the policy was
misstated?

Question47: The settlement option that allows proceeds to remain with the Insurer and the earnings to be paid to the
beneficiary on a monthly basis is called

Question48: Which of the following is a characteristic of a non-admitted Insurer?

Question49: The structure of a credit life insurance policy does NOT allow for

Question50: An agent qualified to sell variable products in Ohio must report each of the following to the superintendent of
Insurance EXCEPT

Question51: Deliberate withholding of material facts that would affect the validity of an Insurance policy or a claim under
the policy Is known as