OH-Life-Agent-Series-11-44 Exam Dumps : OHIO Life Insurance Agent Series 11-44

A long-term care rider allows policyholders to access a portion of their life insurance benefits to cover expenses associated with long-term care, such as stays in nursing homes or assisted living facilities.

A hazard is any condition or behavior that increases the likelihood of a loss occurring. Hazards are categorized as physical, moral, or morale. For example, driving under the influence is a hazard because it elevates the chance of a car accident. In contrast, a peril is the actual cause of loss, such as fire or theft.

Alife annuity certainensures that payments will continue for aspecified periodeven if the annuitant dies before that time. If the annuitant dies early, the payments go to a beneficiary for the remaining period.

"An annuity certain guarantees payment for a fixed period, regardless of whether the annuitant is alive for the entire period. If death occurs, payments continue to a named beneficiary."