Changed OH-Life-Agent-Series-11-44 Exam Questions

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.

Under Ohio law, the superintendent of insurance has the authority to access the books, records, and documents of insurers and their agents during examinations or investigations. Agents are required to make these records available upon the superintendent’s request.

Under Ohio Revised Code Section 3965.02, each licensee is required to develop, implement, and maintain a comprehensive written information security program based on the licensee's risk assessment. This program must include administrative, technical, and physical safeguards for the protection of nonpublic information and the licensee's information system.

A "Period Certain" annuity, also known as a "term certain" or "fixed period" annuity, guarantees payments for a specified period, such as 10, 15, or 20 years, regardless of whether the annuitant lives or dies during that period. If the annuitant dies before the end of the period, the remaining payments are made to a designated beneficiary. This option provides a predictable income stream for a set duration.