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

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Ohio Department of Insurance OHIO Life Insurance OH-Life-Agent-Series-11-44 Question # 11 Topic 2 Discussion

OH-Life-Agent-Series-11-44 Exam Topic 2 Question 11 Discussion:
Question #: 11
Topic #: 2

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

will


A.

be reduced by the amount of the loan and interest owed.


B.

not be paid until the loan is repaid.


C.

be paid less the amount of the loan but not the interest.


D.

be paid less the amount of the loan interest but not the principal.


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