Ohio Life and Health Insurance Bundled Exams Questions and Answers | 100% Verified and Updated 2024 | Graded to Pass!!

Insurance License Exam - Ohio Health and Life Latest 2024 Graded A+ immediate annuity - Answer ️️ -Jessica purchased an annuity with a single $175,000 premium payment, and payments began one month later. Based on these facts, what type of annuity did she purchase? Benefits are typically pai...

Ohio Health and life insurance exam 100% Pass The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - Answer ️️ -cancelable Krissa purchases a 10-year level term life insurance policy that has a death benef...

Ohio life and Health Insurance Practice Final Already Passed Premiums paid that exceed 7 1/2% of an insured's Adjusted Gross Income (AGI) are tax- deductible when paid for which of the following plans? - Answer ️️ -Qualified Long-Term Care plan All _____ policies must be guaranteed renewabl...

Ohio Life and Health Practice Exam Latest 2024 Graded A An insured has a stop-loss limit of $5,000, a deductible of $500, and an 80/20 coinsurance. The insured incurs $25,000 of covered losses. How much will the insured have to pay? $500 $5,000 $5,400 $5,600 - Answer ️️ -$5,000 Which of t...

Ohio life/health insurance study guide latest 2024 rated A+ Which statement best describes the tax responsibilities under a Business Overhead policy? - Answer ️️ -Premiums are deductible, benefits are taxed In which type of insurance company may stockholders share in the profits and losses of...

Life, accident and health insurance state exam- OH Already Passed A person who is a nonsmoker, of average weight and in excellent health would most likely be in which risk classification? - Answer ️️ -preferred Preferred risk policies with reduced premiums are issued by insurance companies bc...

Ohio Life and Health Insurance Exam Cram 100% Correct The term describing the insured's notification to the insurer requesting payment for a covered loss is: a. Limit of liability b. Premium c. Claim d. Deductible - Answer ️️ -An insurance claim is the insured's notification to the insur...

Life and Health Insurance - Ohio Licensing Exam 100% Pass Absolute Assignment - Answer ️️ -The assignment by the policy owner of all control and rights to a third party. This differs from collateral assignment, which allows all the rights and control to revert to the owner once a loan is paid...