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OHIO HEALTH AND LIFE INSURANCE 2024 EXAM ACTUAL EXAM COMPLETE 450 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+$16.99
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OHIO HEALTH AND LIFE INSURANCE
2024 EXAM 2024-2025 ACTUAL EXAM
COMPLETE 450 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY
GRADED A+
An insurance company has just received a request
for verification from a viatical settlement provider.
The insurer is required to respond within ____
calendar days of this request. - ....ANSWER...30
Which of these annuities require premium payments
that vary from year to year? - ....ANSWER...flexible
premium deferred annuity
A dread disease policy is considered to be a type of -
....ANSWER...limited health insurance policy
Which of the following statements is CORRECT
regarding an individual applying for life or health
,insurance? - ....ANSWER...The applicant's medical
history may be analyzed and reported
All of these are valid policy dividend options for a life
insurance policyowner EXCEPT -
....ANSWER...accumulate without interest
A life insurance policyowner is allowed______ days
upon policy delivery to return the policy for a full
premium refund - ....ANSWER...10
All of the following are considered to be
nonforfeiture options available to a policyowner
EXCEPT - ....ANSWER...Reduction of premium
An interest-sensitive life insurance policyowner may
be able to withdraw the policy's cash value interest
free. The provision that allows this is called -
....ANSWER...Partial Surrender
A life insurance applicant in Ohio may backdate the
application for up to _______ month(s) -
....ANSWER...3
,Joanne has a $100,000 whole life policy with an
accumulated $25,000 of cash value. She would like
to borrow $15,000 against the cash value. Which of
the following statements is TRUE? - ....ANSWER...Net
death benefit will be reduced if the loan is not repaid
Which of these is NOT considered a supplemental
health insuring corporation (HIC) service? -
....ANSWER...outpatient medical services
A client told an intentional lie to an insurer to
receive a favorable premium. This is an example of -
....ANSWER...fraud
Which of the following is INELIGIBLE to participate in
section 125 plan? - ....ANSWER...An S- corp owner
with greater than 2% share
Where would policy proceeds be paid if both the
insured and primary beneficiary were killed in the
same accident? - ....ANSWER...contingent beneficiary
What will the beneficiary receive if an annuitant dies
during the accumulation period? - ....ANSWER...The
, greater of the accumulated cash value or the total
premium paid
Shirley has a Medigap policy, which is designed to
pay costs associated with - ....ANSWER...Medicare
parts A and B
Major medical insurance will typically cover medical
expenses that result from - ....ANSWER...a negative
reaction to a prescribed medication
Sole proprietors are permitted tax deductions for
health costs paid from their earnings in the amount
of - ....ANSWER...100% of costs
Unmarried children who are incapable of self
support and have proof of incapacity are included
under their parent's health coverage until -
....ANSWER...policy termination
Kristi purchases an annuity that will pay her
husband an income for 15 years. If he dies, this
income will become payable to their children for the
remainder of the period. Kristi has what kind of
annuity? - ....ANSWER...Temporary annuity certain
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