Ohio health and life - Study guides, Class notes & Summaries

Ohio Health and life insurance exam-with 100% verified solutions

immediate annuity - 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 paid while the contract owner is alive - Compared with life insurance, which of the following statements regarding annuities is most correct? Mortality and interest assumptions - Actuaries calculate net single premiums based on which of the following? term life insurance policy - What...

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 benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - Answer ️️ -The face amount and premium will remain constant over th...

Ohio Health and life insurance exam questions with correct answers with complete A+solution 2024/2025

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 benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - ANSWER The face amount and premium will remain constant over the 10 year period Which of the following provides Medicare su...

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 benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - Answer The face amount and premium will remain constant over the 10 year period Which of the following provides Medic...

Ohio Health and Life Insurance Exam | Questions and Correct Answers | Latest Update 2024/2025 | 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 benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - Answer -The fa...

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 paid while the contract owner is alive - Answer ️️ -Compared with life insurance, which of the following statements regarding annuities is most correct? Mortality and interest assumptions - Answer ...

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 benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - ANSWER The face amount and premium will remain constant over the 10 year period Which of the following provides Medicare su...

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