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

Ohio Health and life insurance exam with 100% correct answers

OHIO HEALTH AND LIFE INSURANCE 2024 EXAM ACTUAL EXAM COMPLETE QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+

Ohio Life and Health Practice Exam Questions And Verified Answers

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 - 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 - The face amount and premium will remain constant over the 10 year period Which of the following provides Medicare supplement policie...

OHIO LIFE AND HEALTH PRACTICE EXAM 2024 WITH 100% CORRECT ANSWERS 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 - correct answer $5,000 Which of these is NOT subject to income taxation under Modified Endowment Contract (MEC) Loan against the cash value Policy withdrawal Policy Dividend Death Benefit - correct answer Deat...

OHIO LIFE AND HEALTH PRACTICE EXAM 2024 Ownership of a life insurance policy may be temporarily transferred with a(n) - correct answer collateral assignment Which of the following statements is CORRECT regarding an individual applying for life or health insurance? - correct answer The applicant's medical history may be analyzed and reported Which type of annuity guarantees a stated number of income payments, whether or not the annuitant is still alive to receive them? - correct answ...

OHIO LIFE AND HEALTH STATE EXAM 2024 What type of policy would only provide coverage for specific type of illnesses? - correct answer Dread disease insurance Justin is receiving disability income benefits from a group policy paid for by his employer. How are these benefits treated for tax purposes? - correct answer taxable income And insurance company needs to obtain personal information from a third-party concerning an applicant. Which law do you all ensures in there producers need ...

OHIO LIFE AND HEALTH PRACTICE EXAM 2024 WITH 100% CORRECT ANSWERS Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary? - correct answer Life income Someone needing custodial care at home would require which type of coverage? - correct answer Long term care coverage Which of these is not considered a supplemental health insuring corporation (HIC) service? - correct answer Outpatient medical services An employer may qualify for health ...