Ohio life and health Study guides, Class notes & Summaries

OHIO LIFE AND HEALTH INSURANCE PRACTICE FINAL EXAM 2024 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? - correct answer Qualified Long-Term Care plan All _____ policies must be guaranteed renewable. - correct answer long-term care An attending physician's statement would be appropriate for which life insurance purpose? - correct answer At the request of the insurer to assist in the underwrit...

XCEL OHIO LIFE AND HEALTH STATE PRACTICE EXAM 2024 Which of these describes the result of a modified endowment contract that failed to meet the seven-pay test? - correct answer Pre-death distributions are typically taxable. A medical provider that accepts Medicare Assignment must - correct answer accept payment based upon a defined Medicare schedule as payment in full. Which of the following statements regarding Group Disability Income Insurance is TRUE? - correct answer It provides ...

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 Death benefit An indemnity plan Pays both the insured and healt...

LIFE AND HEALTH INSURANCE - OHIO LICENSING EXAM

Life and Health Insurance - Ohio Licensing Exam Questions and Answers.Life and Health Insurance - Ohio Licensing Exam Questions and Answers.

OHIO LIFE AND HEALTH PRACTICE EXAM

Ohio Life and Health Practice Exam Questions and Answers.Ohio Life and Health Practice Exam Questions and Answers.Ohio Life and Health Practice Exam Questions and Answers.

Ohio Life and Health Insurance Exam Cram Questions & Answers Solved 100% Correct!!

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 insurer that a payment is requested for a covered loss. The correct answer is: Claim Which of the following is the consideration an insured pays for insurance coverage? Select one: a. Deductible b. P...

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 off Accident - Answer ️️ -A fortuitous event; unforeseen and unintended Accidental Death Insurance - Answer ️️ -A form of health insurance that provides payment if death of the insured res...