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 Death benefit An indemnity plan Pays both the insured and health care provider Provides the insured a specific dollar amount for services Pays the health care provider directly for services rendered Is typically issued as a group plan - correct answer provides the insured a specific dollar amount for servi
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ohio life and health practice exam 2024 with 100
