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Oklahoma Life and Health Insurance Exam Questions and Answers 100% Solved $11.99
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Exam (elaborations)

Oklahoma Life and Health Insurance Exam Questions and Answers 100% Solved

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Oklahoma Life and Health Insurance Exam Questions and Answers 100% Solved All of the following are included as part of a contract in the entire contract provision EXCEPT the riders application changes made by the producer policy - changes made by the producer Health insurance involves two ...

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  • December 24, 2024
  • 78
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Health Insurance
  • Health Insurance
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JOSHCLAY
Oklahoma Life and Health Insurance

Exam Questions and Answers 100%

Solved


All of the following are included as part of a contract in the entire contract

provision EXCEPT the



riders

application

changes made by the producer

policy - ✔✔changes made by the producer

Health insurance involves two perils, accident and ____. - ✔✔sickness

All of the following riders can increase the death benefit amount EXCEPT



Cost of Living

Waiver of Premium

Accidental Death Rider

Guaranteed Insurability - ✔✔Waiver of Premium
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

,Of the following dividend options, which of these is taxable?



Reduction of premium

One year term

Paid-up additions

Accumulation at interest - ✔✔Accumulation at interest

Insurance that is designed to pay the balance of a loan if the insured dies

before the loan has been repaid in full is



life settlement

whole life

universal life

credit life - ✔✔credit life

A temporary producer's license issued by the Insurance Commissioner

without examination is valid for a period of no longer than



90 days

120 days

180 days

270 days - ✔✔180 days

2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

,How do interest earnings accumulate in a deferred annuity?



On a tax credit basis

On a tax-deferred basis

On a tax-free basis

On a taxable basis - ✔✔On a tax-deferred basis

Tom has a home health care benefit and is confined to his home. Which of

these benefits is NOT typically covered?



Part-time nursing care

Full-time nursing care

Physical therapy

Home health aides - ✔✔Full-time nursing care

A beneficiary has just received a claim payment for a life insurance policy.

Which of the following is TRUE regarding the federal income tax liability

owed?



A flat tax of 10% is owed on all proceeds



Federal income tax is owed if proceeds exceed $250,000

3
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

, No federal income tax is owed on life insurance proceeds



Tax liability owed depends on the type of life insurance policy - ✔✔No

federal income tax is owed on life insurance proceeds

Medicare Supplement coverage permits an open enrollment period on a

guaranteed issue basis upon reaching



age 60



age 62



age 65



age 70 - ✔✔age 65

Group and individual health insurance policies that provide coverage to

women must cover annual mammography screenings for women aged:



30 and older



4
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

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