Ohio Life and Health Insurance Bundled Exams Questions and Answers (2022/2023) 100% Correct

Life and Health Insurance - Ohio Licensing Exam 100% Pass Absolute Assignment 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 A for...

Ohio Life and Health Practice Exam Latest 2023 Graded A 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 $5,000 Which of these is NOT subject...

Ohio life and Health Insurance Practice Final Already Passed 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? Qualified Long-Term Care plan All _____ policies must be guaranteed renewable. long-term care A...

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 An insurance claim is the insured's notification to the insurer that a payment i...

Life, accident and health insurance state exam- OH Already Passed A person who is a nonsmoker, of average weight and in excellent health would most likely be in which risk classification? preferred Preferred risk policies with reduced premiums are issued by insurance companies bc the insured has b...

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 cancelable Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Wh...

Ohio Health Insurance Exam Questions and Answers 100% Correct Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing additional amounts of coverage at predetermined times without requiring to provide evidence of insurability. What kind of rider is this?...

Insurance License Exam - Ohio Health and Life Latest 2023 Graded A+ 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? immediate annuity Compared with life insurance, which of the fol...