Ohio life - Study guides, Class notes & Summaries

OHIO LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS A life insurance company has transferred some of its risk to another insure. The insurer assuming the risk is called - correct answer all of the following are examples of business continuation plan except - correct answer Deffered Compensation All of these are valid options for an Adjustable Life Policy EXCEPT The policy's premium can be increased or decreased The policy's death benefit can be increased or decreased A no...

ohio life insurance exam Questions and Answers (2024 / 2025) (Verified Answers) Return of Premium Rider (increasing term insurance) - CORRECT ANSWER insured buys an increasing amount of term insurance that always equals the total amount of premiums paid to date Return of Cash Value Rider (increasing term insurance0 - CORRECT ANSWER Pays an amount equal to the cash value along with th

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 ...

OHIO Life Insurance Exam Questions and Correct Answers.OHIO Life Insurance Exam Questions and Correct Answers.

ohio life insurance exam Questions and Answers (2024 / 2025) (Verified Answers) How soon can the benefit payments begin with a deferred annuity? - CORRECT ANSWER a minimum of 12 months after date of purchase which of these is considered to be a living benefit option in a life insurance policy - CORRECT ANSWER Accelerated death benefit An example of naming a beneficiary by class would be "To the children born of my union with Ned Jackson: David Jackson, Jennifer Jackson, and Scot...

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

Study Guide for OHIO Life Insurance Exam 2024 Final Q&A Insurance: - CORRECT ANSWER-A contract in which the insurance company agrees to indemnify the insured party against loss, damage or liability arising from an unknown event. Insurance Transfers: - CORRECT ANSWER-The risk of loss from an individual or business entity to an insurance company, which in turn spreads costs of unexpected losses to many individuals. Direct response marketing: - CORRECT ANSWER-A direct response marketin...

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.

LIFE AND HEALTH INSURANCE - OHIO LICENSING EXAM

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 ...