Ohio life and health Study guides, Class notes & Summaries

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 results from accident. Accidental death insurance is often combined with dismembermen...

1 OHIO LIFE AND HEALTH STATE EXAM REVIEW QUESTIONS AND ANSWERS/ VERIFIED/ Continued coverage under COBRA would be provided to all of the following EXCEPT: - -D) a covered employee is terminated for gross misconduct a life insurance policy-owner is allowed ___ days upon policy delivery to return the policy for a full premium refund. - -10 an insurance agent agrees to pay the first monthly premium for an insurance applicant. This is called - -Rebate a life insurance company has transferr...

1 XCEL OHIO LIFE AND HEALTH EXAM STUDY QUESTIONS AND ANSWERS, 100% ACCURATE, RATED A+ completely and permanently disabled - -A waiver of premium rider allows an insured to waive premium payments if the insured is A paid premium - -Which of the following is an example of the insured's consideration? private duty nursing - -which of the following is NOT typically under "Hospital care" for most health insuring corporation 10 - -A life insurance policyowner is allowed __ days upon polic...

Life and Health Insurance - Ohio Licensing Exam Questions & Answers 2023-24 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 resu...

Ohio Life and Health Practice Exam Questions and Correct Answers 100% 2024 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 ANS...

Ohio Life and Health Final Exam 2024 with 100% Correct Answers

1 EXAM SIMULATOR - OHIO LIFE AND HEALTH STATE EXAM SIMULATOR: REVIEW QUESTIONS AND ANSWERS, RATED A+ Ohio requires that a licensee complete ___ hours of continuing education on the subject of ethics every reporting period. Purchasing a life insurance policy in order to avoid the forced sale of assets upon death is called... Estate funding Capital gains Estate conservation Capital withholding Estate conservation Brainpower Read More Previous Play Next Rewind 10 seconds Move fo...

1 EXAM SIMULATOR - OHIO LIFE AND HEALTH STATE EXAM SIMULATOR: REVIEW QUESTIONS AND ANSWERS, RATED A+ Ohio requires that a licensee complete ___ hours of continuing education on the subject of ethics every reporting period. Purchasing a life insurance policy in order to avoid the forced sale of assets upon death is called... Estate funding Capital gains Estate conservation Capital withholding Estate conservation Brainpower Read More Previous Play Next Rewind 10 seconds Move fo...

Ohio Life and Health Insurance

1 OHIO LIFE AND HEALTH EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ In attending physician statement would be appropriate for which life-insurance purpose - -At the request of the insurer to assist in the underwriting guidelines Which clause defines total disability as being unable to perform the major duties of the insured regular occupation? - -Own occupation clause What is the contract called that is issued to an employer for a group medical insurance plan? - - Master pol...