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Ohio Health and life insurance exam 100% Pass
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 - Answer ️️ -cancelable 
Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. 
Which of these statements is true? 
The policy automatically converts to whole life after the 10-year period - Answer ️️ -The face 
amount and premium will remain constant over th...
- Exam (elaborations)
- • 13 pages •
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 - Answer ️️ -cancelable 
Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. 
Which of these statements is true? 
The policy automatically converts to whole life after the 10-year period - Answer ️️ -The face 
amount and premium will remain constant over th...
Ohio Life and Health Practice Exam Latest 2024 Graded A
Ohio Life and Health Practice Exam Latest 2024 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 - 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 - Answer ️️ -Death benefit 
An indemn...
- Exam (elaborations)
- • 25 pages •
Ohio Life and Health Practice Exam Latest 2024 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 - 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 - Answer ️️ -Death benefit 
An indemn...
Life and Health Insurance - Ohio Licensing Exam 100% Pass
Life and Health Insurance - Ohio Licensing Exam 100% Pass 
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 res...
- Exam (elaborations)
- • 27 pages •
Life and Health Insurance - Ohio Licensing Exam 100% Pass 
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 res...
Ohio life and Health Insurance Practice Final Already Passed
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? - Answer ️️ -Qualified Long-Term 
Care plan 
All _____ policies must be guaranteed renewable. - Answer ️️ -long-term care 
An attending physician's statement would be appropriate for which life insurance purpose? - 
Answer ️️ -At the request of the insurer to assist in the underwri...
- Exam (elaborations)
- • 14 pages •
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? - Answer ️️ -Qualified Long-Term 
Care plan 
All _____ policies must be guaranteed renewable. - Answer ️️ -long-term care 
An attending physician's statement would be appropriate for which life insurance purpose? - 
Answer ️️ -At the request of the insurer to assist in the underwri...
Ohio Life and Health Insurance Exam Cram 100% Correct
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 - Answer ️️ -An insurance claim is the insured's notification to the insurer that a 
payment is requested for a covered loss. 
The correct answer is: Claim 
Which of the following is the consideration an insured pays for insurance coverage? 
Select one: 
a. Deductible 
b. P...
- Package deal
- Exam (elaborations)
- • 27 pages •
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 - Answer ️️ -An insurance claim is the insured's notification to the insurer that a 
payment is requested for a covered loss. 
The correct answer is: Claim 
Which of the following is the consideration an insured pays for insurance coverage? 
Select one: 
a. Deductible 
b. P...
Life, accident and health insurance state exam- OH Already Passed
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? - Answer ️️ -preferred 
Preferred risk policies with reduced premiums are issued by insurance companies bc the insured 
has - Answer ️️ -better than average mortality 
The waiver of premium does NOT include which provision? - Answer ️️ -Al future premiums 
are waived if the insured recovers from t...
- Package deal
- Exam (elaborations)
- • 18 pages •
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? - Answer ️️ -preferred 
Preferred risk policies with reduced premiums are issued by insurance companies bc the insured 
has - Answer ️️ -better than average mortality 
The waiver of premium does NOT include which provision? - Answer ️️ -Al future premiums 
are waived if the insured recovers from t...
Ohio Health Insurance Exam Questions and Answers 100% Correct
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? 
A.) Guaranteed insurability rider 
B.) Additional coverage rider 
C.) Paid-up option rider 
D.) Extended insurability rider - Answer ️️ -Guaranteed insurability rider 
All of the following are...
- Package deal
- Exam (elaborations)
- • 13 pages •
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? 
A.) Guaranteed insurability rider 
B.) Additional coverage rider 
C.) Paid-up option rider 
D.) Extended insurability rider - Answer ️️ -Guaranteed insurability rider 
All of the following are...
Insurance License Exam - Ohio Health and Life Latest 2024 Graded A+
Insurance License Exam - Ohio Health and 
Life Latest 2024 Graded A+ 
immediate annuity - Answer ️️ -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? 
Benefits are typically paid while the contract owner is alive - Answer ️️ -Compared with life 
insurance, which of the following statements regarding annuities is most correct? 
Mortality and interest assumptions - Answer ...
- Package deal
- Exam (elaborations)
- • 15 pages •
Insurance License Exam - Ohio Health and 
Life Latest 2024 Graded A+ 
immediate annuity - Answer ️️ -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? 
Benefits are typically paid while the contract owner is alive - Answer ️️ -Compared with life 
insurance, which of the following statements regarding annuities is most correct? 
Mortality and interest assumptions - Answer ...
Ohio life/health insurance study guide latest 2024 rated A+
- Package deal
- Exam (elaborations)
- • 15 pages •
INSY-3303 FINAL EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
the answers are incorrect
Product Owner/ Product Manager(POPM) SAFe Agile Exam Questions and Answers
CT DMV Knowledge Test 100% Correct Solved
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NH Real Estate Exam Questions and Answers 100% Correct Score