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

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