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Exam (elaborations)

OHIO LIFE AND HEALTH PRACTICE EXAM 2024

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OHIO LIFE AND HEALTH PRACTICE EXAM 2024 Ownership of a life insurance policy may be temporarily transferred with a(n) - correct answer collateral assignment Which of the following statements is CORRECT regarding an individual applying for life or health insurance? - correct answer The applicant's medical history may be analyzed and reported Which type of annuity guarantees a stated number of income payments, whether or not the annuitant is still alive to receive them? - correct answer life annuity certain A type of insurer that is owned by its policyowners is called - correct answer mutual A whole life insurance policy accumulates cash value that becomes - correct answer the policy loan value which the insured may borrow against What happens to interest earned if the annuitant dies before the payout start date? - correct answer it is taxable What dividend option would an insurer invest the policyowner's money and add any interest earnings as the dividends accrue? - correct answer Accumulation at Interest Option Medicare Part A covers - correct answer inpatient hospital stay The election of COBRA for continuation of health coverage will - correct answer maintain the same coverage and increase premium All of these


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