Life, Accident and Health Insurance State
Exam- OH/ 186 Q&A/ 2024-2025.
which of the following is considered to be an alternative to a life settlement? -
Answer: accelerated death benefit rider
if the annuitant dies before the annuity start date, - Answer: the premiums paid
plus interest earned will be given to the beneficiary
a life insurance policy that has premiums fully paid up within a stated time period
is called - Answer: limited payment insurance
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,shopping for annuity that guarantees he cannot outlive the benefits. which of
these benefit options would he choose - Answer: guaranteed lifetime withdrawal
benefit
what is medicare part b known as - Answer: supplementary medical insurance
field underwriting performed by the producer involves - Answer: completing the
application and collecting initial premium
a life insurance policy which contains cash values that vary according to its
investment performance of stocks is called - Answer: variable whole life
a life insurance policy owner was injured in an automobile accident which results
in total and permanent disability. which rider would pay a monthly amount bc of
this disability? - Answer: disability income rider
pierre is covered by his employers group major medical plan. his employer pays
for 75% of the premium and he pays for 25%. how much would a 10000 benefit be
taxable as income under this plan - Answer: 0
what is not an element of a valid contract - Answer: countersignature
a health insurance policy will typically cover - Answer: preventative health
services
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, which settlement option involves having the proceeds remain with the insurer and
earnings paid on a monthly basis to the beneficiary? - Answer: interest only
all of the following are qualifications for establishing a health savings act (HSA)
except - Answer: enrolled in a health plan with a prescription drug benefit
legal purpose is a term used in contract law meaning - Answer: there must be
legal reasons for entering into the contract
donald is the primary insured of a life insurance policy and adds a children's term
rider. what is the advantage of adding this rider? - Answer: can be converted to a
permanent coverage
The factor used most often when underwriting a disability income policy is -
Answer: annual earnings
the free look period in ohio for individual health insurance policies is __ days -
Answer: 10
which of the following is considered to be the period when the accumulated value
in an annuity is paid out? - Answer: annutization phase
under a disability income policy, which provision would be payable if the cause of
an injury is unexpected and accidental? - Answer: accidental bodily injury
provision
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Exam- OH/ 186 Q&A/ 2024-2025.
which of the following is considered to be an alternative to a life settlement? -
Answer: accelerated death benefit rider
if the annuitant dies before the annuity start date, - Answer: the premiums paid
plus interest earned will be given to the beneficiary
a life insurance policy that has premiums fully paid up within a stated time period
is called - Answer: limited payment insurance
Page 1 of 27
,shopping for annuity that guarantees he cannot outlive the benefits. which of
these benefit options would he choose - Answer: guaranteed lifetime withdrawal
benefit
what is medicare part b known as - Answer: supplementary medical insurance
field underwriting performed by the producer involves - Answer: completing the
application and collecting initial premium
a life insurance policy which contains cash values that vary according to its
investment performance of stocks is called - Answer: variable whole life
a life insurance policy owner was injured in an automobile accident which results
in total and permanent disability. which rider would pay a monthly amount bc of
this disability? - Answer: disability income rider
pierre is covered by his employers group major medical plan. his employer pays
for 75% of the premium and he pays for 25%. how much would a 10000 benefit be
taxable as income under this plan - Answer: 0
what is not an element of a valid contract - Answer: countersignature
a health insurance policy will typically cover - Answer: preventative health
services
Page 2 of 27
, which settlement option involves having the proceeds remain with the insurer and
earnings paid on a monthly basis to the beneficiary? - Answer: interest only
all of the following are qualifications for establishing a health savings act (HSA)
except - Answer: enrolled in a health plan with a prescription drug benefit
legal purpose is a term used in contract law meaning - Answer: there must be
legal reasons for entering into the contract
donald is the primary insured of a life insurance policy and adds a children's term
rider. what is the advantage of adding this rider? - Answer: can be converted to a
permanent coverage
The factor used most often when underwriting a disability income policy is -
Answer: annual earnings
the free look period in ohio for individual health insurance policies is __ days -
Answer: 10
which of the following is considered to be the period when the accumulated value
in an annuity is paid out? - Answer: annutization phase
under a disability income policy, which provision would be payable if the cause of
an injury is unexpected and accidental? - Answer: accidental bodily injury
provision
Page 3 of 27
