Oklahoma Life And Health Insurance
Exam With 100% Correct And Verified
Answers
Alliofitheifollowingiareiincludediasipartiofiaicontractii
nitheientireicontractiprovisioniEXCEPTithe
riders
application
changesimadeibyitheiproducer
policyi-iCorrectiAnswer-
changesimadeibyitheiproducer
Healthiinsuranceiinvolvesitwoiperils,iaccidentiandi___
_.i-iCorrectiAnswer-sickness
Alliofitheifollowingiridersicaniincreaseitheideathibene
fitiamountiEXCEPT
CostiofiLiving
WaiveriofiPremium
AccidentaliDeathiRider
GuaranteediInsurabilityi-iCorrectiAnswer-
WaiveriofiPremium
Ofitheifollowingidividendioptions,iwhichiofitheseiisita
xable?
iReductioniofipremium
iOneiyeariterm
iPaid-upiadditions
iAccumulationiatiinteresti-iCorrectiAnswer-
Accumulationiatiinterest
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
,Insuranceithatiisidesigneditoipayitheibalanceiofiailoan
iifitheiinsuredidiesibeforeitheiloanihasibeenirepaidiinif
ulliis
ilifeisettlement
iwholeilife
iuniversalilife
icreditilifei-iCorrectiAnswer-creditilife
Aitemporaryiproducer'silicenseiissuedibyitheiInsuran
ceiCommissioneriwithoutiexaminationiisivalidiforiaip
eriodiofinoilongerithan
i90idays
i120idays
i180idays
i270idaysi-iCorrectiAnswer-180idays
Howidoiinterestiearningsiaccumulateiiniaideferredian
nuity?
iOniaitaxicreditibasis
iOniaitax-deferredibasis
iOniaitax-freeibasis
iOniaitaxableibasisi-iCorrectiAnswer-Oniaitax-
deferredibasis
Tomihasiaihomeihealthicareibenefitiandiisiconfineditoi
hisihome.iWhichiofitheseibenefitsiisiNOTitypicallyicov
ered?
i
Part-timeinursingicare
iFull-timeinursingicare
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
,iPhysicalitherapy
iHomeihealthiaidesi-iCorrectiAnswer-Full-
timeinursingicare
Aibeneficiaryihasijustireceivediaiclaimipaymentiforiaili
feiinsuranceipolicy.iWhichiofitheifollowingiisiTRUEire
gardingitheifederaliincomeitaxiliabilityiowed?
i
Aiflatitaxiofi10%iisiowedionialliproceeds
Federaliincomeitaxiisiowediifiproceedsiexceedi$250,0
i
00
Noifederaliincomeitaxiisiowedionilifeiinsuranceiproce
i
eds
Taxiliabilityiowedidependsionitheitypeiofilifeiinsuranc
i
eipolicyi-iCorrectiAnswer-
Noifederaliincomeitaxiisiowedionilifeiinsuranceiproce
eds
MedicareiSupplementicoverageipermitsianiopenienro
llmentiperiodioniaiguaranteediissueibasisiuponireach
ing
i
agei60
i agei62
i agei65
i agei70i-iCorrectiAnswer-agei65
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
, Groupiandiindividualihealthiinsuranceipoliciesithatip
rovideicoverageitoiwomenimusticoveriannualimammo
graphyiscreeningsiforiwomeniaged:
i 30iandiolder
i 35iandiolder
i 40iandiolder
i 50iandiolderi-iCorrectiAnswer-40iandiolder
Jenniferiisirequireditoipayiaispecificisumioutiofipocket
ibeforeianyibenefitsiareipaidiiniaiyear.iHerihealthipoli
cyimostilikelyicontainsia(n)
i
stop-lossiprovision
i deductible
i copayment
i outiofipocketiprovisioni-iCorrectiAnswer-deductible
IniOklahoma,ialliofitheseiareiconsiderediformsiofiind
ucementiEXCEPT
i
i Giftiwhoseivalueiisiunderi$100
i Contractipromisingispecialiprofitsiorifavor
i $250igift
Promisediemploymenti-iCorrectiAnswer-
i
Giftiwhoseivalueiisiunderi$100
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Exam With 100% Correct And Verified
Answers
Alliofitheifollowingiareiincludediasipartiofiaicontractii
nitheientireicontractiprovisioniEXCEPTithe
riders
application
changesimadeibyitheiproducer
policyi-iCorrectiAnswer-
changesimadeibyitheiproducer
Healthiinsuranceiinvolvesitwoiperils,iaccidentiandi___
_.i-iCorrectiAnswer-sickness
Alliofitheifollowingiridersicaniincreaseitheideathibene
fitiamountiEXCEPT
CostiofiLiving
WaiveriofiPremium
AccidentaliDeathiRider
GuaranteediInsurabilityi-iCorrectiAnswer-
WaiveriofiPremium
Ofitheifollowingidividendioptions,iwhichiofitheseiisita
xable?
iReductioniofipremium
iOneiyeariterm
iPaid-upiadditions
iAccumulationiatiinteresti-iCorrectiAnswer-
Accumulationiatiinterest
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
,Insuranceithatiisidesigneditoipayitheibalanceiofiailoan
iifitheiinsuredidiesibeforeitheiloanihasibeenirepaidiinif
ulliis
ilifeisettlement
iwholeilife
iuniversalilife
icreditilifei-iCorrectiAnswer-creditilife
Aitemporaryiproducer'silicenseiissuedibyitheiInsuran
ceiCommissioneriwithoutiexaminationiisivalidiforiaip
eriodiofinoilongerithan
i90idays
i120idays
i180idays
i270idaysi-iCorrectiAnswer-180idays
Howidoiinterestiearningsiaccumulateiiniaideferredian
nuity?
iOniaitaxicreditibasis
iOniaitax-deferredibasis
iOniaitax-freeibasis
iOniaitaxableibasisi-iCorrectiAnswer-Oniaitax-
deferredibasis
Tomihasiaihomeihealthicareibenefitiandiisiconfineditoi
hisihome.iWhichiofitheseibenefitsiisiNOTitypicallyicov
ered?
i
Part-timeinursingicare
iFull-timeinursingicare
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
,iPhysicalitherapy
iHomeihealthiaidesi-iCorrectiAnswer-Full-
timeinursingicare
Aibeneficiaryihasijustireceivediaiclaimipaymentiforiaili
feiinsuranceipolicy.iWhichiofitheifollowingiisiTRUEire
gardingitheifederaliincomeitaxiliabilityiowed?
i
Aiflatitaxiofi10%iisiowedionialliproceeds
Federaliincomeitaxiisiowediifiproceedsiexceedi$250,0
i
00
Noifederaliincomeitaxiisiowedionilifeiinsuranceiproce
i
eds
Taxiliabilityiowedidependsionitheitypeiofilifeiinsuranc
i
eipolicyi-iCorrectiAnswer-
Noifederaliincomeitaxiisiowedionilifeiinsuranceiproce
eds
MedicareiSupplementicoverageipermitsianiopenienro
llmentiperiodioniaiguaranteediissueibasisiuponireach
ing
i
agei60
i agei62
i agei65
i agei70i-iCorrectiAnswer-agei65
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
, Groupiandiindividualihealthiinsuranceipoliciesithatip
rovideicoverageitoiwomenimusticoveriannualimammo
graphyiscreeningsiforiwomeniaged:
i 30iandiolder
i 35iandiolder
i 40iandiolder
i 50iandiolderi-iCorrectiAnswer-40iandiolder
Jenniferiisirequireditoipayiaispecificisumioutiofipocket
ibeforeianyibenefitsiareipaidiiniaiyear.iHerihealthipoli
cyimostilikelyicontainsia(n)
i
stop-lossiprovision
i deductible
i copayment
i outiofipocketiprovisioni-iCorrectiAnswer-deductible
IniOklahoma,ialliofitheseiareiconsiderediformsiofiind
ucementiEXCEPT
i
i Giftiwhoseivalueiisiunderi$100
i Contractipromisingispecialiprofitsiorifavor
i $250igift
Promisediemploymenti-iCorrectiAnswer-
i
Giftiwhoseivalueiisiunderi$100
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol