OHIO HEALTH AND LIFE INSURANCE COMPREHENSIVE
EXAM 2025 QUESTIONS WITH ANSWERS GUARANTEE A+
✔✔Why is relying solely on employer group life insurance generally considered
inadequate for most individual's needs? - ✔✔It is financially insufficient to cover end of
life expenses.
✔✔What type of insurance should a company purchase if it wants to insure the life of its
CEO? - ✔✔key person insurance
✔✔Which of the following is characteristic of a nonqualified plan? - ✔✔plan does not
meet federal guidelines for tax benefits
✔✔All of the following are tax qualified retirement pans EXCEPT: - ✔✔Section 529 plan
✔✔For an individual long-term care policy there is an annual dollar limit for tax
deductions that is based on which of the following? - ✔✔age
✔✔Managed care plans increase efficency by all of the following means EXCEPT -
✔✔transferring the management of costs to the insureds
✔✔The group conversion option is not allowed for: - ✔✔during the annual benefits
enrollment period
✔✔in noncontributory plans, which percentage of eligible members must participate? -
✔✔100%
✔✔All of the following are requirements to qualify for Social Security disability benefits
EXCEPT when - ✔✔unable to work in iccupation in which the worker was trained or
educated
✔✔How long after being entitled to disability benefits will an individual be eligible to
receive Medicare benefits? - ✔✔2 years
✔✔In a home healthcare benefit, the following is NOT an eligible expense: - ✔✔blood
transfusions
✔✔Which of the following amends the Social Security Act to make Medicare secondary
to group health plans? - ✔✔TEFRA
✔✔Compared to basic hospital, medical and surgical policies, which type of insurance
provides broader coverage, fewer gaps, higher individual benefits, and higher policy
maximums? - ✔✔major medical insurance
, ✔✔A basic vision care package includes all of the following EXCEPT - ✔✔safety
glasses
✔✔Which of the following is TRUE of the limited pay whole life policy? - ✔✔Coverage
continues after the policy is paid-up
✔✔States generally define a true "group" for insurance as requiring a minimum of how
many participants? - ✔✔10
✔✔Which of the following lists the three common types of permanent individual life
insurance? - ✔✔Variable Life, Whole Life, Universal Life
✔✔Which insurance plans are commonly offered through the worksite (employer
sponsored) EXCEPT? - ✔✔Medicare
✔✔Which of the following coverage types pays a monthly cash benefit following the
elimination period for total disability due to accident or sickness? - ✔✔disability income
insurance
✔✔Which of the following is TRUE of a point of service plan? - ✔✔A patient's care is
coordinated by an in-network primary care physician
✔✔Which of the following policy types is considered double indemnity? - ✔✔accidental
death
✔✔Which of the following is covered by a dread disease policy? - ✔✔illnesses that do
not occur frequently but incur significant costs when they do occur
✔✔Which problem was universal life insurance designed to address? - ✔✔low interest
rates during periods of high inflation
✔✔This is NOT a characteristic of variable whole life - ✔✔there is no guaranteed
minimum death benefit
✔✔Which of the following is a characteristic of Preferred Provider Organizations
(PPOs)? - ✔✔prearranged costs for services rendered
✔✔Which type of annuity covers two or more annuitants and provides monthly income
only until the first annuitant dies? - ✔✔Joint life annuity
✔✔A group conversion option may NOT be used in this instance: - ✔✔a life-changing
event, such as marriage, divorce, or childbirth.
EXAM 2025 QUESTIONS WITH ANSWERS GUARANTEE A+
✔✔Why is relying solely on employer group life insurance generally considered
inadequate for most individual's needs? - ✔✔It is financially insufficient to cover end of
life expenses.
✔✔What type of insurance should a company purchase if it wants to insure the life of its
CEO? - ✔✔key person insurance
✔✔Which of the following is characteristic of a nonqualified plan? - ✔✔plan does not
meet federal guidelines for tax benefits
✔✔All of the following are tax qualified retirement pans EXCEPT: - ✔✔Section 529 plan
✔✔For an individual long-term care policy there is an annual dollar limit for tax
deductions that is based on which of the following? - ✔✔age
✔✔Managed care plans increase efficency by all of the following means EXCEPT -
✔✔transferring the management of costs to the insureds
✔✔The group conversion option is not allowed for: - ✔✔during the annual benefits
enrollment period
✔✔in noncontributory plans, which percentage of eligible members must participate? -
✔✔100%
✔✔All of the following are requirements to qualify for Social Security disability benefits
EXCEPT when - ✔✔unable to work in iccupation in which the worker was trained or
educated
✔✔How long after being entitled to disability benefits will an individual be eligible to
receive Medicare benefits? - ✔✔2 years
✔✔In a home healthcare benefit, the following is NOT an eligible expense: - ✔✔blood
transfusions
✔✔Which of the following amends the Social Security Act to make Medicare secondary
to group health plans? - ✔✔TEFRA
✔✔Compared to basic hospital, medical and surgical policies, which type of insurance
provides broader coverage, fewer gaps, higher individual benefits, and higher policy
maximums? - ✔✔major medical insurance
, ✔✔A basic vision care package includes all of the following EXCEPT - ✔✔safety
glasses
✔✔Which of the following is TRUE of the limited pay whole life policy? - ✔✔Coverage
continues after the policy is paid-up
✔✔States generally define a true "group" for insurance as requiring a minimum of how
many participants? - ✔✔10
✔✔Which of the following lists the three common types of permanent individual life
insurance? - ✔✔Variable Life, Whole Life, Universal Life
✔✔Which insurance plans are commonly offered through the worksite (employer
sponsored) EXCEPT? - ✔✔Medicare
✔✔Which of the following coverage types pays a monthly cash benefit following the
elimination period for total disability due to accident or sickness? - ✔✔disability income
insurance
✔✔Which of the following is TRUE of a point of service plan? - ✔✔A patient's care is
coordinated by an in-network primary care physician
✔✔Which of the following policy types is considered double indemnity? - ✔✔accidental
death
✔✔Which of the following is covered by a dread disease policy? - ✔✔illnesses that do
not occur frequently but incur significant costs when they do occur
✔✔Which problem was universal life insurance designed to address? - ✔✔low interest
rates during periods of high inflation
✔✔This is NOT a characteristic of variable whole life - ✔✔there is no guaranteed
minimum death benefit
✔✔Which of the following is a characteristic of Preferred Provider Organizations
(PPOs)? - ✔✔prearranged costs for services rendered
✔✔Which type of annuity covers two or more annuitants and provides monthly income
only until the first annuitant dies? - ✔✔Joint life annuity
✔✔A group conversion option may NOT be used in this instance: - ✔✔a life-changing
event, such as marriage, divorce, or childbirth.
