OHIO LIFE AND HEALTH CERTIFICATION EXAM
2026 QUESTIONS AND CORRECT SOLUTIONS
GUARANTEED TO PASS
◉ Which of these is NOT subject to income taxation under Modified
Endowment Contract (MEC)
Loan against the cash value
Policy withdrawal
Policy Dividend
Death Benefit. Answer: Death benefit
◉ An indemnity plan
Pays both the insured and health care provider
Provides the insured a specific dollar amount for services
Pays the health care provider directly for services rendered
Is typically issued as a group plan. Answer: provides the insured a
specific dollar amount for services
,◉ Chris is an insured bricklayer who severed his left hand in an
automobile accident. Although his primary duty cannot be
performed, Chris is also a substitute high school teacher. He collects
a full disability income check every month. How does his policy
define total disability?
Recurrent
Any occupation
Own occupation
Presumptive. Answer: Own occupation
◉ A policyowner can receive an immediate payment before the
insured dies by using a(n)
viatical settlement contract
buy-sell arrangement
adhesion agreement
spendthrift plan. Answer: viatical settlement contract
,◉ Signatures for an insurance application MUST be obtained by the
producer from all of the following sources EXCEPT
The producer
The insured
The policyowner
The beneficiary. Answer: The beneficiary
◉ All of the following are considered appropriate uses of life
insurance for business purposes EXCEPT
Attracting quality employees by offering a group life plan
Funding an entity buy-sell agreement
Protecting the business by covering key employees with life
insurance
Protecting the business by covering entry level employees with life
insurance. Answer: Protecting the business by covering entry level
employees with life insurance
◉ Elizabeth is the beneficiary of a life insurance policy. She is
receiving the death benefit in payments of $10,000 per month until
the principal and interest has been paid out. Which option was
chosen?
, Fixed period
Fixed amount
Life income
Interest only. Answer: Fixed amount
◉ Term insurance is appropriate for someone who
Seeks living benefits for themselves
Seeks a policy that builds cash value
Seeks temporary protection and lower premiums
Seeks permanent protection and higher premiums. Answer: Seeks
temporary protection and lower premiums
◉ Sole proprietors are permitted tax deductions for health cost paid
from their earnings in the amount of
cost that exceed 7 1/2 % of AGI
cost that exceed 10% of AGI
100% of cost
no deduction permitted. Answer: 100 % of cost
2026 QUESTIONS AND CORRECT SOLUTIONS
GUARANTEED TO PASS
◉ Which of these is NOT subject to income taxation under Modified
Endowment Contract (MEC)
Loan against the cash value
Policy withdrawal
Policy Dividend
Death Benefit. Answer: Death benefit
◉ An indemnity plan
Pays both the insured and health care provider
Provides the insured a specific dollar amount for services
Pays the health care provider directly for services rendered
Is typically issued as a group plan. Answer: provides the insured a
specific dollar amount for services
,◉ Chris is an insured bricklayer who severed his left hand in an
automobile accident. Although his primary duty cannot be
performed, Chris is also a substitute high school teacher. He collects
a full disability income check every month. How does his policy
define total disability?
Recurrent
Any occupation
Own occupation
Presumptive. Answer: Own occupation
◉ A policyowner can receive an immediate payment before the
insured dies by using a(n)
viatical settlement contract
buy-sell arrangement
adhesion agreement
spendthrift plan. Answer: viatical settlement contract
,◉ Signatures for an insurance application MUST be obtained by the
producer from all of the following sources EXCEPT
The producer
The insured
The policyowner
The beneficiary. Answer: The beneficiary
◉ All of the following are considered appropriate uses of life
insurance for business purposes EXCEPT
Attracting quality employees by offering a group life plan
Funding an entity buy-sell agreement
Protecting the business by covering key employees with life
insurance
Protecting the business by covering entry level employees with life
insurance. Answer: Protecting the business by covering entry level
employees with life insurance
◉ Elizabeth is the beneficiary of a life insurance policy. She is
receiving the death benefit in payments of $10,000 per month until
the principal and interest has been paid out. Which option was
chosen?
, Fixed period
Fixed amount
Life income
Interest only. Answer: Fixed amount
◉ Term insurance is appropriate for someone who
Seeks living benefits for themselves
Seeks a policy that builds cash value
Seeks temporary protection and lower premiums
Seeks permanent protection and higher premiums. Answer: Seeks
temporary protection and lower premiums
◉ Sole proprietors are permitted tax deductions for health cost paid
from their earnings in the amount of
cost that exceed 7 1/2 % of AGI
cost that exceed 10% of AGI
100% of cost
no deduction permitted. Answer: 100 % of cost
