Insurance License Exam - Ohio Health and Life Questions with 100% Correct Answers | Updated & Verified | 2024

immediate annuity - Jessica purchased an annuity with a single $175,000 premium payment, and payments began one month later. Based on these facts, what type of annuity did she purchase? Benefits are typically paid while the contract owner is alive - Compared with life insurance, which of the following statements regarding annuities is most correct? Mortality and interest assumptions - Actuaries calculate net single premiums based on which of the following? term life insurance policy - What is a life insurance policy that offers coverage for a specified, limited period with no cash value building up called? Jan's taxable income will be lower than David's - Jan and David both work for Acme Motors, have $50,000 of taxable income, and are in the 25 percent tax bracket. If Jan contributes to Acme's 401(k) plan this year and David does not, which of the following statements is true? suicide - All of the following are standard permanent exclusions found in life insurance policies EXCEPT:a need for current liquidity - A customer's investment objectives, risk tolerance, and time horizon affect suitability for annuity purchases. Which of th