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Exam (elaborations)

Oklahoma Life And Health Insurance Exam With 100% Correct And Verified Answers

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Oklahoma Life And Health Insurance Exam With 100% Correct And Verified Answers

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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

iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol

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