Ohio Health and life insurance Study guides, Class notes & Summaries

QUESTIONS AND ANSWERS

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 assumptio...

The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - ANSWER cancelable Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - ANSWER The face amount and premium will remain constant over the 10 year period Which of the following provides Medicare su...

The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - ️️cancelable Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - ️️The face amount and premium will remain constant over the 10 year period Which of the following provides Medicare supp...

The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - ANSWER cancelable Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - ANSWER The face amount and premium will remain constant over the 10 year period Which of the following provides Medicare su...

Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - ANSWER The face amount and premium will remain constant over the 10 year period

The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - ANSWER cancelable Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - ANSWER The face amount and premium will remain constant over the 10 year period Which of the following provides Medicare su...

The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - ANSWER cancelable Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - ANSWER The face amount and premium will remain constant over the 10 year period Which of the following provides Medicare su...

The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - ANSWER cancelable Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - ANSWER The face amount and premium will remain constant over the 10 year period Which of the following provides Medicare ...

Which of these will typically authorize treatment from a specialist? - ANSWER Gatekeeper A life insurance policyowner is allowed ___ days upon policy deli every to return the policy for a full premium refund - ANSWER 10 All of the following are examples of a business continuation plan EXCEPT - ANSWER Deferred compensation The IRS states that a taxpayer's medical expenses that exceed 7.5% of their adjusted gross income tax deductible. Which of the following may be considered a medical e...