Ohio Life and Health Practice Exam| Complete Questions & Answers CORRECT!!

Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary? - ANSWER Life income Someone needing custodial care at home would require which type of coverage? - ANSWER Long term care coverage Which of these is not considered a supplemental health insuring corporation (HIC) service? - ANSWER Outpatient medical services An employer may qualify for health care tax credits through SHOP Marketplace if that employer has fewer than how many employees? - ANSWER 25 Justin is receiving disability income benefits from a group policy paid for by his employer. How are these benefits treated for tax purposes? - ANSWER Taxable income The typical long-term care insurance policy is designed to provide a minimum of __ year(s) of coverage. - ANSWER 1 Which situation would qualify an individual for receiving benefits from a qualified long-term care policy? - ANSWER Becoming cognitively impaired (mentally ill) Which of the following would be considered a possible applicant and contract policyholder for group health benefits? - ANSWER Employer The focus of major medical insurance is providing coverage for - ANSWER Medical and hospitalization expenses