OHANANCIETA

A life insurance company has transferred some of its risk to another insure. The insurer assuming the risk is called - ANSWER all of the following are examples of business continuation plan except - ANSWER Deffered Compensation All of these are valid options for an Adjustable Life Policy EXCEPT The policy's premium can be increased or decreased The policy's death benefit can be increased or decreased A nonforfeiture option can be used to increase the death benefit The policy's ...

A life insurance company has transferred some of its risk to another insure. The insurer assuming the risk is called - ANSWER all of the following are examples of business continuation plan except - ANSWER Deffered Compensation All of these are valid options for an Adjustable Life Policy EXCEPT The policy's premium can be increased or decreased The policy's death benefit can be increased or decreased A nonforfeiture option can be used to increase the death benefit The policy's ...

To qualify for appointment of agent - ANSWER 18 YOA, US citizenship not required, no minimum residency Original certificate good for.... - ANSWER 180 days Renewal for license - ANSWER beinnially on birth month, $5 fee Types of risk - ANSWER Pure risk - covered by insurance Speculative risk - not covered (gambling) How to handle risk - ANSWER avoid it retain it - self insurance reduce it share it transfer it - buy insurance, spreads risk to large group Mortality Rate - ANSWER...

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

Ohio health and license insurance Exam | 200 Questions verified 100%(GRADED A+) 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 adjus...

Which of these annuities require premium payments that vary from year to year? - ANSWER Flexible Premium Deferred Annuity A limited payment whole life policy provides lifetime protection - ANSWER lifetime protection Which of the following does Coordination of Benefits allow? - ANSWER Which of the following does Coordination of Benefits allow? Allows the secondary payor to reduce their benefit payments so no more than 100% of the claim in paid Which approach predicts a person's earning ...

Which of these annuities require premium payments that vary from year to year? - ANSWER Flexible Premium Deferred Annuity A limited payment whole life policy provides lifetime protection - ANSWER lifetime protection Which of the following does Coordination of Benefits allow? - ANSWER Which of the following does Coordination of Benefits allow? Allows the secondary payor to reduce their benefit payments so no more than 100% of the claim in paid Which approach predicts a person's earning ...

Which of these annuities require premium payments that vary from year to year? - ANSWER Flexible Premium Deferred Annuity A limited payment whole life policy provides lifetime protection - ANSWER lifetime protection Which of the following does Coordination of Benefits allow? - ANSWER Which of the following does Coordination of Benefits allow? Allows the secondary payor to reduce their benefit payments so no more than 100% of the claim in paid Which approach predicts a person's earning ...

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? -...