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Exam (elaborations)

OHIO LIFE INSURANCE LICENSE PRACTICE EXAM MISSED QUESTIONS AND ANSWERS 2026 | RATED A+ | NEW AND REVISED
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19

January 2026

2025/2026

A+
OHIO LIFE INSURANCE LICENSE PRACTICE EXAM MISSED QUESTIONS AND ANSWERS 2026 | RATED A+ | NEW AND REVISED
impressivetutor
$24.99 More Info

Exam (elaborations)

Ohio Life Insurance License practice exam
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13

December 2023

2023/2024

A+
What part of the Internal Revenue Code allows an owner of a life insurance policy or annuity to exchange or replace their current contract with another contract without creating adverse tax consequences? a)Section 1035 Policy Exchange b)Modified Endowment Exchange c)401(k) Plan) d)Section 457 Deferred Compensation Plan Correct Answers a) Section 1035 Policy Exchange If an immediate annuity is purchased with the face amount at death or with the cash value at surrender, this would be con...
Styne
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