OHIO LIFE INSURANCE CORE EXAM 2026 QUESTIONS AND
SOLUTIONS RATED A+
✔✔Which of these factors would an insurer consider when determining whether to
accept a group life plan - ✔✔Average age
✔✔when screening an applicant for HIV, the insurer - ✔✔may require a blood test for
HIV
✔✔Which of the following is considered to be an event of condition that increases the
probability of an insured loss - ✔✔hazard
✔✔James is the insured on a life insurance policy where his age was misstated on the
application. Which of the following is CORRECT regarding the death benefit amount?
The original face amount will be paid to the beneficiary
The policy will be voided with no death benefits paid
The death benefit paid will be what the premium would have purchased at the correct
age
The amount of premiums paid will be returned with interest - ✔✔The death benefit paid
will be what the premium would have purchased at the correct age
✔✔The automatic premium loan provision authorizes an insurer to withdraw from a
policy's cash value the amount of - ✔✔past due premiums that have not been paid by
the end of the grace period
✔✔all of the following are examples of pure risk except
losing money at a casino
injured while playing football
falling at a casino and breaking a hip
jewelry stolen during a home robbery - ✔✔losing money at a casino
✔✔Which type of annuity stops all payments upon the death of the annuitant?
Life annuity
Period certain annuity
Cash refund annuity
Joint and survivor annuity - ✔✔Life annuity
, ✔✔Carole is a licensed agent who lives in Michigan and transacts insurance in Ohio. In
Ohio, carole is considered to be a(n) - ✔✔nonresident agent
✔✔Statements made by an insurance applicant on an application are considered to be -
✔✔representations
✔✔in an insurance contract, the applicant's "consideration" is the - ✔✔statements made
in the application and the premium
✔✔Which annuity payout option allows the policyowner to choose a pre-determined
number of benefit payments? - ✔✔period certain
✔✔What is a corridor in relation to a Universal Life insurance policy? - ✔✔The gap
between the total death benefit and the policy's cash value
✔✔Which of these annuities require premium payments that vary from year to year? -
✔✔Flexible premium deffered annuity
✔✔A non-admitted insurer - ✔✔is not afforded protection by the guaranty fund
✔✔Who is required to notify the agent in the event of appointment termination -
✔✔insurer
✔✔Under a life insurance policy, what does the insuring clause state? - ✔✔the insurer's
obligation to pay a death benefit upon an approved death claim
✔✔If the annuitant dies before the annuity start date, - ✔✔the premiums paid plus
interest earned will be given to the beneficiary
✔✔Which type of annuity guarantees a stated number of income payments, whether or
not the annuitant is still alive to receive them? - ✔✔life annuity certain
✔✔Andy the annuitant dies before the annuity start date. Which of the following is a
TRUE statement? - ✔✔premiums paid plus interest earned is returned to the beneficiary
✔✔A life insurance applicant in ohio may backdate the application for up to __ months -
✔✔3
✔✔Which situation accurately describes a reduced paid-up nonforfeiture option -
✔✔policy has a decreased face amount
✔✔a life insurance policy that is subject to a contract interest rate is referred to as -
✔✔universal life
SOLUTIONS RATED A+
✔✔Which of these factors would an insurer consider when determining whether to
accept a group life plan - ✔✔Average age
✔✔when screening an applicant for HIV, the insurer - ✔✔may require a blood test for
HIV
✔✔Which of the following is considered to be an event of condition that increases the
probability of an insured loss - ✔✔hazard
✔✔James is the insured on a life insurance policy where his age was misstated on the
application. Which of the following is CORRECT regarding the death benefit amount?
The original face amount will be paid to the beneficiary
The policy will be voided with no death benefits paid
The death benefit paid will be what the premium would have purchased at the correct
age
The amount of premiums paid will be returned with interest - ✔✔The death benefit paid
will be what the premium would have purchased at the correct age
✔✔The automatic premium loan provision authorizes an insurer to withdraw from a
policy's cash value the amount of - ✔✔past due premiums that have not been paid by
the end of the grace period
✔✔all of the following are examples of pure risk except
losing money at a casino
injured while playing football
falling at a casino and breaking a hip
jewelry stolen during a home robbery - ✔✔losing money at a casino
✔✔Which type of annuity stops all payments upon the death of the annuitant?
Life annuity
Period certain annuity
Cash refund annuity
Joint and survivor annuity - ✔✔Life annuity
, ✔✔Carole is a licensed agent who lives in Michigan and transacts insurance in Ohio. In
Ohio, carole is considered to be a(n) - ✔✔nonresident agent
✔✔Statements made by an insurance applicant on an application are considered to be -
✔✔representations
✔✔in an insurance contract, the applicant's "consideration" is the - ✔✔statements made
in the application and the premium
✔✔Which annuity payout option allows the policyowner to choose a pre-determined
number of benefit payments? - ✔✔period certain
✔✔What is a corridor in relation to a Universal Life insurance policy? - ✔✔The gap
between the total death benefit and the policy's cash value
✔✔Which of these annuities require premium payments that vary from year to year? -
✔✔Flexible premium deffered annuity
✔✔A non-admitted insurer - ✔✔is not afforded protection by the guaranty fund
✔✔Who is required to notify the agent in the event of appointment termination -
✔✔insurer
✔✔Under a life insurance policy, what does the insuring clause state? - ✔✔the insurer's
obligation to pay a death benefit upon an approved death claim
✔✔If the annuitant dies before the annuity start date, - ✔✔the premiums paid plus
interest earned will be given to the beneficiary
✔✔Which type of annuity guarantees a stated number of income payments, whether or
not the annuitant is still alive to receive them? - ✔✔life annuity certain
✔✔Andy the annuitant dies before the annuity start date. Which of the following is a
TRUE statement? - ✔✔premiums paid plus interest earned is returned to the beneficiary
✔✔A life insurance applicant in ohio may backdate the application for up to __ months -
✔✔3
✔✔Which situation accurately describes a reduced paid-up nonforfeiture option -
✔✔policy has a decreased face amount
✔✔a life insurance policy that is subject to a contract interest rate is referred to as -
✔✔universal life
