OHIO HEALTH AND LIFE INSURANCE
PRACTICE SCRIPT 2026 QUESTIONS WITH
ANSWERS GRADED A+
⫸ Nonforfeiture value of an annuity before annuitization Answer: The
total of all premiums paid, plus interest, minus any withdrawals and
surrender charges.
⫸ 1035 Exchange Answer: A tax-free exchange of one life insurance
policy for another or an annuity for another annuity.
⫸ Fixed amount payment option Answer: A life insurance benefit
payment option where the beneficiary receives a set amount of money
per month until the total benefit is exhausted.
⫸ Medicare Advantage Plan Answer: A type of health insurance plan in
the U.S. that provides Medicare benefits through private insurance
companies.
⫸ Health Maintenance Organization (HMO) Answer: A type of
Medicare Advantage Plan that requires members to use a network of
doctors and hospitals.
⫸ Preferred Provider Organization (PPO) Answer: A type of Medicare
Advantage Plan that offers more flexibility in choosing healthcare
providers but at a higher cost.
PRACTICE SCRIPT 2026 QUESTIONS WITH
ANSWERS GRADED A+
⫸ Nonforfeiture value of an annuity before annuitization Answer: The
total of all premiums paid, plus interest, minus any withdrawals and
surrender charges.
⫸ 1035 Exchange Answer: A tax-free exchange of one life insurance
policy for another or an annuity for another annuity.
⫸ Fixed amount payment option Answer: A life insurance benefit
payment option where the beneficiary receives a set amount of money
per month until the total benefit is exhausted.
⫸ Medicare Advantage Plan Answer: A type of health insurance plan in
the U.S. that provides Medicare benefits through private insurance
companies.
⫸ Health Maintenance Organization (HMO) Answer: A type of
Medicare Advantage Plan that requires members to use a network of
doctors and hospitals.
⫸ Preferred Provider Organization (PPO) Answer: A type of Medicare
Advantage Plan that offers more flexibility in choosing healthcare
providers but at a higher cost.
