Ohio Health and Life Insurance Exam || Most Recent
Exam 2026-2027 Actual Complete Real Exam Questions
And Correct Answers (Expertly Verified Answers)
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Brand New Exam!! Just Released.
Joanne has a $100,000 whole life policy with an accumulated
$25,000 of cash value. She would like to borrow $15,000 against
the cash value. Which of the following statements is TRUE? -
ANSWER-Net death benefit will be reduced if the loan is not
repaid
Which of these is NOT considered a supplemental health
insuring corporation
(HIC) service? - ANSWER-outpatient
medical services
A client told an intentional lie to an insurer to receive a favorable
premium. This
is an example of -
ANSWER-fraud
Which of the following is INELIGIBLE to participate in
section 125 plan? -
,ANSWER-An S- corp owner with greater than
2% share
Where would policy proceeds be paid if both the
insured and primary
beneficiary were killed in the same accident? - ANSWER-
contingent beneficiary
What will the beneficiary receive if an annuitant dies during
the accumulation
period? - ANSWER-The greater of the accumulated cash
value or the total
premium
paid
Shirley has a Medigap policy, which is designed to pay costs
associated with -
ANSWER-Medicare parts A
and B
Major medical insurance will typically cover medical expenses
that result from -
ANSWER-a negative reaction to a prescribed
medication
Sole proprietors are permitted tax deductions for health costs
paid from their
earnings in the amount of - ANSWER-
100% of costs
, Unmarried children who are incapable of self support and have
proof of incapacity are included under their parent's health
coverage until – ANSWER-policy termination
Kristi purchases an annuity that will pay her husband an
income for 15 years. If he dies, this income will become payable
to their children for the remainder of the period. Kristi has what
kind of annuity? - ANSWER-Temporary annuity certain
Which type of coverage pays an amount per day for
hospitalization directly to the insured regardless of the
insured's other health insurance? – ANSWER-Hospital
indemnity
Shawn, Mike, and Dave are brothers who have a $100,000 "first
to die" joint life
policy covering all three of their lives. If Mike dies first, the
policy proceeds -
ANSWER-will no longer provide insurance
protection
A 70- year old insured indiviual has suffered from a kidney
failure for the past 24 months. She is covered by her spouse's
large- group employer plan. How will Medicare be utilized in
this situation? - ANSWER-Will be the secondary insurer and
pay for claims not fully covered by the group plan
Exam 2026-2027 Actual Complete Real Exam Questions
And Correct Answers (Expertly Verified Answers)
Already Graded A+ | Guaranteed Success!!
Brand New Exam!! Just Released.
Joanne has a $100,000 whole life policy with an accumulated
$25,000 of cash value. She would like to borrow $15,000 against
the cash value. Which of the following statements is TRUE? -
ANSWER-Net death benefit will be reduced if the loan is not
repaid
Which of these is NOT considered a supplemental health
insuring corporation
(HIC) service? - ANSWER-outpatient
medical services
A client told an intentional lie to an insurer to receive a favorable
premium. This
is an example of -
ANSWER-fraud
Which of the following is INELIGIBLE to participate in
section 125 plan? -
,ANSWER-An S- corp owner with greater than
2% share
Where would policy proceeds be paid if both the
insured and primary
beneficiary were killed in the same accident? - ANSWER-
contingent beneficiary
What will the beneficiary receive if an annuitant dies during
the accumulation
period? - ANSWER-The greater of the accumulated cash
value or the total
premium
paid
Shirley has a Medigap policy, which is designed to pay costs
associated with -
ANSWER-Medicare parts A
and B
Major medical insurance will typically cover medical expenses
that result from -
ANSWER-a negative reaction to a prescribed
medication
Sole proprietors are permitted tax deductions for health costs
paid from their
earnings in the amount of - ANSWER-
100% of costs
, Unmarried children who are incapable of self support and have
proof of incapacity are included under their parent's health
coverage until – ANSWER-policy termination
Kristi purchases an annuity that will pay her husband an
income for 15 years. If he dies, this income will become payable
to their children for the remainder of the period. Kristi has what
kind of annuity? - ANSWER-Temporary annuity certain
Which type of coverage pays an amount per day for
hospitalization directly to the insured regardless of the
insured's other health insurance? – ANSWER-Hospital
indemnity
Shawn, Mike, and Dave are brothers who have a $100,000 "first
to die" joint life
policy covering all three of their lives. If Mike dies first, the
policy proceeds -
ANSWER-will no longer provide insurance
protection
A 70- year old insured indiviual has suffered from a kidney
failure for the past 24 months. She is covered by her spouse's
large- group employer plan. How will Medicare be utilized in
this situation? - ANSWER-Will be the secondary insurer and
pay for claims not fully covered by the group plan
