1|Page
Ohio Health and Life Insurance Exam ||Verified
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Signatures for an insurance application MUST be obtained
by the producer from all of the following sources EXCEPT
The producer
The insured
The policyowner
The beneficiary - Answer-The beneficiary
All of the following are considered appropriate uses of life
insurance for business purposes EXCEPT
Attracting quality employees by offering a group life plan
Funding an entity buy-sell agreement
Protecting the business by covering key employees with
life insurance
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Protecting the business by covering entry level employees
with life insurance - Answer-Protecting the business by
covering entry level employees with life insurance
Elizabeth is the beneficiary of a life insurance policy. She
is receiving the death benefit in payments of $10,000 per
month until the principal and interest has been paid out.
Which option was chosen?
Fixed period
Fixed amount
Life income
Interest only - Answer-Fixed amount
Term insurance is appropriate for someone who
Seeks living benefits for themselves
Seeks a policy that builds cash value
Seeks temporary protection and lower premiums
Seeks permanent protection and higher premiums -
Answer-Seeks temporary protection and lower premiums
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Sole proprietors are permitted tax deductions for health
cost paid from their earnings in the amount of
cost that exceed 7 1/2 % of AGI
cost that exceed 10% of AGI
100% of cost
no deduction permitted - Answer-100 % of cost
If an agent is believed to be causing considerable harm,
the superintendent
may incarcerate the agent
may suspend the agent's license without a hearing
may issue a cease and desist order against the agent
may take away the agent's appointment - Answer-may
issue a cease and desist order against the agent
A medical provider that accepts medicare assignment
must - Answer-accept payment based upon a defined
medicare schedule as payment in full
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Under group health insurance, a certificate of coverage is
issued to the
A) employer
B) employee
C) producer
D) sponsor - Answer-employee
A spouse and child can be added to the primary insured's
coverage as what kind of rider?
Dependent term
Guaranteed insurability
primary term
family term - Answer-Family term
When a decreasing term policy is purchased, it contains a
decreasing death benefit and
increasing premiums
level premiums
Ohio Health and Life Insurance Exam ||Verified
Exam!!|| Most Recent Exam Actual Complete Real
Exam Questions And Correct Answers (Expertly
Verified Answers) Already Graded A+ | Guaranteed
Success!! Brand New Exam!!!
Signatures for an insurance application MUST be obtained
by the producer from all of the following sources EXCEPT
The producer
The insured
The policyowner
The beneficiary - Answer-The beneficiary
All of the following are considered appropriate uses of life
insurance for business purposes EXCEPT
Attracting quality employees by offering a group life plan
Funding an entity buy-sell agreement
Protecting the business by covering key employees with
life insurance
,2|Page
Protecting the business by covering entry level employees
with life insurance - Answer-Protecting the business by
covering entry level employees with life insurance
Elizabeth is the beneficiary of a life insurance policy. She
is receiving the death benefit in payments of $10,000 per
month until the principal and interest has been paid out.
Which option was chosen?
Fixed period
Fixed amount
Life income
Interest only - Answer-Fixed amount
Term insurance is appropriate for someone who
Seeks living benefits for themselves
Seeks a policy that builds cash value
Seeks temporary protection and lower premiums
Seeks permanent protection and higher premiums -
Answer-Seeks temporary protection and lower premiums
,3|Page
Sole proprietors are permitted tax deductions for health
cost paid from their earnings in the amount of
cost that exceed 7 1/2 % of AGI
cost that exceed 10% of AGI
100% of cost
no deduction permitted - Answer-100 % of cost
If an agent is believed to be causing considerable harm,
the superintendent
may incarcerate the agent
may suspend the agent's license without a hearing
may issue a cease and desist order against the agent
may take away the agent's appointment - Answer-may
issue a cease and desist order against the agent
A medical provider that accepts medicare assignment
must - Answer-accept payment based upon a defined
medicare schedule as payment in full
, 4|Page
Under group health insurance, a certificate of coverage is
issued to the
A) employer
B) employee
C) producer
D) sponsor - Answer-employee
A spouse and child can be added to the primary insured's
coverage as what kind of rider?
Dependent term
Guaranteed insurability
primary term
family term - Answer-Family term
When a decreasing term policy is purchased, it contains a
decreasing death benefit and
increasing premiums
level premiums
