Ohio Health And Life Insurance Exam With 100% Correct Answers

Loss of income insurance provides {Ans: an individual the means to replace wages}Under a Modified Endowment Contract, what are the likely tax consequences? {Ans: Pre-death destructions will become taxable}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? {Ans: Temporary annuity certain}As classified by the Affordable Care Act (ACA), a Silver Plan offers {Ans: 70% actuarial level of coverage provided}Which of these annuities require premium payments that vary from year to year? {Ans: flexible premium deferred annuity}Where would policy proceeds be paid if both the insured and primary beneficiary were killed in the same accident? {Ans: contingent beneficiary}Which of the following is NOT typically included under "hospital care" for the most health insuring corporation (HIC) plans? {Ans: Private duty nursing}An attending physician's statement would be appropriate for which of the following life insurance purpose? {Ans: At the request of the insurer to assist in the underwriting decision}A spouse and child can be added to the primary insured's coverage as what kind of rider? {Ans: