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Exam Code: Ok-Life-Accident-and-Health-or-Sickness-Producer
Exam Name: Oklahoma Life, Accident, and Health or Sickness Producer Exam
Updated: Sep 04, 2025
Q & A: 157 Questions and Answers
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1. Which of the following is a potential DISADVANTAGE of a fixed annuity?
A) The insured invests payments in variable securities, and the return fluctuates with an uncertain economic market.
B) Annuitants could experience a decrease in the purchasing power of their payments over a period of years due to inflation.
C) Payments continue only for a maximum of 2 years after the annuitant's death.
D) There is no guaranteed specific benefit amount to the annuitant.
2. What is the focus of major medical insurance?
A) Providing coverage for hospitalization expenses.
B) Providing care to the needy.
C) Providing preventative care.
D) Reducing costs by using in-network facilities.
3. Jim purchased a $200,000 level term-to-age-65 life insurance policy when he was 35 years old. If Jim dies at age 50, what death benefit would be paid by this policy?
A) $100,000
B) $200,000
C) $50,000
D) $150,000
4. Determining the appropriate coverage for an individual seeking long-term care insurance is
A) accountability.
B) coinsurance.
C) contestability.
D) suitability.
5. Which rider would allow additional insurance to be purchased at specified dates or events, without additional underwriting?
A) Disability income
B) Guaranteed renewability
C) Cost of living
D) Guaranteed insurability
Solutions:
Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |
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