Ohio Insurance Laws and Regulations Practice Exam

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Prepare for the Ohio Insurance Laws and Regulations Exam. Dive into essential topics with detailed practice questions designed to enhance your knowledge and readiness. Ace your exam and ensure your success in the insurance field!

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All of the following are typically included in a life insurance policy illustration except:

  1. Projected policy cash values

  2. Cost of insurance charges

  3. Premium payment schedules

  4. Names of beneficiaries

The correct answer is: Names of beneficiaries

A life insurance policy illustration typically includes projected policy cash values, cost of insurance charges, and premium payment schedules. The names of beneficiaries are not typically included because they can change over time and are not relevant to the specific coverage and costs of the policy. Including beneficiaries' names in an illustration could also potentially violate their privacy. Therefore, D is not typically included in a life insurance policy illustration.

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