Ohio Insurance Laws and Regulations Practice Exam

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Study for the Ohio Insurance Laws and Regulations Exam. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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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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