Psi life insurance Study guides, Class notes & Summaries

PSI Life Insurance Exam Questions And Answers - Solved 100% 2024

How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? 2 years What is the return of premium rider? an increasing amount of term insurance that always equals the total of premiums paid up to the current point In a home healthcare benefit, all of the following are eligible expenses EXCEPT blood transfusions All of the following are classifications of risk EXCEPT non-nicotine Which of the following is exempted from the incontestab...

Which policy type is backed by equity investments and allows the policyholder to adjust the death benefit? Correct Answers variable universal life Which annuity settlement option provides a stated monthly amount to the annuitant and upon the annuitant?s death the same or a lesser amount paid for the lifetime of the survivor? Correct Answers Joint and survivorship option In which of the following must a beneficiary change request be filed in writing to the insurer and is made effective by t...

PSI Practice Exam - Life Insurance Questions and Answers Rated A+ For an individual long-term care policy there is an annual dollar limit for tax deductions that is based on which of the following? 1. age 2. cost of care 3. policy value 4. premium cost 1 The group conversion option is allowed for all of the following EXCEPT 1. termination of the master policy . 2. loss of group coverage due to termination of employment. 3. upon the loss of eligibility on the part of a class of insureds. ...

CA PSI Site - Life, Accident and Health Agent Examination (Life Agent) with Complete SolutionsCA PSI Site - Life, Accident and Health Agent Examination (Life Agent) with Complete SolutionsAdmitted Insurance Company vs. Non-Admitted Insurance Company - ANSWER-An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) A non-admitted insurance company is not authorized to transa...

What Specific new procedures does the USA Patriot Act require of insurance companies - Establish an anti money laundering program All of the following are common exclusions from loss found in disability income policies EXCEPT for that incurred while - Committing a misdemeanor All of the following are characteristics of COBRA EXCEPT - Change in medical privacy procedures Difference between copayment and coinsurance - Copayment is set dollar amount, Coinsurance is set percentage. Consumers rep...

Medicare benefits eligibility after entitled to disability benefits - 2 years Return of premium rider - An increasing amount of term insurance that always equals the total of premiums paid up to the current point Home healthcare benefit expenses - EXCEPT blood transfusions Classifications of risk - EXCEPT non-nicotine Exemption from incontestability provision - fraudulent misstatements Group conversion option usage - EXCEPT a life-changing event, such as marriage, divorce, or childbirth No...

CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions and Answers, 100% Correct| Latest 2023/2024 CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions and Answers, 100% Correct| Latest 2023/2024 Admitted Insurance Company vs. Non-Admitted Insurance Company An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (...