Study guides, Class notes & Summaries

PSI - LIFE, ACCIDENT, AND HEALTH –FULL| Questions and Answers, 100% Verified| Latest 2023/2024 PSI - LIFE, ACCIDENT, AND HEALTH – FULL| Questions and Answers, 100% Verified| Latest 2023/2024 What happens under a misstatement of age clause on a disability policy? 1. The policy would be terminated and all premiums would be returned to the policy owner. 2. The policy would be terminated and all premiums would be retained by the insurance company. 3. All amounts payable under t...

PSI Insurance Exam for Life, Accident, and Health Questions and Answers 2024 What is it called when a life insurance policy pays a multiple of the coverage amount when certain types of accidents occur? - CORRECT ANSWER-multiple indemnity Upon the issuance of a conditional receipt for a renewal when the premium is paid AFTER the time granted by the insurer, what is the maximum amount of time for reinstatement of the policy? - CORRECT ANSWER-30 days Which of the following statements reg...

Practice for PSI-life, accident, and health Study Guide Exam with Verified Answers How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? A. immediately B. 1 year C. 2 years D. At age 65 - CORRECT ANSWER-2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in t...

PSI Life, Accident, And Health – Full Exam Cover with Questions and Answers 100% Correct What happens under a misstatement of age clause on a disability policy? 1. The policy would be terminated and all premiums would be returned to the policy owner. 2. The policy would be terminated and all premiums would be retained by the insurance company. 3. All amounts payable under this policy shall be what the premium originally would have purchased and been paid at the correct age. ...

What is it called when a life insurance policy pays a multiple of the coverage amount when certain types of accidents occur? - answer-multiple indemnity Upon the issuance of a conditional receipt for a renewal when the premium is paid AFTER the time granted by the insurer, what is the maximum amount of time for reinstatement of the policy? - answer-30 days Which of the following statements regarding a pure life annuity payout option is correct? - answer-This option provides the highest ...

CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)Exam

Which of the following is TRUE of an equity-indexed annuity? - answer-It has a guaranteed minimum interest rate Compared to basic hospital, medical and surgical policies, which type of insurance provides broader coverage, fewer gaps, higher individual benefits, and higher policy maximums? - answer-major medical insurance Which of the following is TRUE for a flexible premium annuity? - answer-The purchaser has the option to vary the amount of each premium payment falling between a minimu...

PSI Life, Accident, Health Practice Exam Questions & Answers

PSI life, accident, and health questions and answers

Which of the following is TRUE of an equity-indexed annuity? - answer-It has a guaranteed minimum interest rate Compared to basic hospital, medical and surgical policies, which type of insurance provides broader coverage, fewer gaps, higher individual benefits, and higher policy maximums? - answer-major medical insurance Which of the following is TRUE for a flexible premium annuity? - answer-The purchaser has the option to vary the amount of each premium payment falling between a min...

PSI Life, Accident, and Health Practice Exam