PSI Life Insurance Practice Exam- Solved 100% Michigan Life and Health Final Exam Graded A+ Michigan Life and Health Final Exam Graded A+ Michigan Life and Health Final Exam Graded A+ PSI Life Health Questions Answered- Ohio with Complete Solutions PSI Insurance Exam Latest Updated Graded A+ PSI Li...
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Which is an ACCURATE statement regarding benefits of Medicare supplement and Medicare select plans? 1 The insurer is able to cancel, or deny renewal of an existing policy, based solely on the health of the insured. 2 There is no restriction for benefits after the coverage has been in effect fo...
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Add to cartWhich is an ACCURATE statement regarding benefits of Medicare supplement and Medicare select plans? 1 The insurer is able to cancel, or deny renewal of an existing policy, based solely on the health of the insured. 2 There is no restriction for benefits after the coverage has been in effect fo...
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 amo...
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Add to cartWhat 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 amo...
which of the following is true of an equity-indexed annuity - ANSWER-it has a guaranteed minimum interest rate what is the primary purpose of Health reimbursement accounts (HRAs) - ANSWER-to assist covered employees with payment of medical expenses on a high deductible plan funded through pre-tax...
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Add to cartwhich of the following is true of an equity-indexed annuity - ANSWER-it has a guaranteed minimum interest rate what is the primary purpose of Health reimbursement accounts (HRAs) - ANSWER-to assist covered employees with payment of medical expenses on a high deductible plan funded through pre-tax...
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Under a traditional IRA, interest is taxed: Only if withdrawn prior to age 59 1/2 According to the capital gains rate Upon distribution During the accumulation phase - ANSWER-Upon distribution Which of these statements concerning Traditional IRAs is CORRECT? Earnings are not taxa...
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Add to cartUnder a traditional IRA, interest is taxed: Only if withdrawn prior to age 59 1/2 According to the capital gains rate Upon distribution During the accumulation phase - ANSWER-Upon distribution Which of these statements concerning Traditional IRAs is CORRECT? Earnings are not taxa...
What amount will be paid under a policy where the insured misstated his/her age? - ANSWER-an amount the premium would have purchased at the correct age the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days - ANSWER-30 day...
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Add to cartWhat amount will be paid under a policy where the insured misstated his/her age? - ANSWER-an amount the premium would have purchased at the correct age the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days - ANSWER-30 day...
What amount will be paid under a policy where the insured misstated his/her age? - ANSWER-an amount the premium would have purchased at the correct age the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days - ANSWER-30 day...
Preview 3 out of 18 pages
Add to cartWhat amount will be paid under a policy where the insured misstated his/her age? - ANSWER-an amount the premium would have purchased at the correct age the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days - ANSWER-30 day...
1 - ANSWER-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 4 - ANSWER-The group conversion option is allowed for all of the following EXCEPT 1. terminat...
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Add to cart1 - ANSWER-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 4 - ANSWER-The group conversion option is allowed for all of the following EXCEPT 1. terminat...
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