10/1/24, 6:34 PM PSI LIFE INSURANCE EXAM LATEST 2024-2025 REAL EXAM MOSTLY TESTED QUESTIONS AND CORRECT ANSWERS|…
PSI LIFE INSURANCE EXAM LATEST 2024-2025
REAL EXAM MOSTLY TESTED QUESTIONS AND
CORRECT ANSWERS| GRADE A+
Practice questions for this set
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1 The person who receives the benefit of an annuity is known as the
Which of the following are defined as a part of the policy and can void the policy if
2
they are breached, whether the breach was intentional or unintentional?
3 A basic vision care package includes all of the following EXCEPT
In which of the following types of contracts is only one party legally required to do
something after the insured has completed the act of paying the premium?
, 10/1/24, 6:34 PM PSI LIFE INSURANCE EXAM LATEST 2024-2025 REAL EXAM MOSTLY TESTED QUESTIONS AND CORRECT ANSWERS|…
Terms in this set (228)
What is it called when a life multiple indemnity
insurance policy pays a
multiple of the coverage
amount when certain types
of accidents occur?
Upon the issuance of a 30 days
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?
Which of the following This option provides the highest monthly income.
statements regarding a
pure life annuity payout
option is correct?
Which of the following fraudulent misstatements
does not apply to the time
limit on certain defenses
provision in health
insurance policies?
If an individual is insured The individual's policy pays first, the spouse's policy
by both their own health pays the remaining up to coverage amount.
insurance policy and their
spouse's policy, which
policy pays first in the
event of an illness?
When can the premiums of when the taxpayer's unreimbursed medical expenses
an individually owned exceed 7.5% of adjusted gross income during a taxable
health insurance policy be year
deducted from the
individual's income tax?
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