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PSI LIFE INSURANCE EXAM LATEST REAL EXAM 100+ QUESTIONS AND CORRECT ANSWERS|AGRADE
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PSI LIFE INSURANCE EXAM LATEST REAL EXAM 100+ QUESTIONS AND CORRECT ANSWERS|AGRADE
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PSI LIFE INSURANCE EXAM LATEST
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2024-2025 REAL EXAM 100+
QUESTIONS AND CORRECT
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ANSWERS|AGRADE
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1 of 83
Term
How might someone cover the extra expenses of child care and home-
related costs?
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purchasing family term
key person insurance
insurance
, adding cost of living coverage purchasing a substitute insured rider
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2 of 83
Term
An insured and the beneficiary are both killed in a fatal accident. Which
provision presumes the insured survived the beneficiary?
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spendthrift clause insuring clause
common disaster clause the producer
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, 3 of 83
Term
Which of the following term insurance types provides temporary
protection that can be changed to some type of permanent protection
without evidence of insurability?
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variable renewable
variable universal life convertible
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4 of 83
Term
Which policy provision permits the policyowner to take a specified
number of days to examine the contract, and allows for cancellation
and a full refund if the policyowner rejects the terms or costs?
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Insuring Clause Binding Receipt
, Disability Income Insurance Free Look
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5 of 83
Term
A group conversion option may be used in all the following instances
EXCEPT
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a routine health check-up that does
a life-changing event, such as
not require any change in insurance
marriage, divorce, or childbirth.
plans.
a decision to switch to a different
a temporary job loss that does not
insurance provider without any
affect health insurance coverage.
changes in personal circumstances.
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6 of 83
Term
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