PSI LIFE,ACCIDENT AND HEALTH INSURANCE BUNDLE PACK 2024 RATED A+.

What kind of retirement plan can a 75-employee for profit corporation establish? - Answer Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the - Answer Exclusion ratio Unfair claims settlement methods a...

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 - Answer 2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total ...

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 ...

If the insurer wishes to share an applicant's HIV status, the applicant must be given full notice of all of the following EXCEPT A-The applicant's rights to maintain privacy B-An opportunity to refuse the dissemination of the information C-Insurer's practices with respect to the treatment of...

which oft he following is a characteristic of preferred provider org (PPO) A: prearranged costs for services rendered B: providers receive a flat montlyh amount for each user C: ability to receive care at the same cost from any provider D: emergency treatment is restricted to pre-select hospital...

During which period of a Disability Income Policy is coverage effective but during which no benefits will be paid under the policy? - Answer Probationary period All of the following are common exclusions from loss found in disability income policies EXCEPT for that incurred while - Answer com...

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 ...

convertible - Answer Which of the following term insurance types provides temporary protection that can be changed to some type of permanent protection without evidence of insurability? Variable Universal Life - Answer Which policy type is backed by equity investments and allows the policyhol...

Admitted 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 autho...

Nonforfeiture Options - Answer cash value, reduced paid-up insurance, extended term insurance Cash Value - Answer the amount of money a whole life policyholder would receive if the policy were surrendered before death or maturity Reduced Paid-Up - Answer The amount of equity (ownership) ...

Which of the following is TRUE of a point of service plan - Answer A patient's care is coordinated by an in-network primary care physician. In a Level term life policy, which always remains constant ? - Answer death benefit which part of an insurance contract contains the promise to pay...

B) recording method - Answer in which of the following must a beneficiary change request be filed in writing to the insurer and is made effective by the insurance company recording the change in it's records A) Designation option B) Recording method C) endorsement method D) succession of benefic...

all of the following are ownership rights EXCEPT: A: changing the beneficiary of the policy B: borrowing funds against cash value C: switching the policy from on insured to another D: assigning all of the rights of the policy to another person - Answer C: switching the policy from on insured t...

Obtaining consumer information reports under false pretenses is prosecutable by which of the following? 1. USA Patriot Act 2. Fair Credit Reporting Act 3. State laws where the applicant resides 4. Securities and Exchange Commission - Answer 2. Fair Credit Reporting Act All of the follo...