Psi life insurance - Study guides, Class notes & Summaries

California PSI Site - Life, Accident and Health Agent Examination (Life Agent) | Questions & Solutions (100% Correct) California PSI Site - Life, Accident and Health Agent Examination (Life Agent) | Questions & Solutions (100% Correct) 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-...

How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? 2 years What is the return of premium rider? an increasing amount of term insurance that always equals the total of premiums paid up to the current point In a home healthcare benefit, all of the following are eligible expenses EXCEPT blood transfusions All of the following are classifications of risk EXCEPT non-nicotine Which of the following is exempted from the incontestab...

PSI Life Insurance Exam Questions And Answers - Solved 100% 2024

Which policy type is backed by equity investments and allows the policyholder to adjust the death benefit? Correct Answers variable universal life Which annuity settlement option provides a stated monthly amount to the annuitant and upon the annuitant?s death the same or a lesser amount paid for the lifetime of the survivor? Correct Answers Joint and survivorship option In which of the following must a beneficiary change request be filed in writing to the insurer and is made effective by t...

PSI LIFE INSURANCE EXAM LATEST REAL EXAM 100+ QUESTIONS AND CORRECT ANSWERS|AGRADE

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 regarding a pure life annuity payout option is correct? - CORRECT ANSWER-This option...

What Specific new procedures does the USA Patriot Act require of insurance companies - Establish an anti money laundering program All of the following are common exclusions from loss found in disability income policies EXCEPT for that incurred while - Committing a misdemeanor All of the following are characteristics of COBRA EXCEPT - Change in medical privacy procedures Difference between copayment and coinsurance - Copayment is set dollar amount, Coinsurance is set percentage. Consumers rep...