I li Study guides, Class notes & Summaries

PSI Life Exam/Answered/Graded A+/Latest 2023/2024 What kind of retirement plan can a 75-employee for profit corporation establish? Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT failure to pay all claims that are reported within 90 days after a loss occurs The settle...

Missouri Life and Health Insurance Final Exam Graded A+ Whose interest is being protected by the enactment of " The Replacement of Life Insurance and Annuities" regulation? policyowner Q applied for life insurance and submitted the initial premium on January 1. The policy was issued February 1, but it was not delivered by the agent until February 7. Q is dissatisfied and returns the policy February 13. How will the insurer handle this situation? policy was returned with the "free look" per...

Passed the exam with an 9! This document contains an extensive summary of all summary lectures and a large part of the literature for the mini lectures. Perfect preparation for the exam and for making the mini lectures!

How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? - Answer- 2 years What is the return of premium rider? - Answer- 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 - Answer- blood transfusions All of the following are classifications of risk EXCEPT - Answer- non-nicotine Which of the...

Cosmetology Hawaii License Test | Questions with 100% Correct Answers | Latest Update 2024 | Verified

A group conversion option may be used in all the following instances EXCEPT - a life-changing event, such as marriage, divorce, or childbirth. Which is the primary purpose of Health Reimbursement Accounts (HRAs)? - To assist covered employees with the payment of medical expenses on a high deductible plan funded through pre-tax contributions. All of the following are characteristics of variable whole life EXCEPT - there is no guaranteed minimum death benefit. When should a buy-sell agree...

What is it called when a life insurance policy pays a multiple of the coverage amount when certain types of accidents occur? - 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? - 30 days Which of the following statements regarding a pure life annuity payout option is correct? - This option provides the highest monthly income. Which o...

any license granted by the liquor commission - ANSWERSlicense the holder of a license, issued by the liquor commission, like a restaurant, hotel or bar - ANSWERSlicensee customers of the licensee - ANSWERSpatrons a boat or ship - ANSWERSvessel A class 1 license is a _______ license - ANSWERSmanufacturers a license to manufacture liquor and sell it at wholesale. The type to sell is to any business who holds a license to resell - ANSWERSmanufacturer license a class 2 license is a...

PSI LIFE INSURANCE EXAM NEWEST EXAM REAL EXAM DETAILED QUESTIONS AND GUARANTEED ANSWERS TOP GRADED A+ BY EXPERTS. How does the per capita rule apply to proceeds from a life insurance policy? - ANSWER- The proceeds are divided equally among living primary beneficiaries. In order to AVOID being classified as an MEC, a policy must pass which of the following? - ANSWER- 7-Pay Test When is a representation false? - ANSWER- when the facts fail to correspond with its assertions or stipul...