Psi life accid - Study guides, Class notes & Summaries

PSI Life accident and health practice test

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 beneficiaries. As life expectancy increases, the chances if needing long term care also increase. - Answer which is the major reason why long term care insurance is becoming increasingly important? ...

PSI LIFE ACCIDENT, AND HEALTH ANALYZED QUESTIONS AND ANSWERS Which type of annuity covers two or more annuitants and provides monthly income only until the first annuitant dies? - CORRECT ANSWER -Joint life annuity Which of the following is TRUE of an equity-indexed annuity? - CORRECT ANSWER -It has a guaranteed minimum interest rate Which is the primary purpose of Health Reimbursement Accounts (HRAs)? - CORRECT ANSWER -To assist covered employees with the payment of medical expense...

PSI LIFE ACCIDENT HEALTH EVALUATED EXAM QUESTIONS AND ANSWERS Which is an ACCURATE statement regarding benefits of Medicare supplement and Medicare select plans? 1 The insurer is able to cancel, or deny renewal of an existing policy, based solely on the health of the insured. 2 There is no restriction for benefits after the coverage has been in effect for six months when involving a preexisting condition. 3 The coverage for a loss from an illness or disease is treated different...

PSI LIFE ACCIDENT AND HEALTH ELABORATED QUESTIONS AND ANSWERS 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 - CORRECT ANSWER -2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in the first two y...

PSI life, accident, and health Study Guide Questions and Correct Answers 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 What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in the first two years and have premiums refu...

PSI LIFE ACCIDENT AND HEALTH Practice Exam Questions With Verified Solutions 100% 2024

Psi Life Accident And Health Practice Test Questions And Answers With Verified Solution

CA PSI LIFE, ACCIDENT AND HEALTH/ SICKNESS AGENT EXAMINATION (LIFE AGENT) LATEST ACTUAL EXAM

CA PSI LIFE, ACCIDENT AND HEALTH/ SICKNESS AGENT EXAMINATION (LIFE AGENT) LATEST ACTUAL EXAM