Psi life insu - Study guides, Class notes & Summaries

PSI LIFE INSURANCE EXAM LATEST REAL EXAM QUESTIONS AND WELL ELABORATED ANSWERS LATEST UPDATE | ALREADY A GRADED NEW!!!

PSI Life Insurance Practice Exam with Approved Answers | Latest 2023/2024 For an individual long-term care policy there is an annual dollar limit for tax deductions that is based on which of the following? 1. age 2. cost of care 3. policy value 4. premium cost ️ 1 The group conversion option is allowed for all of the following EXCEPT 1. termination of the master policy . 2. loss of group coverage due to termination of employment. 3. upon the loss of eligibility on the part of a clas...

PSI Life Insurance Exam Questions with Correct Answer In a level term life policy, which ALWAYS remains constant? - Answer- death benefit Why is the accidental death benefit referred to as double indemnity? - Answer- It provides twice the face value in the policy for death due to accident. Which of the following is TRUE for a flexible premium annuity? - Answer- The purchaser has the option to vary the amount of each premium payment falling between a minimum and maximum amount. Which ...

PSI Life Insurance Exam with complete solutions | 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...

Life insurance psi Exam PSI LIFE INSURANCE EXAM LATEST REAL EXAM 100+ QUESTIONS AND CORRECT ANSWERS|AGRADE convertible - CORRECT 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 - CORRECT ANSWERWhich policy type is backed by equity investments and allows the policyholder to adjust the death benefit? Continuous Premium - CORRECT ANSWERWhi...

PSI Life Insurance Test (solved) Questions and Answers latest update 2024

Which policy type is backed by equity investments and allows the policyholder to adjust the death benefit? - Answer- 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? - Answer- 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 the insurance...