PSI life, accident, and health Study guides, Class notes & Summaries

CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)Exam

Which of the following is TRUE of an equity-indexed annuity? - answer-It has a guaranteed minimum interest rate Compared to basic hospital, medical and surgical policies, which type of insurance provides broader coverage, fewer gaps, higher individual benefits, and higher policy maximums? - answer-major medical insurance 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 minimu...

PSI Life, Accident, Health Practice Exam Questions & Answers

PSI life, accident, and health questions and answers

Which of the following is TRUE of an equity-indexed annuity? - answer-It has a guaranteed minimum interest rate Compared to basic hospital, medical and surgical policies, which type of insurance provides broader coverage, fewer gaps, higher individual benefits, and higher policy maximums? - answer-major medical insurance 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 min...

PSI Life, Accident, and Health Practice Exam

PSI Life, Accident, Health Practice Exam Questions & 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 - 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 years and have premiums refunded C. an increasing amount of term insurance that...

PSI - LIFE, ACCIDENT, AND HEALTH – FULL QUESTIONS & ANSWERS

Under the misstatement of age or gender provision, what happens if it is determined at death that the insured's age or gender was misstated on a life insurance policy application? - answer-Benefits are adjusted to an amount that the premium would have purchased at the correct age or gender. Which of the following must be given to the insurer within 20 days after occurrence or commencement of any loss covered by the policy, or as thereafter as is reasonably possible? - answer-Notice of cl...