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CA PSI SITE - LIFE, ACCIDENT AND HEALTH AGENT EXAMINATION (LIFE AGENT) 2024 LATEST EXAM 2 VERSIONS 500 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+$18.49
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CA PSI SITE - LIFE, ACCIDENT AND HEALTH AGENT EXAMINATION (LIFE AGENT) 2024 LATEST EXAM 2 VERSIONS 500 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+
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Course
CA PSI SITE - LIFE, ACCIDENT AND HEALTH AGENT
Institution
CA PSI SITE - LIFE, ACCIDENT AND HEALTH AGENT
CA PSI SITE - LIFE, ACCIDENT AND HEALTH
AGENT EXAMINATION (LIFE AGENT) 2024
LATEST EXAM 2 VERSIONS 500 QUESTIONS
AND CORRECT DETAILED ANSWERS WITH
RATIONALES (VERIFIED ANSWERS)
|ALREADY GRADED A+
CA PSI SITE - LIFE, ACCIDENT AND HEALTH
AGENT EXAMINATION (LIFE AGENT) 2024
LATEST EXAM 2 VERSIONS 500 QUESTIONS
AND CORRECT DETAILED ANSWERS WITH
RATIONALES (VERIFIED ANSWERS)
|ALREADY GRADED A+
VERSION A
What is the purpose of Stranger-originated life
insurance (STOLI)?
A. the policy is originated primarily or solely for the
purpose of resale
B. the policy is written so as to avoid proof of
insurable interest
C. it is a method of insuring a person who has been
previously declined.
D. it is a fraudulent policy meant for financial gain of
someone unknown to the insured. - ....ANSWER...the
policy is originated primarily or solely for the
purpose of resale
,Which of the following is defined as the dollar
amount beyond which the insured no longer
participates in payment of medical expenses?
A. Deductible
B. Stop Loss Limit
C. Maximum Benefit
D. Coinsurance - ....ANSWER...Stop Loss Limit
How does the per capita rule apply to proceeds from
a life insurance policy?
A. The proceeds are divided equally among living
primary beneficiaries.
B. The secondary beneficiary receives the proceeds
if the primary beneficiary is no longer living.
C. The proceeds go to the policyholder's estate when
no beneficiary is living.
D. The proceeds go to the descendants of the
primary beneficiaries - ....ANSWER...The proceeds
are divided equally among living primary
beneficiaries.
Which of the following is covered by a dread disease
policy?
,A. mental health and related psychiatric illnesses
B. hospital stays that extend beyond the usual and
customary time frame
C. illnesses that do not occur frequently but incur
significant costs when they do occur
D. a newly acquired illness that is contracted by a
person with a pre-existing condition -
....ANSWER...illnesses that do not occur frequently
but incur significant costs when they do occur
Which insurance plans are commonly offered
through the worksite (employer sponsored) EXCEPT?
A. Medicare
B. Dental Insurance
C. Long Term Care Insurance
D. Supplemental Disability Insurance -
....ANSWER...Medicare
Which type of annuity covers two or more annuitants
and provides monthly income only until the first
annuitant dies?
A. Joint life annuity
B. Life annuity
, C. Survivorship life annuity
D. Temporary annuity - ....ANSWER...Joint life annuity
Which of the following is a characteristic of
Preferred Provider Organizations (PPOs)?
A. prearranged costs for services rendered
B. providers receive a flat monthly amount for each
user
C. ability to receive care at the same cost from any
provider
D. emergency treatment is restricted to pre-selected
hospitals - ....ANSWER...prearranged costs for
services rendered
When a policy or certificate containing an
accelerated benefit provision is applied for or
delivered, the producer is responsible for providing
the applicant a summary of coverage that includes
all of the following EXCEPT
A. a detailed and comprehensive summary of the
accelerated benefit
B. definitions of the conditions or occurrences
triggering payment of the benefit
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