PSI life, accident, and health 2023/2024

PSI life, accident, and
[Date] health 2023/2024

, PSI life, accident, and health



PSI life, accident, and health 2023/2024
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 following is exempted from the incontestability provision in insurance
policies? - Answer- fraudulent misstatements


Which of the following is characteristic of a non-qualified plan? - Answer- plan does
not meet federal guidelines for tax benefits


What does it mean if a health policy is conditionally renewable? - Answer- Insurer
may elect NOT to renew only under conditions specified in the policy.


During which period of a Disability Income Policy is coverage effective but during
which no benefits will be paid under the policy? - Answer- probationary period


What specific new procedures does the USA Patriot Act require of insurance
companies? - Answer- Establish an anti-money laundering program


A consumer report used to determine eligibility for insurance may include all of the
following EXCEPT - Answer- medical underwriting exam.


All of the following are TRUE regarding incomplete applications EXCEPT - Answer-
the incomplete application can be accepted with the missing information added
later.

PSI life, accident, and health