100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Mike Russ Life accident and Health CA PSI Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution CA$11.68
Add to cart
Quickly navigate to
Preview
  2.  
  3. PSI
  4.  
  5. PSI
  6.  
  7. PSI

Exam (elaborations)

Mike Russ Life accident and Health CA PSI Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

 0 purchase
  • Course
  • PSI
  • Institution
  • PSI

Mike Russ Life accident and Health CA PSI Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

Preview 2 out of 7  pages

Document information

  • June 23, 2024
  • 7
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mike russ life accident and health ca psi question

Written for

  • PSI
  • PSI
  • PSI
All documents for this subject (1167)

Seller

avatar-seller
DoctorHkane

Reviews received

Content preview

Mike Russ Life accident and Health CA PSI
The Social Security age of retirement is dependent upon: - CORRECT
ANSWER-The individual's date of birth.

Whole Life insurance is permanent insurance provides a _________ death
benefit combining __________ insurance protection and __________ cash
value. - CORRECT ANSWER-Level, Decreasing, Increasing

An agent held one appointment with an insurance company. The appointment
was terminated. What is correct? - CORRECT ANSWER-The license is inactive

What is the term used to apply to a break (rest) given to people caring full-time
for an individual in their home? - CORRECT ANSWER-Respite.

According to the code, all insurers must maintain a department to investigate: -
CORRECT ANSWER-Possible fraudulent claims from insureds.

How much could the HICAP assistance charge? - CORRECT ANSWER-Free of
Charge

Triggers to receive long term care (LTC) benefits include the following except: -
CORRECT ANSWER-Deafness.

Which statement is true regarding Medicare supplement insurance plans? -
CORRECT ANSWER-Insurers may offer policies that contain only the core
benefits.

In life insurance insurable interest must exist: - CORRECT ANSWER-When the
insurance takes effect, but not at the time of death

When determining the amount of premium that must be charged for a life
insurance policy, which will not be taken into consideration? - CORRECT
ANSWER-The number of policyholders expected

, What happens to the license after the death of the natural person who held it? -
CORRECT ANSWER-It always terminates

When a claimant is covered by more than one health plan, the situation is
resolved through: - CORRECT ANSWER-Coordination of benefits.

The beneficiary class designation that means beneficiaries who are surviving will
receive equal amounts of the death benefit is: - CORRECT ANSWER-per capita

A beneficiary that only receives proceeds if there are no living beneficiaries is
called? - CORRECT ANSWER-contingent beneficiary

Which of the following is true regarding STOCK companies? - CORRECT
ANSWER-Stock companies are corporations owned by individuals who
contribute capital to the company through the purchase of shares of stock.

The policy provision which prevents an insurer from voiding a policy for
misstatements after two years is: - CORRECT ANSWER-Incontestability

Which of the following has a vested interest in the proceeds of an insurance
policy? - CORRECT ANSWER-The irrevocable beneficiary

A person who acts in a capacity that requires an active license without having a
valid license is guilty of a: - CORRECT ANSWER-Misdemeanor

Which of the following would have the lowest premium? - CORRECT
ANSWER-Preferred Risk

The Social Security definition of disability is the inability to engage in which of the
- CORRECT ANSWER-Any substantial Gain

Choose the best description of "Universal Life": - CORRECT ANSWER-A policy
which includes flexible premiums, cash value paying a current rate of return and
insurance protection

Which rider gives the insured the option of obtaining additional insurance on their
own life at certain selected dates in the future, at certain policy intervals or at

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller DoctorHkane. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$11.68. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
CA$11.68
  • (0)
Add to cart
Added