PSI Life, Accident, and Health/PSI Life Insurance Exam Bundle (Graded A)

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 lif...

If the insurer wishes to share an applicant's HIV status, the applicant must be given full notice of all of the following EXCEPT A-The applicant's rights to maintain privacy B-An opportunity to refuse the dissemination of the information C-Insurer's practices with respect to the treatment of...

What kind of retirement plan can a 75-employee for profit corporation establish? - ANSWER-Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the - ANSWER-Exclusion ratio Unfair claims settlement methods and p...

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 All of the following are common exclusions from loss found in disability income policies EXCEPT for that incurred while - ANSWER-commiti...

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...