PSI Online Practice Life Exam Questions and Answers (Graded A) 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 this information D-The treatment procedures that are covered by the policy. - ANSWER-D All of the following are common exclusions from loss f...

PSI EXAM Questions and Answers 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-commiting a misdemeanor What is the primary advantage for obtaining a reinstatement of a policy rather than obtaining a new one? - ANSWER-insured original issue age is used How do...

PSI Life Insurance Test (solved) 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 lifetime of the survivor? - ANSWER-Joint and survivorship option In which of the following must a beneficiary change request be filed in writing to the insurer and is made e...

PSI Online Practice Life Exam Questions and Answers (Graded A) 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 this information D-The treatment procedures that are covered by the policy. - ANSWER-D All of the following are common exclusions from loss ...

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 practices by an insurance company include all of the following acts EXCEPT - ANSWER-failure to pay all claims that are reported within 90 days after a loss occurs The settlement option that allows p...

PSI; LIFE, ACCIDENT, AND HEALTH PRACTICE EXAM 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? - answerBenefits 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...

PSI Life Exam Questions and Answers 2023 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 practices by an insurance company include all of the following acts EXCEPT - ANSWER-failure to pay all claims that are reported within 90 days after a loss...

PSI Life, Accident, and Health Practice Exam with complete solutions A group conversion option may be used in all the following instances EXCEPT - ANSWER-a life-changing event, such as marriage, divorce, or childbirth. Which is the primary purpose of Health Reimbursement Accounts (HRAs)? - ANSWER- To assist covered employees with the payment of medical expenses on a high deductible plan funded through pre-tax contributions. All of the following are characteristics of variable whole li...

PSI Online Practice Life Exam Questions and Answers (Graded A) 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 this information D-The treatment procedures that are covered by the policy. - ANSWER-D All of the following are common exclus...