Life insurance psi Study guides, Class notes & Summaries

What is it called when a life insurance policy pays a multiple of the coverage amount when certain types of accidents occur? - CORRECT ANSWER-multiple indemnity Upon the issuance of a conditional receipt for a renewal when the premium is paid AFTER the time granted by the insurer, what is the maximum amount of time for reinstatement of the policy? - CORRECT ANSWER-30 days Which of the following statements regarding a pure life annuity payout option is correct? - CORRECT ANSWER-This option...

Life insurance psi Exam PSI LIFE INSURANCE EXAM LATEST REAL EXAM 100+ QUESTIONS AND CORRECT ANSWERS|AGRADE convertible - CORRECT ANSWER-Which of the following term insurance types provides temporary protection that can be changed to some type of permanent protection without evidence of insurability? Variable Universal Life - CORRECT ANSWERWhich policy type is backed by equity investments and allows the policyholder to adjust the death benefit? Continuous Premium - CORRECT ANSWERWhi...

Life insurance psi Exam PSI LIFE INSURANCE EXAM LATEST REAL EXAM 100+ QUESTIONS AND CORRECT ANSWERS|AGRADE convertible - CORRECT ANSWER-Which of the following term insurance types provides temporary protection that can be changed to some type of permanent protection without evidence of insurability? Variable Universal Life - CORRECT ANSWERWhich policy type is backed by equity investments and allows the policyholder to adjust the death benefit? Continuous Premium - CORRECT ANSWERWhi...

Life insurance psi Exam PSI LIFE INSURANCE EXAM LATEST REAL EXAM 100+ QUESTIONS AND CORRECT ANSWERS|AGRADE convertible - CORRECT ANSWER-Which of the following term insurance types provides temporary protection that can be changed to some type of permanent protection without evidence of insurability? Variable Universal Life - CORRECT ANSWER-Which policy type is backed by equity investments and allows the policyholder to adjust the death benefit? Continuous Premium - CORRECT ANSWER-Which whole...

What is it called when a life insurance policy pays a multiple of the coverage amount when certain types of accidents occur? - multiple indemnity Upon the issuance of a conditional receipt for a renewal when the premium is paid AFTER the time granted by the insurer, what is the maximum amount of time for reinstatement of the policy? - 30 days Which of the following statements regarding a pure life annuity payout option is correct? - This option provides the highest monthly income. Which o...

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California Life PSI Site - Life, Accident and Health Agent Examination (Life Agent) Questions and Answers (2022/2023) (Verified Answers) Admitted Insurance Company vs. Non-Admitted Insurance Company - (Correct Answer) An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) A non-admitted insurance company is not authorized to transact insurance in California because of fa...

PSI - LIFE, ACCIDENT, AND HEALTH –FULL| Questions and Answers, 100% Verified| Latest 2023/2024 PSI - LIFE, ACCIDENT, AND HEALTH – FULL| Questions and Answers, 100% Verified| Latest 2023/2024 What happens under a misstatement of age clause on a disability policy? 1. The policy would be terminated and all premiums would be returned to the policy owner. 2. The policy would be terminated and all premiums would be retained by the insurance company. 3. All amounts payable under t...

Life insurance psi Exam PSI LIFE INSURANCE EXAM LATEST REAL EXAM 100+ QUESTIONS AND CORRECT ANSWERS|AGRADE convertible - CORRECT ANSWER-Which of the following term insurance types provides temporary protection that can be changed to some type of permanent protection without evidence of insurability? Variable Universal Life - CORRECT ANSWERWhich policy type is backed by equity investments and allows the policyholder to adjust the death benefit? Continuous Premium - CORRECT ANSWERWhi...