Psi life insurance exam - Study guides, Class notes & Summaries

PSI Life Exam/Answered/Graded A+/Latest 2023/2024 What kind of retirement plan can a 75-employee for profit corporation establish? Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT failure to pay all claims that are reported within 90 days after a loss occurs The settle...

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

PSI Life Insurance Practice Exam with Approved Answers | Latest 2023/2024 For an individual long-term care policy there is an annual dollar limit for tax deductions that is based on which of the following? 1. age 2. cost of care 3. policy value 4. premium cost ️ 1 The group conversion option is allowed for all of the following EXCEPT 1. termination of the master policy . 2. loss of group coverage due to termination of employment. 3. upon the loss of eligibility on the part of a clas...

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

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...

PSI Life Insurance Exam Questions with Correct Answer In a level term life policy, which ALWAYS remains constant? - Answer- death benefit Why is the accidental death benefit referred to as double indemnity? - Answer- It provides twice the face value in the policy for death due to accident. Which of the following is TRUE for a flexible premium annuity? - Answer- The purchaser has the option to vary the amount of each premium payment falling between a minimum and maximum amount. Which ...

PSI Life Insurance Exam with complete solutions | Latest 2023/2024 What kind of retirement plan can a 75-employee for profit corporation establish? ️ Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the ️ Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT ️ failure to pay all claims that are reported within 90 days after...

PSI LIFE INSURANCE EXAM LATEST REAL EXAM 100+ QUESTIONS AND CORRECT ANSWERS GRADE A PASS