CA LIFE EXAM – PSI QUESTIONS WITH COMPLETE SOLUTIONS (RATED A+)

CA LIFE EXAM – PSI QUESTIONS WITH COMPLETE SOLUTIONS (RATED A+) How are the acts of war and aviation treated under a group life insurance policy? - Answer- Policy exclusion Which of these is not a valid policy dividend option? - Answer- Monthly income payments True statement of policy dividends? - Answer- A dividend option is selected by the insured at the time of the policy purchase The probability of death, listed by year, is demonstrated in - Answer- Mortality tables Which of the following describes the number of deaths in a year compared to the number of people in a select group? - Answer- Mortality rate Which of the following is not a life insurance settlement option? - Answer- Extended term option An annuity which is backed by a life insurer's separate account is called a(n) - Answer- Variable annuity What is a common reason people purchase an annuity? - Answer- To protect against the risk of outliving their financial resources