CA PSI-LIFE, ACCIDENT, AND HEALTH OR SICKNESS PRACTICE EXAM QUESTIONS WITH CORRECT ANSWERS

CA PSI-LIFE, ACCIDENT, AND HEALTH OR SICKNESS PRACTICE EXAM QUESTIONS WITH CORRECT ANSWERS which of the following lists three common types of permanent individuals life insurance ? - Answer- Variable Life, Whole life , Universal Life Which type of annuity covers two or more annuitants and provides monthly income only until the first annuitant dies? - Answer- Joint life annuity which of the following is characteristic of a non qualified plan ? - Answer- plan does not meet federal guidelines for tax benefits what type of insurance should a company purchase if it wants to insure the life of its CEO - Answer- key person insurance All of the following are tax qualified retirement plan except - Answer- section 529 plan A consumer report used to determine eligibility - Answer- medical underwriting exam Which type of receipt makes the insurer liable for the risk from the date of application, regardless of the applicant's insurability? - Answer- Binding