Page |1 h h
PSI LIFE, ACCIDENT, AND HEALTH EXAM 2025|B
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RAND NEW ACTUAL EXAM WITH 100% VERIFIED h h h h h h
QUESTIONS AND CORRECT SOLUTIONS| GUAR
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ANTEED VALUE PACK| ACE YOUR GRADES. h h h h h
How long after being entitled to disability benefits will an individual beel
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igible to receive Medicare benefits?
h h h h
A. immediately
B. 1 year h
C. 2 years h
D. At age 65 - correct answer - 2 years
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What is the return of premium rider?
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A. an increasing amount of term insurance that always equals the total ofpr
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emiums paid up to the current point
h h h h h h
B. a provision that allows the insured to cancel the policy in the first twoye
h h h h h h h h h h h h h h
ars and have premiums refunded
h h h h
C. an increasing amount of term insurance that equals the cash value ofth
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e policy at any point in time
h h h h h h
D. a provision that states the insurer must return any premiums paid duringth
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e free-look period - correct answer -
h h h h h h
an increasing amount of term insurance that always equals the total of premi
h h h h h h h h h h h h h
ums paid up to the current point
h h h h h h
, Page |2 h h
In a home healthcare benefit, all of the following are eligible expensesE
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XCEPT
A. intermittent part-time nursing care; h h h
B. physical, occupational, or speech therapy;
h h h h
C. blood transfusions h
D. medical social services; - correct answer - blood transfusions
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All of the following are classifications of risk EXCEPT
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A. substandard
B. preferred
C. declined
D. non-nicotine - correct answer - non-nicotine h h h h h
Which of the following is exempted from the incontestability provision inin
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surance policies? h
A. fraudulent misstatements h
B. pre-existing conditions h
C. change in health h h
D. changes in the insurance code - correct answer -
h h h h h h h h
fraudulentmisstatements
h h
A group conversion option may be used in all the following instancesE
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XCEPT
, Page |3 h h
A. the termination of the master policy.
h h h h h
B. loss of coverage due to loss of employment.
h h h h h h h
C. loss of eligibility on the part of a class of insureds.
h h h h h h h h h h
D. a life-changing event, such as marriage, divorce, or childbirth. -
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correctanswer - a life-
h h h h h
changing event, such as marriage, divorce, or childbirth.
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Which of the following is characteristic of a non-qualified plan?
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A. defined vesting schedule h h
B. plan established by the employer
h h h h
C. plan does not meet federal guidelines for tax benefits
h h h h h h h h
D. employer contributions are deductible business expenses -
h h h h h h
correctanswer - plan does not meet federal guidelines for tax benefits
h h h h h h h h h h h h
What does it mean if a health policy is conditionally renewable?
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A. Insurer may elect NOT to renew based on the health of the insured.
h h h h h h h h h h h h
B. Insurer may elect NOT to renew for any reason only on the policya
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nniversary or premium due date. h h h h
C. Insurer may elect NOT to renew only under conditions specified in thep
h h h h h h h h h h h h
olicy.
D. Insurer may elect NOT to review if the insured exceeds the maximum nu
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mber of claims. - correct answer -
h h h h h h
Insurer may elect NOT to renew onlyunder conditions specified in the polic
h h h h h h h h h h h h h
y.
Which of the following is TRUE of an equity-indexed annuity?
h h h h h h h h h
PSI LIFE, ACCIDENT, AND HEALTH EXAM 2025|B
h h h h h h h
RAND NEW ACTUAL EXAM WITH 100% VERIFIED h h h h h h
QUESTIONS AND CORRECT SOLUTIONS| GUAR
h h h h h
ANTEED VALUE PACK| ACE YOUR GRADES. h h h h h
How long after being entitled to disability benefits will an individual beel
h h h h h h h h h h h h
igible to receive Medicare benefits?
h h h h
A. immediately
B. 1 year h
C. 2 years h
D. At age 65 - correct answer - 2 years
h h h h h h h h
What is the return of premium rider?
h h h h h h
A. an increasing amount of term insurance that always equals the total ofpr
h h h h h h h h h h h h
emiums paid up to the current point
h h h h h h
B. a provision that allows the insured to cancel the policy in the first twoye
h h h h h h h h h h h h h h
ars and have premiums refunded
h h h h
C. an increasing amount of term insurance that equals the cash value ofth
h h h h h h h h h h h h
e policy at any point in time
h h h h h h
D. a provision that states the insurer must return any premiums paid duringth
h h h h h h h h h h h h
e free-look period - correct answer -
h h h h h h
an increasing amount of term insurance that always equals the total of premi
h h h h h h h h h h h h h
ums paid up to the current point
h h h h h h
, Page |2 h h
In a home healthcare benefit, all of the following are eligible expensesE
h h h h h h h h h h h h
XCEPT
A. intermittent part-time nursing care; h h h
B. physical, occupational, or speech therapy;
h h h h
C. blood transfusions h
D. medical social services; - correct answer - blood transfusions
h h h h h h h h
All of the following are classifications of risk EXCEPT
h h h h h h h h
A. substandard
B. preferred
C. declined
D. non-nicotine - correct answer - non-nicotine h h h h h
Which of the following is exempted from the incontestability provision inin
h h h h h h h h h h h
surance policies? h
A. fraudulent misstatements h
B. pre-existing conditions h
C. change in health h h
D. changes in the insurance code - correct answer -
h h h h h h h h
fraudulentmisstatements
h h
A group conversion option may be used in all the following instancesE
h h h h h h h h h h h h
XCEPT
, Page |3 h h
A. the termination of the master policy.
h h h h h
B. loss of coverage due to loss of employment.
h h h h h h h
C. loss of eligibility on the part of a class of insureds.
h h h h h h h h h h
D. a life-changing event, such as marriage, divorce, or childbirth. -
h h h h h h h h h
correctanswer - a life-
h h h h h
changing event, such as marriage, divorce, or childbirth.
h h h h h h h
Which of the following is characteristic of a non-qualified plan?
h h h h h h h h h
A. defined vesting schedule h h
B. plan established by the employer
h h h h
C. plan does not meet federal guidelines for tax benefits
h h h h h h h h
D. employer contributions are deductible business expenses -
h h h h h h
correctanswer - plan does not meet federal guidelines for tax benefits
h h h h h h h h h h h h
What does it mean if a health policy is conditionally renewable?
h h h h h h h h h h
A. Insurer may elect NOT to renew based on the health of the insured.
h h h h h h h h h h h h
B. Insurer may elect NOT to renew for any reason only on the policya
h h h h h h h h h h h h h
nniversary or premium due date. h h h h
C. Insurer may elect NOT to renew only under conditions specified in thep
h h h h h h h h h h h h
olicy.
D. Insurer may elect NOT to review if the insured exceeds the maximum nu
h h h h h h h h h h h h
mber of claims. - correct answer -
h h h h h h
Insurer may elect NOT to renew onlyunder conditions specified in the polic
h h h h h h h h h h h h h
y.
Which of the following is TRUE of an equity-indexed annuity?
h h h h h h h h h
