PSI: LIFE, ACCIDENT, AND HEALTH
PRACTICE EXAM COMPLETE
QUESTIONS AND ANSWERS |
ALREADY PASSED | 2025 LATEST!!
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Terms in this set (303)
,Dividends that The amount received that is over
are received by and above the amount paid into the
a life insurance policy via premiums is considered to
policy holder be gain and is therefore taxable.
can be taxed in There are no dividends paid on term
what situation(s): life insurance policies.
I - When the
dividend amount
received
exceeds the
amount that the
policy holder
paid in premiums
,Under the Benefits are adjusted to an amount
misstatement of that the premium would have
age or gender purchased at the correct age or
provision, what gender.
happens if it is
determined at
death that the
insured's age or
gender was
misstated on a
life insurance
policy
application?
Which of the Notice of claim.
following must
be given to the
insurer within 20
days after
occurrence or
commencement
of any loss
covered by the
policy, or as
thereafter as is
reasonably
possible?
, When will a When particular benefits are not
policy pay on a listed on a payment schedule.
UCR basis?
All of the Cash dividend option.
following are
non-forfeiture
options EXCEPT
What happens The insured will pay all of the
when the remaining medial costs for as long
lifetime as the policy is in force.
maximum
benefit limit has
been reached?
Whose The producer.
responsibility is it
to make sure
that the
company is
notified of a
death claim at
the earliest
possible
opportunity (in
most cases)?
PRACTICE EXAM COMPLETE
QUESTIONS AND ANSWERS |
ALREADY PASSED | 2025 LATEST!!
Save
Terms in this set (303)
,Dividends that The amount received that is over
are received by and above the amount paid into the
a life insurance policy via premiums is considered to
policy holder be gain and is therefore taxable.
can be taxed in There are no dividends paid on term
what situation(s): life insurance policies.
I - When the
dividend amount
received
exceeds the
amount that the
policy holder
paid in premiums
,Under the Benefits are adjusted to an amount
misstatement of that the premium would have
age or gender purchased at the correct age or
provision, what gender.
happens if it is
determined at
death that the
insured's age or
gender was
misstated on a
life insurance
policy
application?
Which of the Notice of claim.
following must
be given to the
insurer within 20
days after
occurrence or
commencement
of any loss
covered by the
policy, or as
thereafter as is
reasonably
possible?
, When will a When particular benefits are not
policy pay on a listed on a payment schedule.
UCR basis?
All of the Cash dividend option.
following are
non-forfeiture
options EXCEPT
What happens The insured will pay all of the
when the remaining medial costs for as long
lifetime as the policy is in force.
maximum
benefit limit has
been reached?
Whose The producer.
responsibility is it
to make sure
that the
company is
notified of a
death claim at
the earliest
possible
opportunity (in
most cases)?
