PSI ONLINE PRACTICE LIFE EXAM QUESTIONS WITH CORRECT ANSWERS RATED A+

PSI ONLINE PRACTICE LIFE EXAM QUESTIONS
WITH CORRECT ANSWERS RATED A+
IfQtheQinsurerQwishesQtoQshareQanQapplicant'sQHIVQstatus,QtheQapplicantQmustQbeQgivenQfullQnoticeQ
ofQallQofQtheQfollowingQEXCEPT



A-TheQapplicant'sQrightsQtoQmaintainQprivacy

B-AnQopportunityQtoQrefuseQtheQdisseminationQofQtheQinformation

C-Insurer'sQpracticesQwithQrespectQtoQtheQtreatmentQofQthisQinformation

D-TheQtreatmentQproceduresQthatQareQcoveredQbyQtheQpolicy.Q-QCORRECTQANSWERSD



AllQofQtheQfollowingQareQcommonQexclusionsQfromQlossQfoundQinQdisabilityQincomeQpoliciesQEXCEP
TQforQthatQincurredQwhile



A)QcommittingQaQmisdemeanor

B)QpilotingQaQpersonalQaircraft

C)QlivingQoverseas

D)QservingQinQtheQmilitaryQ-QCORRECTQANSWERSA



WhatQtypeQofQinsuranceQshouldQaQcompanyQpurchaseQifQitQwantsQtoQinsureQtheQlifeQofQitsQCEO?



A)QBOEQinsurance

B)QkeyQpersonQinsurance

C)QindustrialQlifeQinsurance

D)QgroupQlifeQpolicyQ-QCORRECTQANSWERSB

,ForQanQindividualQlong-termQcareQpolicyQthereQisQanQannualQdollarQlimitQforQtax-
deductionsQthatQisQbaseQonQwhichQofQtheQfollowing?



A)Qage

B)QpremiumQcost

C)QcostQofQcare

D)QpolicyQvalueQ-QCORRECTQANSWERSA



WhichQofQtheQfollowingQisQexemptedQfromQtheQincontestabilityQprovisionQinQinsuranceQpolicies?



A)QchangeQinQhealth

B)Qpre-existingQconditions

C)QchangesQinQtheQinsuranceQcode

D)QfraudulentQmisstatementsQ-QCORRECTQANSWERSD



WhichQofQtheQfollowingQtermQinsuranceQtypesQprovidesQtemporaryQprotectionQthatQcanQbeQchang
edQtoQsomeQtypeQofQpermanentQprotectionQwithoutQevidenceQofQinsurability?



A)Qre-entry

B)Qdecreasing

C)Qlevel

D)QconvertibleQ-QCORRECTQANSWERSD



WhichQannuityQsettlementQoptionQprovidesQaQstatedQmonthlyQamountQtoQtheQannuitantQandQupo
nQtheQannuitant'sQdeathQtheQsameQorQaQlesserQamountQpaidQforQtheQlifetimeQofQtheQsurvivor?



A)QRefundQlifeQannuityQoption

, B)QLifeQannuityQcertainQoption

C)QJointQlifeQoption

D)QJointQandQsurvivorshipQoptionQ-QCORRECTQANSWERSD



WhichQoneQofQtheQfollowingQisQparticularlyQimportantQforQanQinsuranceQproducerQtoQexplainQtoQaQ
clientQuponQdeliveryQofQaQlifeQinsuranceQpolicy?



A)QtheQeffectiveQdate

B)QpremiumQdueQdates

C)QanyQexclusions

loanQinterestQratesQ-QCORRECTQANSWERSC



AllQofQtheQfollowingQareQownershipQrightsQEXCEPT



A)QassigningQallQofQtheQrightsQofQtheQpolicyQtoQanotherQperson

B)QswitchingQtheQpolicyQfromQoneQinsuredQtoQanther

C)QborrowingQfundsQagainstQcashQvalue

D)QchangingQtheQbeneficiaryQofQtheQpolicyQ-QCORRECTQANSWERSB



HowQmightQsomeoneQcoverQtheQextraQexpensesQofQchildQcareQandQhome-relatedQcosts?



A)QaddingQcoverageQofQaQgrandparent

B)QpurchasingQaQsubstituteQinsuredQrider

C)QaddingQcostQofQlivingQcoverage

D)QpurchasingQfamilyQtermQinsuranceQ-QCORRECTQANSWERSD