CA PSI SITE LIFE ACCIDENT AND HEALTH OR
SICKNESS EXAM (LIFE AGENT) LATEST 2025
REAL EXAM COMPLETE 200 QUESTIONS AND
CORRECT DETAILS (VERIFIED ANSWERS) |
ALREADY GRADED A+
Reduced Paid Up ...ANSWER...Nonforfeiture option provides new whole life policy at
reduced face amount of protection. Provides coverage for longest time.
Extended Term ...ANSWER...Nonforfeiture option provides new TERM policy with same
face amount of coverage as original policy
Guaranteed Lifetime Withdrawal ...ANSWER...Annuity rider that assures owner will at
least get amount paid for the annuity
Guaranteed Minimum Income ...ANSWER...Rider that guarantees you will get a set
amount annually
Paid-Up Additions ...ANSWER...Increase the death benefit of the original policy by the
amount the dividend will buy
Needs Approach ...ANSWER...The predicted needs of a family after the premature
death of the insured
3 Factors that determine premium of life insurance policy ...ANSWER...Mortality,
Interest, Expense
Optionally Renewable ...ANSWER...Allows insurer to terminate policy for any reason or
increase premiums for a class of insureds on specified date. Only allowed to terminate
on premium due dates
Monthly Premium for health insurance- How long is grace period ...ANSWER...10 days
for monthly pay mode. 7 days for weekly pay mode. 31 days for all other modes.
Purpose of Coinsurance provision ...ANSWER...Prevent overutilization of policy benefits
What does "level" refer to in level term insurance? ...ANSWER...Face Amount
SICKNESS EXAM (LIFE AGENT) LATEST 2025
REAL EXAM COMPLETE 200 QUESTIONS AND
CORRECT DETAILS (VERIFIED ANSWERS) |
ALREADY GRADED A+
Reduced Paid Up ...ANSWER...Nonforfeiture option provides new whole life policy at
reduced face amount of protection. Provides coverage for longest time.
Extended Term ...ANSWER...Nonforfeiture option provides new TERM policy with same
face amount of coverage as original policy
Guaranteed Lifetime Withdrawal ...ANSWER...Annuity rider that assures owner will at
least get amount paid for the annuity
Guaranteed Minimum Income ...ANSWER...Rider that guarantees you will get a set
amount annually
Paid-Up Additions ...ANSWER...Increase the death benefit of the original policy by the
amount the dividend will buy
Needs Approach ...ANSWER...The predicted needs of a family after the premature
death of the insured
3 Factors that determine premium of life insurance policy ...ANSWER...Mortality,
Interest, Expense
Optionally Renewable ...ANSWER...Allows insurer to terminate policy for any reason or
increase premiums for a class of insureds on specified date. Only allowed to terminate
on premium due dates
Monthly Premium for health insurance- How long is grace period ...ANSWER...10 days
for monthly pay mode. 7 days for weekly pay mode. 31 days for all other modes.
Purpose of Coinsurance provision ...ANSWER...Prevent overutilization of policy benefits
What does "level" refer to in level term insurance? ...ANSWER...Face Amount
