CA PSI LIFE ACCIDENT AND HEALTH
PREPARATION TEST 2026 QUESTIONS AND
CORRECT ANSWERS GRADED A+
● What always remains constant in a Level Term Life Policy?. Answer:
Death benefit
● Insurance contract part with promise to pay losses covered by policy.
Answer: Insuring clause
● Home Healthcare Benefit: Eligible expenses EXCEPT. Answer: Blood
transfusions
● Noncontributory Plans: Percentage of eligible members must
participate. Answer: 1
● How are issues of ambiguity resolved in insurance contracts?. Answer:
In favor of insured as contracts of adhesion
● Why is Accidental Death Benefit called Double Indemnity?. Answer:
Provides twice face value for accident death
, ● Rider reimbursing health and social service expenses in nursing home.
Answer: Long Term Care Rider
● Life and Health Insurance Contracts: Contain all EXCEPT. Answer:
Representations
● Requirements for Social Security Disability Benefits. Answer: Unable
to work in trained or educated occupation
● Order of Beneficiaries Proceeds from Life Insurance Policy. Answer:
Succession of Beneficiaries
● Tax-Deductible Premiums for Group Disability Insurance. Answer:
Premiums paid by company as business expense
● Annuity Settlement Option: Monthly Amount to Annuitant. Answer:
Joint and Survivorship Option
● Policy Type with Double Indemnity. Answer: Accidental Death
● Eligibility for Medicare Benefits after Disability Benefits. Answer: 2
years
PREPARATION TEST 2026 QUESTIONS AND
CORRECT ANSWERS GRADED A+
● What always remains constant in a Level Term Life Policy?. Answer:
Death benefit
● Insurance contract part with promise to pay losses covered by policy.
Answer: Insuring clause
● Home Healthcare Benefit: Eligible expenses EXCEPT. Answer: Blood
transfusions
● Noncontributory Plans: Percentage of eligible members must
participate. Answer: 1
● How are issues of ambiguity resolved in insurance contracts?. Answer:
In favor of insured as contracts of adhesion
● Why is Accidental Death Benefit called Double Indemnity?. Answer:
Provides twice face value for accident death
, ● Rider reimbursing health and social service expenses in nursing home.
Answer: Long Term Care Rider
● Life and Health Insurance Contracts: Contain all EXCEPT. Answer:
Representations
● Requirements for Social Security Disability Benefits. Answer: Unable
to work in trained or educated occupation
● Order of Beneficiaries Proceeds from Life Insurance Policy. Answer:
Succession of Beneficiaries
● Tax-Deductible Premiums for Group Disability Insurance. Answer:
Premiums paid by company as business expense
● Annuity Settlement Option: Monthly Amount to Annuitant. Answer:
Joint and Survivorship Option
● Policy Type with Double Indemnity. Answer: Accidental Death
● Eligibility for Medicare Benefits after Disability Benefits. Answer: 2
years
