PSI Life Exam /PSI Life Exam Questions

PSI Life Exam /PSI Life Exam Questions and Answers GRADED A What kind of retirement plan can a 75-employee for profit corporation establish? - Correct answer-Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the - Correct answer-Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT - Correct answer-failure to pay all claims that are reported within 90 days after a loss occurs The settlement option that allows proceeds to remain with the insurer and the earnings to be paid to the beneficiary on a monthly basis is called - Correct answer-Interest only Regulations on life insurance advertising apply to which of the following insurance company materials? - Correct answer-A radio commercial that promotes the benefits of a specific company's life insurance products An insurance company may contest a life policy within a MAXIMUM of how many years after the policy's effective date? - Correct answer-2 All of the following factors are used in life insurance premium determination EXCEPT - Correct answer-Morbidity