Psi Review Exam Questions with Correct Answers

Psi Review Exam Questions with Correct Answers Which of the following terms refers to the nontaxable portion of each annuity benefit payments? - Answer- Principal Which of the following statements is true regarding an agents report during the policy application process - Answer- it provides the agents personal observations concerning the proposed insured When comparing a joint life policy to two individual life policies of the same amount on the same insureds which condition is true - Answer- joint life has a lower premium than the total of the two individual policies Agents may be found guilty of defamation if they make a false statement that is intended to? A) malign another insurance company. B) mislead a prospect about a policy's term of coverage. C) misrepresent the benefits payable under a policy. D) defraud an insured or a claimant. - Answer- A) malign another insurance company.