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Exam (elaborations)

PSI Life Exam Questions with Complete Answers

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PSI Life Exam Questions with Complete Answers Which of the following policies allows for partial surrender? - Answer- Universal Life Any form that becomes part of an insurance contract must be filed at the Office of the Commissioner of Insurance - Answer- Prior to its use Keogh (HR 10) plans were designed to provide retirement benefits for - Answer- Self-employed individuals Which statements is NOT a characteristic of Group Life insurance plan? - Answer- Individual underwriting Insurance applications with an AVERAGE life expectancy without higher than normal risk factors are considered which type of risk? - Answer- Standard Which of the following dividend options is taxable? - Answer- Accumulation at interest Which nonforfeiture option allows the policyowner to purchase less coverage for life? - Answer- Reduced Paid-Up Insurance Who is allowed to make changes to a life insurance contact terms? - Answer- An officer of the company Which of the following policies allows the policyowner to change two policy features? - Answer- Adjustable Life Which of the following provides a death benefit if the spouse of the insured dies? - Answer- Family term insurance rider

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PSI LIFE INSUARANCE
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Uploaded on
March 27, 2024
Number of pages
8
Written in
2023/2024
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • psi life exam questions with complete answers
  • an accelerated death benefit answer pays a port
  • backdating on a life insurance policy is the pract
  • when underwriting group life insurance the under
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