P a g e |1 j j
PSI LIFE, ACCIDENT, AND HEALTH EXAM 2025|B
j j j j j j j
RAND NEW ACTUAL EXAM WITH 100% VERIFIED j j j j j j j
QUESTIONS AND CORRECT SOLUTIONS| GUARA j j j j
NTEED VALUE PACK| ACE YOUR GRADES. j j j j j
How long after being entitled to disability benefits will an individual beeligi
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ble to receive Medicare benefits?
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A. immediately
B. 1 year j
C. 2 years j
D. At age 65 - correct answer - 2 years
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What is the return of premium rider?
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A. an increasing amount of term insurance that always equals the total ofpre
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miums paid up to the current point j j j j j j
B. a provision that allows the insured to cancel the policy in the first twoyears
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and have premiums refunded
j j j
C. an increasing amount of term insurance that equals the cash value ofthe p
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olicy at any point in time
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D. a provision that states the insurer must return any premiums paid duringthe fr
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ee-look period - correct answer - j j j j j
an increasing amount of term insurance that always equals the total of premium
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s paid up to the current point
j j j j j j
, P a g e |2 j j
In a home healthcare benefit, all of the following are eligible expensesEXC
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EPT
A. intermittent part-time nursing care; j j j
B. physical, occupational, or speech therapy; j j j j
C. blood transfusions j
D. medical social services; - correct answer - blood transfusions
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All of the following are classifications of risk EXCEPT
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A. substandard
B. preferred
C. declined
D. non-nicotine - correct answer - non-nicotine j j j j j
Which of the following is exempted from the incontestability provision ininsu
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rance policies? j
A. fraudulent misstatements j
B. pre-existing conditions j
C. change in health j j
D. changes in the insurance code - correct answer - j j j j j j j j
fraudulentmisstatements
j j
A group conversion option may be used in all the following instancesEXC
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EPT
, P a g e |3 j j
A. the termination of the master policy.
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B. loss of coverage due to loss of employment.
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C. loss of eligibility on the part of a class of insureds.
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D. a life-changing event, such as marriage, divorce, or childbirth. -
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correctanswer - a life-changing event, such as marriage, divorce, or childbirth.
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Which of the following is characteristic of a non-qualified plan?
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A. defined vesting schedule j j
B. plan established by the employer
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C. plan does not meet federal guidelines for tax benefits
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D. employer contributions are deductible business expenses -
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correctanswer - plan does not meet federal guidelines for tax benefits
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What does it mean if a health policy is conditionally renewable?
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A. Insurer may elect NOT to renew based on the health of the insured.
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B. Insurer may elect NOT to renew for any reason only on the policyanniv
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ersary or premium due date.
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C. Insurer may elect NOT to renew only under conditions specified in thepolic
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y.
D. Insurer may elect NOT to review if the insured exceeds the maximum numb
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er of claims. - correct answer -
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Insurer may elect NOT to renew onlyunder conditions specified in the policy.
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Which of the following is TRUE of an equity-indexed annuity?
j j j j j j j j j
PSI LIFE, ACCIDENT, AND HEALTH EXAM 2025|B
j j j j j j j
RAND NEW ACTUAL EXAM WITH 100% VERIFIED j j j j j j j
QUESTIONS AND CORRECT SOLUTIONS| GUARA j j j j
NTEED VALUE PACK| ACE YOUR GRADES. j j j j j
How long after being entitled to disability benefits will an individual beeligi
j j j j j j j j j j j j
ble to receive Medicare benefits?
j j j j
A. immediately
B. 1 year j
C. 2 years j
D. At age 65 - correct answer - 2 years
j j j j j j j j
What is the return of premium rider?
j j j j j j
A. an increasing amount of term insurance that always equals the total ofpre
j j j j j j j j j j j j
miums paid up to the current point j j j j j j
B. a provision that allows the insured to cancel the policy in the first twoyears
j j j j j j j j j j j j j j j
and have premiums refunded
j j j
C. an increasing amount of term insurance that equals the cash value ofthe p
j j j j j j j j j j j j j
olicy at any point in time
j j j j j
D. a provision that states the insurer must return any premiums paid duringthe fr
j j j j j j j j j j j j j
ee-look period - correct answer - j j j j j
an increasing amount of term insurance that always equals the total of premium
j j j j j j j j j j j j j
s paid up to the current point
j j j j j j
, P a g e |2 j j
In a home healthcare benefit, all of the following are eligible expensesEXC
j j j j j j j j j j j j
EPT
A. intermittent part-time nursing care; j j j
B. physical, occupational, or speech therapy; j j j j
C. blood transfusions j
D. medical social services; - correct answer - blood transfusions
j j j j j j j j
All of the following are classifications of risk EXCEPT
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A. substandard
B. preferred
C. declined
D. non-nicotine - correct answer - non-nicotine j j j j j
Which of the following is exempted from the incontestability provision ininsu
j j j j j j j j j j j
rance policies? j
A. fraudulent misstatements j
B. pre-existing conditions j
C. change in health j j
D. changes in the insurance code - correct answer - j j j j j j j j
fraudulentmisstatements
j j
A group conversion option may be used in all the following instancesEXC
j j j j j j j j j j j j
EPT
, P a g e |3 j j
A. the termination of the master policy.
j j j j j
B. loss of coverage due to loss of employment.
j j j j j j j
C. loss of eligibility on the part of a class of insureds.
j j j j j j j j j j
D. a life-changing event, such as marriage, divorce, or childbirth. -
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correctanswer - a life-changing event, such as marriage, divorce, or childbirth.
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Which of the following is characteristic of a non-qualified plan?
j j j j j j j j j
A. defined vesting schedule j j
B. plan established by the employer
j j j j
C. plan does not meet federal guidelines for tax benefits
j j j j j j j j
D. employer contributions are deductible business expenses -
j j j j j j
correctanswer - plan does not meet federal guidelines for tax benefits
j j j j j j j j j j j j
What does it mean if a health policy is conditionally renewable?
j j j j j j j j j j
A. Insurer may elect NOT to renew based on the health of the insured.
j j j j j j j j j j j j
B. Insurer may elect NOT to renew for any reason only on the policyanniv
j j j j j j j j j j j j j
ersary or premium due date.
j j j j
C. Insurer may elect NOT to renew only under conditions specified in thepolic
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y.
D. Insurer may elect NOT to review if the insured exceeds the maximum numb
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er of claims. - correct answer -
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Insurer may elect NOT to renew onlyunder conditions specified in the policy.
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Which of the following is TRUE of an equity-indexed annuity?
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