©THESTAR 2025 ALL RIGHTS RESERVED 12:35 PM A+
PSI Online Exam Questions And Answers
|Latest 2025 | Guaranteed Pass
Which policy provision permits the policy owner to take a specified number of days to examine
the contract, and allows for cancellation and full refund of the policy owner rejects the term or
cost? - Answer✔Free Look
Which of the following term insurance provides temporary protection that can be changed to
some type of permanent protection without evidence of insurability? - Answer✔Converitible
Which whole life policy premium type is the most common? - Answer✔Continuous Premium
What is the order in which beneficiaries receive proceeds from a life insurance policy? -
Answer✔Succession of Beneficiaries
Which of the following is exempted from the incontestability provision in insurance policies? -
Answer✔fraudulent misstatements
1
, ©THESTAR 2025 ALL RIGHTS RESERVED 12:35 PM A+
Which is not an ownership right? - Answer✔Switching the policy from one insured to another
The right to change the beneficiary or dispose of the policy or it's benefits in any manner one
chooses is reserved to the policy owner UNLESS which of the following is true? - Answer✔the
policy owner has named an irrevocable beneficiary
When the courts look at a contract to determine the intent of the parties which of the following
is considered? - Answer✔The Entire Contract
Group AD&D policies may be deducted by whom and under which deduction category? -
Answer✔the employer under business expenses
Why is the accidental death benefit referred to as double indemnity? - Answer✔It provides
twice the face value in the policy for death due to accident
The group conversion option is allowed for all of the following EXCEPT - Answer✔During the
annual benefits enrollment period
2
PSI Online Exam Questions And Answers
|Latest 2025 | Guaranteed Pass
Which policy provision permits the policy owner to take a specified number of days to examine
the contract, and allows for cancellation and full refund of the policy owner rejects the term or
cost? - Answer✔Free Look
Which of the following term insurance provides temporary protection that can be changed to
some type of permanent protection without evidence of insurability? - Answer✔Converitible
Which whole life policy premium type is the most common? - Answer✔Continuous Premium
What is the order in which beneficiaries receive proceeds from a life insurance policy? -
Answer✔Succession of Beneficiaries
Which of the following is exempted from the incontestability provision in insurance policies? -
Answer✔fraudulent misstatements
1
, ©THESTAR 2025 ALL RIGHTS RESERVED 12:35 PM A+
Which is not an ownership right? - Answer✔Switching the policy from one insured to another
The right to change the beneficiary or dispose of the policy or it's benefits in any manner one
chooses is reserved to the policy owner UNLESS which of the following is true? - Answer✔the
policy owner has named an irrevocable beneficiary
When the courts look at a contract to determine the intent of the parties which of the following
is considered? - Answer✔The Entire Contract
Group AD&D policies may be deducted by whom and under which deduction category? -
Answer✔the employer under business expenses
Why is the accidental death benefit referred to as double indemnity? - Answer✔It provides
twice the face value in the policy for death due to accident
The group conversion option is allowed for all of the following EXCEPT - Answer✔During the
annual benefits enrollment period
2
