7/19/25, 5:05 PM PSI Life Exam EXAM 2025 UPDATE Verified Questions And Answers | Guaranteed Success!! Flashcards | Quizlet
PSI Life Exam EXAM 2025 UPDATE Verified
Questions And Answers | Guaranteed Success!!
Save
Terms in this set (119)
What kind of retirement Simple IRA
plan can a 75-employee
for profit corporation
establish?
The taxable portion of a Exclusion ratio
monthly income benefit
paid during the annuity
phase from a nonqualified
annuity is calculated using
the
Unfair claims settlement failure to pay all claims that are reported within 90
methods and practices by days after a loss occurs
an insurance company
include all of the following
acts EXCEPT
The settlement option that Interest only
allows proceeds to remain
with the insurer and the
earnings to be paid to the
beneficiary on a monthly
basis is called
https://quizlet.com/1061115698/psi-life-exam-exam-2025-update-verified-questions-and-answers-guaranteed-success-flash-cards/?new 1/15
, 7/19/25, 5:05 PM PSI Life Exam EXAM 2025 UPDATE Verified Questions And Answers | Guaranteed Success!! Flashcards | Quizlet
Regulations on life A radio commercial that promotes the benefits of a
insurance advertising specific company's life insurance products
apply to which of the
following insurance
company materials?
An insurance company 2
may contest a life policy
within a MAXIMUM of
how many years after the
policy's effective date?
All of the following factors Morbidity
are used in life insurance
premium determination
EXCEPT
The authorization used to the time frame in which the insurer must release the
obtain the applicant's eligibility decision to the agent
medical information that
will be used by the insurer
for the primary purpose of
determining eligibility
must include:
An intermediary who Misrepresentation
omits information on an
insurance application
without the applicant's
knowledge and submits
the application to the
insurer may be guilty of:
Dividends are NOT subject Paying dividends is equivalent to returning a premium
to taxation because
https://quizlet.com/1061115698/psi-life-exam-exam-2025-update-verified-questions-and-answers-guaranteed-success-flash-cards/?new 2/15
PSI Life Exam EXAM 2025 UPDATE Verified
Questions And Answers | Guaranteed Success!!
Save
Terms in this set (119)
What kind of retirement Simple IRA
plan can a 75-employee
for profit corporation
establish?
The taxable portion of a Exclusion ratio
monthly income benefit
paid during the annuity
phase from a nonqualified
annuity is calculated using
the
Unfair claims settlement failure to pay all claims that are reported within 90
methods and practices by days after a loss occurs
an insurance company
include all of the following
acts EXCEPT
The settlement option that Interest only
allows proceeds to remain
with the insurer and the
earnings to be paid to the
beneficiary on a monthly
basis is called
https://quizlet.com/1061115698/psi-life-exam-exam-2025-update-verified-questions-and-answers-guaranteed-success-flash-cards/?new 1/15
, 7/19/25, 5:05 PM PSI Life Exam EXAM 2025 UPDATE Verified Questions And Answers | Guaranteed Success!! Flashcards | Quizlet
Regulations on life A radio commercial that promotes the benefits of a
insurance advertising specific company's life insurance products
apply to which of the
following insurance
company materials?
An insurance company 2
may contest a life policy
within a MAXIMUM of
how many years after the
policy's effective date?
All of the following factors Morbidity
are used in life insurance
premium determination
EXCEPT
The authorization used to the time frame in which the insurer must release the
obtain the applicant's eligibility decision to the agent
medical information that
will be used by the insurer
for the primary purpose of
determining eligibility
must include:
An intermediary who Misrepresentation
omits information on an
insurance application
without the applicant's
knowledge and submits
the application to the
insurer may be guilty of:
Dividends are NOT subject Paying dividends is equivalent to returning a premium
to taxation because
https://quizlet.com/1061115698/psi-life-exam-exam-2025-update-verified-questions-and-answers-guaranteed-success-flash-cards/?new 2/15
