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PSI Life Exam with Verified Answers 100% Pass
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15
June 2025
2024/2025
A+
Which type of life policy can be continued year after year without a required medical
examination but rates are dependent on the insured's current age?
A. Whole life
B. Variable life
C. Flexible term
D. Renewable term - ANSWERRenewable term
Under which situation must insurable interest exist between the applicant and insured at
the time of application?
A. When a third-party applicant names themselves beneficiary.
B. When the applicant and the insured are the same person. ...
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