2/13/25, 6:41 PM PSI - NY Life, Accident and Health Practice Exam (2025) comprehensive questions and verified answers ( detailed & elaborate…
PSI - NY Life, Accident and Health Practice
Exam (2025) comprehensive questions and
verified answers ( detailed & elaborated)
ACTUAL EXAM 2025 TEST!!
Save
Terms in this set (75)
Which policy provision Free Look
permits the policy owner
to take a specified
number of days to
examine the contract,
and allows for
cancellation and a full
refund if the policy
owner rejects the terms
or costs?
When will a policy pay on When particular benefits are not listed on a
a UCR basis? payment schedule
Which type of rider long term care rider
reimburses health and
social service expenses
incurred in a
convalescent or nursing
home facility?
Which of the following is Fraudulent misstatements
exempted from the
incontestability provision
in insurance policies?
https://quizlet.com/1005650099/psi-ny-life-accident-and-health-practice-exam-2025-comprehensive-questions-and-verified-answers-detailed-ela… 1/11
, 2/13/25, 6:41 PM PSI - NY Life, Accident and Health Practice Exam (2025) comprehensive questions and verified answers ( detailed & elaborate…
What does first dollar As soon as covered medical expenses are incurred,
coverage mean? the policy begins to pay
In a long term care contract, the premium is waived
What is the waiver of
after the insured has been confined for a specific
premium provision?
period of time
According to the Time for claims involving periodic payments
Payment of Claims
provision, the insurer
must make the payment
immediately after
receiving proof of loss
EXCEPT
Which is a disadvantage the actual amount of the annuity benefit cannot be
to a flexible premium determined in advance
annuity?
When a policy or a detailed and comprehensive summary of the
certificate containing an accelerated benefit
accelerated benefit
provision is applied for or
delivered, the producer is
responsible for providing
that applicant a summary
of coverage that includes
all of the following
EXCEPT
which one of the the loan is not taxed while a withdrawal is taxed for
following represents an amounts above the contract cost basis
advantage of obtaining a
policy loan versus a
withdrawal?
How does a with the non cancelable policy the insurer may
noncancelable policy increase premiums only based on the terms of the
differ from a guaranteed policy
renewable policy?
https://quizlet.com/1005650099/psi-ny-life-accident-and-health-practice-exam-2025-comprehensive-questions-and-verified-answers-detailed-ela… 2/11
PSI - NY Life, Accident and Health Practice
Exam (2025) comprehensive questions and
verified answers ( detailed & elaborated)
ACTUAL EXAM 2025 TEST!!
Save
Terms in this set (75)
Which policy provision Free Look
permits the policy owner
to take a specified
number of days to
examine the contract,
and allows for
cancellation and a full
refund if the policy
owner rejects the terms
or costs?
When will a policy pay on When particular benefits are not listed on a
a UCR basis? payment schedule
Which type of rider long term care rider
reimburses health and
social service expenses
incurred in a
convalescent or nursing
home facility?
Which of the following is Fraudulent misstatements
exempted from the
incontestability provision
in insurance policies?
https://quizlet.com/1005650099/psi-ny-life-accident-and-health-practice-exam-2025-comprehensive-questions-and-verified-answers-detailed-ela… 1/11
, 2/13/25, 6:41 PM PSI - NY Life, Accident and Health Practice Exam (2025) comprehensive questions and verified answers ( detailed & elaborate…
What does first dollar As soon as covered medical expenses are incurred,
coverage mean? the policy begins to pay
In a long term care contract, the premium is waived
What is the waiver of
after the insured has been confined for a specific
premium provision?
period of time
According to the Time for claims involving periodic payments
Payment of Claims
provision, the insurer
must make the payment
immediately after
receiving proof of loss
EXCEPT
Which is a disadvantage the actual amount of the annuity benefit cannot be
to a flexible premium determined in advance
annuity?
When a policy or a detailed and comprehensive summary of the
certificate containing an accelerated benefit
accelerated benefit
provision is applied for or
delivered, the producer is
responsible for providing
that applicant a summary
of coverage that includes
all of the following
EXCEPT
which one of the the loan is not taxed while a withdrawal is taxed for
following represents an amounts above the contract cost basis
advantage of obtaining a
policy loan versus a
withdrawal?
How does a with the non cancelable policy the insurer may
noncancelable policy increase premiums only based on the terms of the
differ from a guaranteed policy
renewable policy?
https://quizlet.com/1005650099/psi-ny-life-accident-and-health-practice-exam-2025-comprehensive-questions-and-verified-answers-detailed-ela… 2/11
