PSI EXAM Questions with Complete Solutions Latest

PSI EXAM Questions with Complete Solutions Latest Which of the following is TRUE of the limited pay whole life policy? - Answer- Coverage continues after the policy is paid-up. Which of the following is true about a decreasing term life policy? - Answer- The face amount reaches zero at policy expiration. Which of the following is defined as the dollar amount beyond which the insured no longer participates in payment of medical expenses? - Answer- Stop Loss Limit When should a buy-sell agreement include a provision for the buy-out of an owner's business interest in the event of a disability? - Answer- When there is a buy-sell agreement funded with life insurance to buyout the interest of a deceased owner or partner. Which of the following is TRUE of an equity-indexed annuity? - Answer- It has a guaranteed minimum interest rate. Which insurance plans are commonly offered through the worksite (employer sponsored) EXCEPT? - Answer- Medicare