Psi life accident and health exam 2025 m

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PSI LIFE, ACCIDENT, AND HEALTH EXAM 2025|B
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RAND NEW ACTUAL EXAM WITH 100% VERIFIED j j j j j j j




QUESTIONS AND CORRECT SOLUTIONS| GUARA j j j j




NTEED VALUE PACK| ACE YOUR GRADES. j j j j j




How long after being entitled to disability benefits will an individual beeligi
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ble to receive Medicare benefits?
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A. immediately
B. 1 year j




C. 2 years j




D. At age 65 - correct answer - 2 years
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What is the return of premium rider?
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A. an increasing amount of term insurance that always equals the total ofpre
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miums paid up to the current point j j j j j j




B. a provision that allows the insured to cancel the policy in the first twoyears
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and have premiums refunded
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C. an increasing amount of term insurance that equals the cash value ofthe p
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olicy at any point in time
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D. a provision that states the insurer must return any premiums paid duringthe fr
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ee-look period - correct answer - j j j j j


an increasing amount of term insurance that always equals the total of premium
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s paid up to the current point
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In a home healthcare benefit, all of the following are eligible expensesEXC
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EPT
A. intermittent part-time nursing care; j j j




B. physical, occupational, or speech therapy; j j j j




C. blood transfusions j



D. medical social services; - correct answer - blood transfusions
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All of the following are classifications of risk EXCEPT
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A. substandard
B. preferred
C. declined
D. non-nicotine - correct answer - non-nicotine j j j j j




Which of the following is exempted from the incontestability provision ininsu
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rance policies? j




A. fraudulent misstatements j




B. pre-existing conditions j




C. change in health j j




D. changes in the insurance code - correct answer - j j j j j j j j


fraudulentmisstatements
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A group conversion option may be used in all the following instancesEXC
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EPT

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A. the termination of the master policy.
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B. loss of coverage due to loss of employment.
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C. loss of eligibility on the part of a class of insureds.
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D. a life-changing event, such as marriage, divorce, or childbirth. -
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correctanswer - a life-changing event, such as marriage, divorce, or childbirth.
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Which of the following is characteristic of a non-qualified plan?
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A. defined vesting schedule j j




B. plan established by the employer
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C. plan does not meet federal guidelines for tax benefits
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D. employer contributions are deductible business expenses -
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correctanswer - plan does not meet federal guidelines for tax benefits
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What does it mean if a health policy is conditionally renewable?
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A. Insurer may elect NOT to renew based on the health of the insured.
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B. Insurer may elect NOT to renew for any reason only on the policyanniv
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ersary or premium due date.
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C. Insurer may elect NOT to renew only under conditions specified in thepolic
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y.
D. Insurer may elect NOT to review if the insured exceeds the maximum numb
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er of claims. - correct answer -
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Insurer may elect NOT to renew onlyunder conditions specified in the policy.
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Which of the following is TRUE of an equity-indexed annuity?
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