PSIl Life,l Accident,l andl Healthl Insurancel Examl V1l (Latestl 2025/l 2026l Update)l Q/Al |l Gradel A|l 100%l Correctl (Verifiedl Answers)
Q:l Whichl isl al disadvantagel tol al flexiblel premiuml annuity?
Answer:
Thel actuall amountl ofl thel annuityl benefitl cannotl bel determinedl inl advance.
Q:l Whatl doesl coninsurancel mean?
Answer:
Thel insurerl andl thel insuredl sharel expensesl overl thel deductible.
Q:l Underl normall conditionsl whichl ofl thel followingl isl TRUEl forl proofl ofl lossl whenl al singlel lossl isl claimed?
Answer:
Thel insuredl hasl 90l daysl froml thel datel ofl lossl tol providel proofl ofl loss.
Q:l Whichl onel ofl thel followingl representsl anl advantagel ofl obtainingl al policyl loanl versusl al withdrawal?
Answer:
Thel loanl isl notl taxedl whilel al withdrawall isl taxedl forl amountsl abovel thel contractl costl basis.
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Q:l Alll ofl thel followingl statementsl definel preexistingl conditionsl EXCEPT?
Answer:
Anyl chronicl healthl conditionl thatl presentsl symptomsl andl whichl wasl unknownl atl thel timel ofl application.
Q:l Whichl isl thel differencel betweenl participatingl andl non-participating?
Answer:
Participatingl policiesl payl dividendsl whilel non-participatingl policiesl dol not.
Q:l Howl doesl thel perl captial rulel applyl tol proceedsl froml al lifel insurancel policy?
Answer:
Thel proceedsl arel dividedl equallyl amongl livingl primaryl beneficiaries.
Q:l Howl doesl al noncancelablel policyl differl froml al guaranteedl renewablel policy?
Answer:
Withl thel noncancelablel policyl thel insurerl mayl increasel premiumsl onlyl basedl onl thel termsl ofl thel policy.
Q:l Whichl ofl thel followingl refersl tol howl oftenl al premiuml isl paid?
Answer:
Mode
Q:l Whatl isl thel returnl ofl premiuml rider?
Answer:
Anl increasingl amountl ofl terml insurancel thatl alwaysl equalsl thel totall ofl premiumsl paidl upl tol thel currentl point.
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