PSIl Life,l Accident,l andl Healthl Insurancel Examl V2l (Latestl 2025/l 2026l Update)l Q/Al |l Gradel A|l 100%l Correctl (Verifiedl Answers)
Q:l Alll ofl thel followingl arel TRUEl regardingl incompletel applicationsl EXCEPT A.l thel underwritingl departmentl willl returnl thel applicationl tol thel agent.B.l thel applicantl willl havel tol waitl additionall timel beforel coveragel begins.C.l therel willl bel al delayl inl thel underwritingl process.D.l thel incompletel applicationl canl bel acceptedl withl thel missingl informationl addedl later.
Answer:
thel incompletel applicationl canl bel acceptedl withl thel missingl informationl addedl later.
Q:l Comparedl tol basicl hospital,l medicall andl surgicall policies,l whichl typel ofl insurancel providesl broaderl coverage,l fewerl gaps,l higherl individuall benefits,l andl higherl policyl maximums?A.l medicaidl insurance B.l majorl medicall insurancel C.l supplementall medicall insurance D.l longl terml carel insurance
Answer:
majorl medicall insurance
Q:l Whichl typel ofl riderl reimbursesl healthl andl sociall servicel expensesl incurredl inl al convalescentl orl nursingl homel facility?A.l acceleratedl benefitsl rider B.l assistedl livingl rider C.l terminall illnessl rider D.l longl terml carel rider
- / 3
Answer:
longl terml carel rider
Q:l Alll ofl thel followingl arel characteristicsl ofl COBRAl EXCEPT
A.l qualifyingl events.B.l notificationl statements.C.l continuationl ofl coverage.D.l changel inl medicall privacyl procedures.
Answer:
changel inl medicall privacyl procedures.
Q:l Whatl typel ofl insurancel shouldl al companyl purchasel ifl itl wantsl tol insurel thel lifel ofl itsl CEO?A.l keyl personl insurancel B.l BOEl insurance C.l groupl lifel policy D.l industriall lifel insurance
Answer:
keyl personl insurance
Q:l Whichl ofl thel followingl isl truel aboutl al decreasingl terml lifel policy?A.l Thel cashl valuel ofl thel policyl decreasesl overl time.B.l Thel facel amountl reachesl zerol atl policyl expiration.l C.l Premiumsl decreasel overl timel butl thel amountl ofl coveragel remainsl constant.D.l Commonlyl soldl asl al riderl tol anotherl typel ofl policyl tol providel anl additionall deathl benefit.
Answer:
Thel facel amountl reachesl zerol atl policyl expiration.
Q:l Forl anl individuall long-terml carel policyl therel isl anl annuall dollarl limitl forl taxl deductionsl thatl isl basedl onl whichl ofl thel following? 2 / 3
A.l Age B.l Costl ofl carel C.l Policyl value D.l Premiuml cost
Answer:
Age
Q:l Whichl ofl thel followingl mustl bel givenl tol thel insurerl withinl 20l daysl afterl occurrencel orl commencementl ofl anyl lossl coveredl byl thel policy,l orl asl soonl thereafterl asl isl reasonablyl possible?A.l evidencel ofl insurability B.l noticel ofl claiml C.l proofl ofl loss D.l supportingl evidencel forl thel claim
Answer:
noticel ofl claim
Q:l Managedl carel plansl increasel efficiencyl byl alll ofl thel followingl meansl EXCEPT A.l increasingl beneficiaryl costl sharing.l B.l controllingl inpatientl admissionsl andl lengthl ofl stay.C.l selectivelyl contractingl withl healthl carel providers.D.l transferringl thel managementl ofl costsl tol thel insureds.
Answer:
transferringl thel managementl ofl costsl tol thel insureds.
Q:l Whichl ofl thel followingl isl anl examplel ofl al premiuml paymentl mode?
A.l annuall premiuml paymentl B.l paymentl byl check C.l automaticl deductionl ofl premium D.l $200l perl policyl year
Answer:
annuall premiuml payment
- / 3