CA PSI Site - Life, Accident and Health Agent Examination
(Life Agent) | Most Recent Exam 2026 Actual Complete
Real Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Newest Exam | Just
Released!!
An annuity which may be used to help fund retirement in a few
years maintains
a "separate account". the owner purchases "accumulation
units". This is called
a ____ annuity. - ANSWER-
Variable
According to the terms of the suicide clause found in a life
insurance policy, if an insured commits suicide 6 months after
the policy is issued, what will the insurer do ? - ANSWER-
Refund all the premiums paid
What regard to the tax treatment of the death benefit in life
insurance is true? -
ANSWER-Death benefits are exempt
from taxation
A hospital confinement indemnity insurance policy pays: -
ANSWER-A daily
,dollar benefit for each day the insured is confined
to a hospital
Disability income insurance offers various riders to supplement
benefits from these policies. The Social Security rider: -
ANSWER-Helps establish a limit for the amount of income
benefits paid to an insured who will receive substantial benefits
that may or may not be paid from government programs.
Sam's insurance policy pays a dividend. the agent that sold
Sam the policy
refers to the shareholders of the company as "participating",
therefore it is a(n)
______________insurer. - ANSWER-Mutual
All of the following are examples of the dividend options
available on a whole
life insurance policy,
except:
A. One-year term
option
B. Application to reduce
premium
C. Paid-up
additions
D. Life income with period certain -
ANSWER-D
,A policy owner makes the last premium payment on his
$250,000 non-par whole life policy today. The owner is 70 years
of age. When will the cash value reach $250,000.
A. About 13 years from now
B. The cash value is $250,000 today
C. Never, he didn't pay up to age 100
D. When he reaches the age of 100 - ANSWER-D
Arnold and Bertha are married and work for different firms.
Arnold has group health insurance through his company that
also insures Bertha. Likewise Bertha has group health
insurance also covering Arnold. Select the correct statement
below about how benefits are affected by the coordination of
benefits provision in both plans.
A. If Bertha files a medical claim Arnold's company is
considered secondary.
B. If Arnold files a medical claim Bertha's company is
considered primary
C. First the secondary insurer will decide what it won't pay for
which will dictate what the primary insurer will pay
D. Since both Arnold and Bertha are covered by a group plan
neither insurer will pay if the other insurer is primary -
ANSWER-D
Ben is a life agent who would like to do business with the rock
Solid Insurance
, Company but he doesn't have an appointment to sell their
policies. Assuming Rock solid does not require exclusive
representation, can Ben submit an application to them from a
prospect ?
A. No, appointments are always required to be filed prior to
submitting applications.
B. Yes, and the application need not be approved by the
underwriting department.
C. Yes, and if the insurer approves the application they must
appoint Ben within 14 days.
D. All the above are false. - ANSWER-C
The license of an agent is considered inactive when:
A. All renewal fees are paid but there is a termination of all
appointments
B. The license has not been renewed
C. Transactions of insurance are no longer executed following a
1 year period.
D. - ANSWER-A
A health insurance contract states that if, during the first 30
days after the policy's effective date, an illness occurs, there
will be no benefits paid out of the policy. What is this period of
time called?
A. Probationary
period
(Life Agent) | Most Recent Exam 2026 Actual Complete
Real Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Newest Exam | Just
Released!!
An annuity which may be used to help fund retirement in a few
years maintains
a "separate account". the owner purchases "accumulation
units". This is called
a ____ annuity. - ANSWER-
Variable
According to the terms of the suicide clause found in a life
insurance policy, if an insured commits suicide 6 months after
the policy is issued, what will the insurer do ? - ANSWER-
Refund all the premiums paid
What regard to the tax treatment of the death benefit in life
insurance is true? -
ANSWER-Death benefits are exempt
from taxation
A hospital confinement indemnity insurance policy pays: -
ANSWER-A daily
,dollar benefit for each day the insured is confined
to a hospital
Disability income insurance offers various riders to supplement
benefits from these policies. The Social Security rider: -
ANSWER-Helps establish a limit for the amount of income
benefits paid to an insured who will receive substantial benefits
that may or may not be paid from government programs.
Sam's insurance policy pays a dividend. the agent that sold
Sam the policy
refers to the shareholders of the company as "participating",
therefore it is a(n)
______________insurer. - ANSWER-Mutual
All of the following are examples of the dividend options
available on a whole
life insurance policy,
except:
A. One-year term
option
B. Application to reduce
premium
C. Paid-up
additions
D. Life income with period certain -
ANSWER-D
,A policy owner makes the last premium payment on his
$250,000 non-par whole life policy today. The owner is 70 years
of age. When will the cash value reach $250,000.
A. About 13 years from now
B. The cash value is $250,000 today
C. Never, he didn't pay up to age 100
D. When he reaches the age of 100 - ANSWER-D
Arnold and Bertha are married and work for different firms.
Arnold has group health insurance through his company that
also insures Bertha. Likewise Bertha has group health
insurance also covering Arnold. Select the correct statement
below about how benefits are affected by the coordination of
benefits provision in both plans.
A. If Bertha files a medical claim Arnold's company is
considered secondary.
B. If Arnold files a medical claim Bertha's company is
considered primary
C. First the secondary insurer will decide what it won't pay for
which will dictate what the primary insurer will pay
D. Since both Arnold and Bertha are covered by a group plan
neither insurer will pay if the other insurer is primary -
ANSWER-D
Ben is a life agent who would like to do business with the rock
Solid Insurance
, Company but he doesn't have an appointment to sell their
policies. Assuming Rock solid does not require exclusive
representation, can Ben submit an application to them from a
prospect ?
A. No, appointments are always required to be filed prior to
submitting applications.
B. Yes, and the application need not be approved by the
underwriting department.
C. Yes, and if the insurer approves the application they must
appoint Ben within 14 days.
D. All the above are false. - ANSWER-C
The license of an agent is considered inactive when:
A. All renewal fees are paid but there is a termination of all
appointments
B. The license has not been renewed
C. Transactions of insurance are no longer executed following a
1 year period.
D. - ANSWER-A
A health insurance contract states that if, during the first 30
days after the policy's effective date, an illness occurs, there
will be no benefits paid out of the policy. What is this period of
time called?
A. Probationary
period
