EXAM REVIEW 2026 FOR PSI LIFE ACCIDENT AND
HEALTH 1ST: 100+ QUESTIONS AND 100% VERIFIED
ANSWERS | GRADED A+ | GUARANTEED PASS!!
A 75-year-old is the beneficiary of a $200,000 variable universal life policy. which
settlement option is least appropriate for this individual?
- answer-Straight Life Annuity
A company decides to purchase Key employee life insurance for its vice president
of operations. All of the following statements are correct except the
- answer-employee names the beneficiary.
A company formed in New York and doing business in California is known within
the state of California as
- answer-foreign, authorized.
A consumer report used to determine eligibility for insurance may include all of
the following EXCEPT.
- answer-medical underwriting exam.
A few small employers in the same industry join togetherr to become eligible for
group insurance. The type of health insurance they have created for each other is
known as
- answer-Multiple Employer Trust (MET)
A fraternal benefit society is one that
- answer-provides life insurance benefits to its members.
A health saving account can only be used with which type of pilicy?
- answer-High Deductible Health Plan (HDHP)
A life insurance producer must also have a securities license in order to sell.
- answer-Variable Universal Life.
A Long-Term care policy covers which of the following?
- answer-respite care
, A producer must deliver a prospectus to a proposed insured when selling which
policy?
- answer-Variable Life
ABC corporation purchases a key employee life policy on its VP or finance. which
is not true regarding the policy
- answer-The employee names the beneficiary.
ABC corporation purchases a key employee life policy on its VP or finance. which
is true regarding the policy
- answer-ABC is the applicant, ABC is the policy owner and The employee gives
his consent to be insured.
Adam is an insured under a major medical policy written through an HMO. When
he submits a claim, the policy would require him to do all of the following
EXCEPT?
- answer-pay the medical vendor and then submit a claim for reimbursement.
Adjustable life would not offer the policy owner flexibility in the
- answer-cash value investment vehicle.
all of the following are characteristics of variable whole life except?
- answer-there is no guaranteed minimum death benefit.
All of the following are required signatures on a life insurance application except
- answer-the minor in a juvenile policy.
all of the following are true regarding incomplete applications except
- answer-the incomplete application can be accepted with the missing information
added later.
An annuity that guarentees benefit payments for a specified number of years to the
annuitant or the named beneficiary is
- answer-an annuity certain.
An employee is laid off and converts a group health plan to an individual policy. In
this situation, the new policy
- answer-premium rate will be higher than the group rate.
HEALTH 1ST: 100+ QUESTIONS AND 100% VERIFIED
ANSWERS | GRADED A+ | GUARANTEED PASS!!
A 75-year-old is the beneficiary of a $200,000 variable universal life policy. which
settlement option is least appropriate for this individual?
- answer-Straight Life Annuity
A company decides to purchase Key employee life insurance for its vice president
of operations. All of the following statements are correct except the
- answer-employee names the beneficiary.
A company formed in New York and doing business in California is known within
the state of California as
- answer-foreign, authorized.
A consumer report used to determine eligibility for insurance may include all of
the following EXCEPT.
- answer-medical underwriting exam.
A few small employers in the same industry join togetherr to become eligible for
group insurance. The type of health insurance they have created for each other is
known as
- answer-Multiple Employer Trust (MET)
A fraternal benefit society is one that
- answer-provides life insurance benefits to its members.
A health saving account can only be used with which type of pilicy?
- answer-High Deductible Health Plan (HDHP)
A life insurance producer must also have a securities license in order to sell.
- answer-Variable Universal Life.
A Long-Term care policy covers which of the following?
- answer-respite care
, A producer must deliver a prospectus to a proposed insured when selling which
policy?
- answer-Variable Life
ABC corporation purchases a key employee life policy on its VP or finance. which
is not true regarding the policy
- answer-The employee names the beneficiary.
ABC corporation purchases a key employee life policy on its VP or finance. which
is true regarding the policy
- answer-ABC is the applicant, ABC is the policy owner and The employee gives
his consent to be insured.
Adam is an insured under a major medical policy written through an HMO. When
he submits a claim, the policy would require him to do all of the following
EXCEPT?
- answer-pay the medical vendor and then submit a claim for reimbursement.
Adjustable life would not offer the policy owner flexibility in the
- answer-cash value investment vehicle.
all of the following are characteristics of variable whole life except?
- answer-there is no guaranteed minimum death benefit.
All of the following are required signatures on a life insurance application except
- answer-the minor in a juvenile policy.
all of the following are true regarding incomplete applications except
- answer-the incomplete application can be accepted with the missing information
added later.
An annuity that guarentees benefit payments for a specified number of years to the
annuitant or the named beneficiary is
- answer-an annuity certain.
An employee is laid off and converts a group health plan to an individual policy. In
this situation, the new policy
- answer-premium rate will be higher than the group rate.
