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PSI - NY Life, Accident and Health Practice Exam 17-55 | Comprehensive Practice Test | Questions & Expertly Verified Answers | 2026 – 2027 (Rated A+)

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PSI - NY Life, Accident and Health Practice Exam 17-55 | Comprehensive Practice Test | Questions & Expertly Verified Answers | 2026 – 2027 (Rated A+) Quiz_________________? 2 year period - ANSWER When the suicide clause is inserted in a life insurance contract, death by suicide is not covered during the policy's initial: Quiz_________________? 2 years - ANSWER How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? Quiz_________________? 10 - ANSWER States generally define a true "group" for insurance as requiring a minimum of how many participants? Quiz_________________? 100% - ANSWER In noncontributory plans, which percentage of eligible members must participate? Quiz_________________? a detailed and comprehensive summary of the accelerated benefit - ANSWER When a policy or certificate containing an accelerated benefit provision is applied for or delivered, the producer is responsible for providing that applicant a summary of coverage that includes all of the following EXCEPT Quiz_________________? a life-changing event, such as marriage, divorce, or childbirth - ANSWER A group conversion option may be used in all the following instances EXCEPT Quiz_________________? A patient's care is coordinated by an in-network primary care physician. - ANSWER Which of the following is TRUE of a point of service plan? Quiz_________________? a warranty is guaranteed to be true, a representation is believed to be true to the best of one's knowledge. - ANSWER How do warranties differ from representations? Quiz_________________? accidental death - ANSWER Which of the following policy types is considered double indemnity? Quiz_________________? age - ANSWER For an individual long-term care policy there is an annual dollar limit for tax deductions that is based on which of the following?

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Quiz_________________?

2 year period -

ANSWER✅

When the suicide clause is inserted in a life insurance contract, death by suicide is not
covered during the policy's initial:




Quiz_________________?

2 years -

ANSWER✅

How long after being entitled to disability benefits will an individual be eligible to receive
Medicare benefits?




Quiz_________________?

10 -

ANSWER✅

States generally define a true "group" for insurance as requiring a minimum of how many
participants?


1

, Quiz_________________?

100% -

ANSWER✅

In noncontributory plans, which percentage of eligible members must participate?




Quiz_________________?

a detailed and comprehensive summary of the accelerated benefit -

ANSWER✅

When a policy or certificate containing an accelerated benefit provision is applied for or
delivered, the producer is responsible for providing that applicant a summary of coverage
that includes all of the following EXCEPT




Quiz_________________?

a life-changing event, such as marriage, divorce, or childbirth -

ANSWER✅

A group conversion option may be used in all the following instances EXCEPT




Quiz_________________?

A patient's care is coordinated by an in-network primary care physician. -

ANSWER✅

Which of the following is TRUE of a point of service plan?




Quiz_________________?


2

, a warranty is guaranteed to be true, a representation is believed to be true to the best of
one's knowledge. -

ANSWER✅

How do warranties differ from representations?




Quiz_________________?

accidental death -

ANSWER✅

Which of the following policy types is considered double indemnity?




Quiz_________________?

age -

ANSWER✅

For an individual long-term care policy there is an annual dollar limit for tax deductions that
is based on which of the following?




Quiz_________________?

As life expectancy increases, the chances of needing long term care also increase -

ANSWER✅

Which is the major reason why long term care insurance is becoming increasingly
important?




Quiz_________________?

As soon as covered medical expenses are incurred, the policy begins to pay -

ANSWER✅



3

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