Practice for PSI-life, accident, and health Study Guide Exam with Verified Answers

Practice for PSI-life, accident, and health Study Guide Exam with Verified Answers How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? A. immediately B. 1 year C. 2 years D. At age 65 - CORRECT ANSWER-2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in the first two years and have premiums refunded C. an increasing amount of term insurance that equals the cash value of the policy at any point in time D. a provision that states the insurer must return any premiums paid during the free-look period - CORRECT ANSWER-an increasing amount of term insurance that always equals the total of premiums paid up to the current point In a home healthcare benefit, all of the following are eligible expenses EXCEPT A. intermittent part-time nursing care; B. physical, occupational, or speech therapy; C. blood transfusions D. medical social services; - CORRECT ANSWER-blood transfusions All of the following are classifications of risk EXCEPT A. substandard B. preferred C. declined D. non-nicotine - CORRECT ANSWER-non-nicotine Which of the following is exempted from the incontestability provision in insurance policies? A. fraudulent misstatements B. pre-existing conditions C. change in health D. changes in the insurance code - CORRECT ANSWER-fraudulent misstatements A group conversion option may be used in all the following instances EXCEPT A. the termination of the master policy