1
CA PSI Life, Accident, and Health (Life Agent) Exam –
2025 REAL EXAM WITH 200 VERIFIED QUESTIONS ||
100% GUARANTEED PASS
Description:
This document contains the 2025 version of the California PSI Life Agent Exam for Life, Accident, and Health or
Sickness, featuring 200 real and verified questions. All answers are accurate and up-to-date, aligned with current
California insurance regulations. Ideal for candidates preparing for the Life Agent license exam, this material helps
ensure full exam readiness and maximizes your chance of passing on the first try.
Keywords:
California PSI life agent exam
CA insurance license test
life accident health exam CA
2025 PSI real exam questions
CA life insurance test prep
PSI life health agent questions
life agent license California
verified insurance exam answers
1. What is the primary purpose of a life insurance policy?
A) To provide investment returns
B) To pay benefits upon the death of the insured
, 2
C) To cover medical expenses
D) To cover property loss
Answer: B) To pay benefits upon the death of the insured
2. Which of the following is NOT a characteristic of term life insurance?
A) Provides coverage for a specific period
B) Has no cash value accumulation
C) Premiums remain level for the term
D) Typically more expensive than whole life insurance
Answer: D) Typically more expensive than whole life insurance
3. In an insurance contract, what is consideration?
A) The promise to pay claims
B) The exchange of value between parties
C) The policy owner's right to cancel
D) The insurer's promise to renew
Answer: B) The exchange of value between parties
4. What is the free-look period in a life insurance policy?
A) The time the insurer has to issue a policy
B) The period to cancel the policy for a full refund
C) The time when the beneficiary is designated
, 3
D) The underwriting period
Answer: B) The period to cancel the policy for a full refund
5. Which of the following riders allows the insured to increase coverage without evidence of
insurability?
A) Waiver of premium
B) Guaranteed insurability
C) Accidental death benefit
D) Accelerated death benefit
Answer: B) Guaranteed insurability
6. What type of policy pays dividends to policyholders?
A) Term life
B) Participating whole life
C) Universal life
D) Variable life
Answer: B) Participating whole life
7. Which policy feature allows the policyowner to borrow against the cash value?
A) Nonforfeiture options
B) Dividend options
C) Policy loan provision
, 4
D) Accelerated benefit
Answer: C) Policy loan provision
8. How does an accidental death benefit rider work?
A) It pays an additional benefit if death results from an accident
B) It waives premiums if the insured is disabled
C) It accelerates the death benefit in case of terminal illness
D) It increases the death benefit annually
Answer: A) It pays an additional benefit if death results from an accident
9. What is the incontestability clause?
A) A period during which the insurer may deny claims for misstatements
B) The time when the policy can be cancelled by the owner
C) The clause that guarantees the insurer cannot deny claims after a specified period
D) The clause that defines beneficiary rights
Answer: C) The clause that guarantees the insurer cannot deny claims after a specified period
10. Which of the following is NOT required to be included in a life insurance policy
illustration?
A) Projected premiums
B) Cash value projections
C) Guaranteed and nonguaranteed elements
CA PSI Life, Accident, and Health (Life Agent) Exam –
2025 REAL EXAM WITH 200 VERIFIED QUESTIONS ||
100% GUARANTEED PASS
Description:
This document contains the 2025 version of the California PSI Life Agent Exam for Life, Accident, and Health or
Sickness, featuring 200 real and verified questions. All answers are accurate and up-to-date, aligned with current
California insurance regulations. Ideal for candidates preparing for the Life Agent license exam, this material helps
ensure full exam readiness and maximizes your chance of passing on the first try.
Keywords:
California PSI life agent exam
CA insurance license test
life accident health exam CA
2025 PSI real exam questions
CA life insurance test prep
PSI life health agent questions
life agent license California
verified insurance exam answers
1. What is the primary purpose of a life insurance policy?
A) To provide investment returns
B) To pay benefits upon the death of the insured
, 2
C) To cover medical expenses
D) To cover property loss
Answer: B) To pay benefits upon the death of the insured
2. Which of the following is NOT a characteristic of term life insurance?
A) Provides coverage for a specific period
B) Has no cash value accumulation
C) Premiums remain level for the term
D) Typically more expensive than whole life insurance
Answer: D) Typically more expensive than whole life insurance
3. In an insurance contract, what is consideration?
A) The promise to pay claims
B) The exchange of value between parties
C) The policy owner's right to cancel
D) The insurer's promise to renew
Answer: B) The exchange of value between parties
4. What is the free-look period in a life insurance policy?
A) The time the insurer has to issue a policy
B) The period to cancel the policy for a full refund
C) The time when the beneficiary is designated
, 3
D) The underwriting period
Answer: B) The period to cancel the policy for a full refund
5. Which of the following riders allows the insured to increase coverage without evidence of
insurability?
A) Waiver of premium
B) Guaranteed insurability
C) Accidental death benefit
D) Accelerated death benefit
Answer: B) Guaranteed insurability
6. What type of policy pays dividends to policyholders?
A) Term life
B) Participating whole life
C) Universal life
D) Variable life
Answer: B) Participating whole life
7. Which policy feature allows the policyowner to borrow against the cash value?
A) Nonforfeiture options
B) Dividend options
C) Policy loan provision
, 4
D) Accelerated benefit
Answer: C) Policy loan provision
8. How does an accidental death benefit rider work?
A) It pays an additional benefit if death results from an accident
B) It waives premiums if the insured is disabled
C) It accelerates the death benefit in case of terminal illness
D) It increases the death benefit annually
Answer: A) It pays an additional benefit if death results from an accident
9. What is the incontestability clause?
A) A period during which the insurer may deny claims for misstatements
B) The time when the policy can be cancelled by the owner
C) The clause that guarantees the insurer cannot deny claims after a specified period
D) The clause that defines beneficiary rights
Answer: C) The clause that guarantees the insurer cannot deny claims after a specified period
10. Which of the following is NOT required to be included in a life insurance policy
illustration?
A) Projected premiums
B) Cash value projections
C) Guaranteed and nonguaranteed elements
