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CA PSI Site - Life, Accident and Health
Agent Examination 2025/2026 (LIFE
AGENT) COMPLETE ACCURATE
QUESTIONS AND CORRECT VERIFIED
ANSWERS WITH RATIONALES (A NEW
UPDATED VERSION
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
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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
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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
All of the following are used in determining life insurance rates,
except:
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A. Investment and interest return
B. Insurance company expenses
C. Mortality expenses
D. Policy reserves ......answer.....Policy Reserves
In the California Insurance Code there is a definition that reads, in
short, "....a person who, for a fee, offers to advise any insured
having any interest in life or disability insurance contracts..." This
is the definition of :
A. An insurance broker paid on a fee-for-service
B. A solicitor
C. A life and disability analyst ......answer.....C
CA PSI Site - Life, Accident and Health
Agent Examination 2025/2026 (LIFE
AGENT) COMPLETE ACCURATE
QUESTIONS AND CORRECT VERIFIED
ANSWERS WITH RATIONALES (A NEW
UPDATED VERSION
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
,2|Page
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
,3|Page
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
All of the following are used in determining life insurance rates,
except:
, 4|Page
A. Investment and interest return
B. Insurance company expenses
C. Mortality expenses
D. Policy reserves ......answer.....Policy Reserves
In the California Insurance Code there is a definition that reads, in
short, "....a person who, for a fee, offers to advise any insured
having any interest in life or disability insurance contracts..." This
is the definition of :
A. An insurance broker paid on a fee-for-service
B. A solicitor
C. A life and disability analyst ......answer.....C
