PSI life, accident, and health Exam Questions with correct 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 - ANSWER-2 years
What is the return of premium rider?
A. an increasing amount of term insurance that always equals the total of premiumspaid 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 atany
point in time
D. a provision that states the insurer must return any premiums paid during the free-lookperiod -
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 EXCEPTA.
intermittent part-time nursing care;
B. physical, occupational, or speech therapy;C.
blood transfusions
D. medical social services; - ANSWER-blood transfusions
All of the following are classifications of risk EXCEPTA.
substandard
B. preferred
C. declined
D. non-nicotine - ANSWER-non-nicotine
Which of the following is exempted from the incontestability provision in insurancepolicies?
A. fraudulent misstatementsB.
pre-existing conditions C.
change in health
D. changes in the insurance code - ANSWER-fraudulent misstatements
A group conversion option may be used in all the following instances EXCEP