CA- PSI- Life, Accident & Health Exam 2025 Questions and Answers
CA- PSI- Life, Accident & Health Exam 2025 Questions and Answers
Course:
California Life and Health
Institution:
California Life and Health
CA- PSI- Life, Accident & Health Exam 2025 Questions and Answers
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Uploaded on: | September 14, 2025 |
Last updated: | September 16, 2025 |
Number of pages: | 7 |
Written in: | 2025/2026 |
Type: | Exam (elaborations) |
Contains: | Questions & Answers |
Tags: | CA- PSI- Life, Accident & Health Exam 2025 Questions and Answers |
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CA- PSI- Life, Accident & Health Exam 2025 Questions and Answers Reduced Paid Up - --CORRECT ANSWER--Nonforfeiture option provides new whole life policy at reduced face amount of protection. Provides coverage for longest time. Extended Term - --CORRECT ANSWER--Nonforfeiture option provides new TERM policy with same face amount of coverage as original policy Guaranteed Lifetime Withdrawal - --CORRECT ANSWER--Annuity rider that assures owner will at least get amount paid for the annuity Guaranteed Minimum Income - --CORRECT ANSWER--Rider that guarantees you will get a set amount annually Paid-Up Additions - --CORRECT ANSWER--Increase the death benefit of the original policy by the amount the dividend will buy Needs Approach - --CORRECT ANSWER--The predicted needs of a family after the premature death of the insured ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1