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PSI Life Exam Questions and Answers 100% Pass
Question 1: What kind of retirement plan can a 75-
employee for profit corporation establish?
CORRECT ANSWER: Simple IRA
Question 2: The taxable portion of a monthly income
benefit paid during the annuity phase from a nonqualified
annuity is calculated using the
CORRECT ANSWER: Exclusion ratio
Question 3: Unfair claims settlement methods and
practices by an insurance company include all of the
following acts EXCEPT
CORRECT ANSWER: failure to pay all claims that are
reported within 90 days after a loss occurs
Question 4: The settlement option that allows proceeds to
remain with the insurer and the earnings to be paid to the
beneficiary on a monthly basis is called
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