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Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 ACTUAL EXAM 500 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+$12.49
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Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 ACTUAL EXAM 500 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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Course
Xcel
Institution
Xcel
Xcel Testing Solutions- Life and Health
Insurance- Weighted Exam- 150 ACTUAL
EXAM 500 QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+
The Do Not Call Registry offers exemptions for calls placed from all of the
following EXCEPT - CORRECT ANSWER insurance sales calls
C...
Xcel Testing Solutions- Life and Health
Insurance- Weighted Exam- 150 ACTUAL
EXAM 500 QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+
The Do Not Call Registry offers exemptions for calls placed from all of the
following EXCEPT - CORRECT ANSWER insurance sales calls
Charities, political organizations, and surveys are all offered exemptions from The
Do Not Call Registry
The type of policy where the insurer can send a notice to the insured that the
policy has been cancelled in the middle of the term is called - CORRECT ANSWER
cancelable
The renewability provision in a cancelable policy allows the insurer to cancel or
terminate the policy at any time, simply by providing written notification to the
insured and refunding any advance premium that has been paid.
Barbara's policy includes a rider which allows her to purchase additional insurance
at specific dates or events without evidence of insurability. This rider is called a(n)
- CORRECT ANSWER Guaranteed insurability rider
A guaranteed insurability rider allows for the insured to purchase additional
insurance at specific dates or events without evidence of insurability.
Disability Income plans which require that the insurer can NEVER change or alter
premium rates are usually considered - CORRECT ANSWER Noncancellable
,A noncancellable policy cannot be cancelled nor can its premium rates be
increased under any circumstances.
In what part of an insurance policy are policy benefits found? - CORRECT ANSWER
Declarations
Essentially, the insurance declaration page is like a quick guide to the insurance
policy, providing all of the basic information the policyholder needs to know.
What happens if the insurer discovers that the insured's age was accidentally
misstated on an application for an individual life insurance policy? - CORRECT
ANSWER Benefits will be calculated according to how much coverage the
premium paid would have purchased for the correct age
Benefits will be calculated according to how much coverage the premium paid
would have purchased for the correct age.
Health insurance will typically cover which of the following perils? - CORRECT
ANSWER Injury due to accident
Accidental injury is typically a covered peril in health insurance.
A viatical settlement contract is an agreement between - CORRECT ANSWER A
life insurance policyowner and a viatical settlement provider
A viatical settlement contract is an agreement between a life insurance
policyowner and a viatical settlement provider.
Under the Affordable Care Act, how would a grandfathered health plan lose its
grandfathered status? - CORRECT ANSWER The insurer significantly raises co-
insurance charges, deductibles, or co-payment charges
, According to the Affordable Care Act, grandfathered health plans may lose their
grandfathered status if the insurer significantly raises co-insurance charges,
deductibles, or co-payment charges
Which of these techniques will remove the risk of losing money in the stock
market by never purchasing stocks? - CORRECT ANSWER Risk avoidance
Risk avoidance could eliminate the risk of losing money in the stock market by
never investing in stocks.
Which of the following nursing home options would BEST suit an individual who
needs some nursing care and supervision but NOT full-time care? - CORRECT
ANSWER Assisted living facilities
An assisted living facility would best suit an individual who needs some nursing
care and supervision but not full-time care.
Under Louisiana law, the agreement between an insurance producer and insurer
under which the insurance producer, for compensation, may sell, solicit, or
negotiate policies issued by the insurer is defined as - CORRECT ANSWER an
appointment
The agreement between an insurance producer and insurer under which the
insurance producer, for compensation, may sell, solicit, or negotiate policies
issued by the insurer is called an appointment.
Which of these would NOT be considered a presumptive disability? - CORRECT
ANSWER Loss of a leg or arm
The loss of ONE arm or a leg is NOT considered a presumptive disability.
A producer's license in Louisiana must be renewed every - CORRECT ANSWER
Two years
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