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XCEL TESTING SOLUTIONS- LIFE AND HEALTH INSURANCE- WEIGHTED EXAM- 150 QUESTIONS AND VERIFIED 100% SOLVED COMPLETED ANSWERS GRADED A+ $9.99   Add to cart

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XCEL TESTING SOLUTIONS- LIFE AND HEALTH INSURANCE- WEIGHTED EXAM- 150 QUESTIONS AND VERIFIED 100% SOLVED COMPLETED ANSWERS GRADED A+

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XCEL TESTING SOLUTIONS- LIFE AND HEALTH INSURANCE- WEIGHTED EXAM- 150 QUESTIONS AND VERIFIED 100% SOLVED COMPLETED ANSWERS GRADED A+ The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT insurance sales calls Charities, political organizations, and survey...

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  • May 13, 2024
  • 32
  • 2023/2024
  • Exam (elaborations)
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XCEL TESTING SOLUTIONS- LIFE AND HEALTH INSURANCE-

WEIGHTED EXAM- 150 QUESTIONS AND VERIFIED 100%

SOLVED COMPLETED ANSWERS GRADED A+


The Do Not Call Registry offers exemptions for calls placed from all of the

following EXCEPT

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

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)

,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

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?

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?

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?

Injury due to accident

Accidental injury is typically a covered peril in health insurance.

A viatical settlement contract is an agreement between

,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?

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?

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?

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

, 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?

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

Two years

Producer licenses are issued for periods of 2 years.

Bill requires some nursing care and supervision but NOT full-time care. Which of

these nursing home options would best serve him?

Assisted living

An assisted living facility would best suit an individual who needs some nursing care

and supervision but not full-time care.

The open enrollment period for Medicare Supplements begins at age

65

Open enrollment for Medicare Supplements begins at the age the individual becomes

eligible for Medicare, which is typically age 65.

Mark continues working after the age of 65 and is covered through his employer's

group health plan. Which of the following statements is TRUE?

Medicare is the secondary payer

If an individual continues to work after the age of 65 and keeps the group plan, primary

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