XCEL TESTING SOLUTIONS- LIFE AND HEALTH INSURANCE- WEIGHTED EXAM 2024/2025
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XCEL LIFE AND HEALTH INSURANCE-
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XCEL LIFE AND HEALTH INSURANCE-
XCEL TESTING SOLUTIONS- LIFE AND HEALTH INSURANCE- WEIGHTED EXAM 2024/2025
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XCEL TESTING SOLUTIONS- LIFE AND
HEALTH INSURANCE- WEIGHTED EXAM
2024/2025
The Do Not Call Registry offers exemptions for calls placed from all of
the following EXCEPT - Precise 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 - Precise
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) - Precise 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 - Precise 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? - Precise
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? - Precise 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? -
Precise Answer ✔✔Injury due to accident
Accidental injury is typically a covered peril in health insurance.
A viatical settlement contract is an agreement between - Precise 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? - Precise 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? - Precise 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? - Precise 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 - Precise
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? -
Precise 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 - Precise
Answer ✔✔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? - Precise
Answer ✔✔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 -
Precise Answer ✔✔65
Open enrollment for Medicare Supplements begins at the age the
individual becomes eligible for Medicare, which is typically age 65.
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