100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions with 100% Correct Answers $11.49   Add to cart

Exam (elaborations)

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions with 100% Correct Answers

 6 views  0 purchase
  • Course
  • Xcel
  • Institution
  • Xcel

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions with 100% Correct Answers The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT - Answer️️ -insurance sales calls Charities, political organizations, and surveys are all of...

[Show more]

Preview 4 out of 34  pages

  • August 30, 2024
  • 34
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Xcel
  • Xcel
avatar-seller
SophiaBennett
©SOPHIABENNETT@2024-2025 Monday, August 26, 2024 6:09 AM



Xcel Testing Solutions- Life and Health Insurance- Weighted
Exam- 150 Questions with 100% Correct Answers


The Do Not Call Registry offers exemptions for calls placed from all of the
following EXCEPT - 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 -
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) - 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 - Answer✔️✔️-Noncancellable


1

, ©SOPHIABENNETT@2024-2025 Monday, August 26, 2024 6:09 AM



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? - 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? - 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? -
Answer✔️✔️-Injury due to accident

Accidental injury is typically a covered peril in health insurance.

A viatical settlement contract is an agreement between - 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.




2

, ©SOPHIABENNETT@2024-2025 Monday, August 26, 2024 6:09 AM



Under the Affordable Care Act, how would a grandfathered health plan
lose its grandfathered status? - 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? - 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? - 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 -
Answer✔️✔️-an appointment




3

, ©SOPHIABENNETT@2024-2025 Monday, August 26, 2024 6:09 AM



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? -
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 - 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? - 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 -
Answer✔️✔️-65

Open enrollment for Medicare Supplements begins at the age the
individual becomes eligible for Medicare, which is typically age 65.




4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79373 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.49
  • (0)
  Add to cart