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Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions and Answers 100% Solved $11.99   Add to cart

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

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Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions and Answers 100% Solved 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 exemption...

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  • October 25, 2024
  • 37
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Xcel
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JOSHCLAY
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Xcel Testing Solutions- Life and Health

Insurance- Weighted Exam- 150

Questions and Answers 100% Solved


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.

,©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
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

,©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
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.

, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
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.

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