FLORIDA 2-15 XCEL LIFE & HEALTH STATE EXAM
SIMULATOR 2026 ALL QUESTIONS AND VERIFIED
ANSWERS | ALREADY A GRADED | NEW AND
REVISED
1. what is considered to be a characteristic of an immediate annuity: benefit
payments start within one payment period of purchase
2. which of these characteristics is consistent with a straight life policy:
premiums are payable for as long as there is insurance coverage in force
3. an insureds inability to perform two or more activities of daily living
may trigger which type of life policy rider: long term care
4. B recently died and was insured with a life insurance policy for over five
years. During the claims process, the insurer discovered that B had
understated his age by 5 years at the time of application. In this situation, the
insurer will: pay the amount that the premium would have purchased at the correct age
5. what action can a policyowner take if an application for a bank loan
requires collateral: assign policy ownership to the bank
6. what is required in the Florida Employee Health Care Access Act: small group
benefit plans are to be issued on a guarantee issue basis
7. P is a forty year old woman and would like to purchase an annuity that will
provide a lifetime income stream beginning at age sixty. Which of the
following did she NOT buy?: an immediate annuity
8. the situation in which a group of physicians are salaried employees
and conduct business in an hmo facility is called: closed panel
9. T sends proof of loss to her insurer for an acceptable medical expense
claim under her individual Health Insurance policy. Upon receipt, the
insurer must pay the benefits: immediately
,10. an application for medicare supplement coverage may not be denied
by the insurer if the application was submitted within month(s) after
the applicant reaches the age 65: six
11. when a policyowner cash surrenders a universal life insurance policy in
its early years, this may be considered a red flag for a(n): anti money laundering
violation
12. When is a Group Health policy required to provide coverage for a
newborn child?: at the moment of birth
13. which of the following situations does not apply to the florida
replacement rule: an existing policyholder purchases an additional policy from the same insurer
, 14. under a renewable term policy: the renewal premium is calculated on the basis of the insured's
attained age
15. D owns a Whole Life policy that was purchased 10 years ago. If the
premium payments suddenly stop and D takes no additional action, which
Nonforfeiture Option will the insurer likely proceed with?: extended term
16. In Florida, which employee is eligible for an employer's group term
life plan?: employee who works more than 40 hours per week
17. which of the following statements is correct regarding an
employer/employ- ee group health plan: the employer receives a master policy and the employees
receive certificates
18. all of the following statements regarding a tax sheltered annuity (tsa) are
true except: income derived from the tsa is received income tax free
19. How would a contingent beneficiary receive the policy proceeds in an
Acci- dental Death and Dismemberment (AD&D) policy?: if the primary beneficiary dies
before the insured
20. A student pilot can pay regular premium costs for her life insurance
policy with the addition of which of the following?: aviation exclusion
21. which of these statements is incorrect regarding a preferred provider orga-
nization (ppo)?: ppos are not a type of managed care systems
22. which of the following is considered an accurate statement of an unfair
trade practice?: twisting involves an agent using misrepresentation to convince a policyowner to cancel their
current policy so that they can purchase a new life insurance policy with another company
23. what is floridas definition of life insurance replacement: a transaction in which a
new policy is bought and an old policy is terminated
24. a sole proprietor may use this plan only if the employees of this business
are included: keogh pension plan
25. a primary beneficiary has died before the insured in a life insurance policy.
a contingent beneficiary is also named in the policy. which of the following
SIMULATOR 2026 ALL QUESTIONS AND VERIFIED
ANSWERS | ALREADY A GRADED | NEW AND
REVISED
1. what is considered to be a characteristic of an immediate annuity: benefit
payments start within one payment period of purchase
2. which of these characteristics is consistent with a straight life policy:
premiums are payable for as long as there is insurance coverage in force
3. an insureds inability to perform two or more activities of daily living
may trigger which type of life policy rider: long term care
4. B recently died and was insured with a life insurance policy for over five
years. During the claims process, the insurer discovered that B had
understated his age by 5 years at the time of application. In this situation, the
insurer will: pay the amount that the premium would have purchased at the correct age
5. what action can a policyowner take if an application for a bank loan
requires collateral: assign policy ownership to the bank
6. what is required in the Florida Employee Health Care Access Act: small group
benefit plans are to be issued on a guarantee issue basis
7. P is a forty year old woman and would like to purchase an annuity that will
provide a lifetime income stream beginning at age sixty. Which of the
following did she NOT buy?: an immediate annuity
8. the situation in which a group of physicians are salaried employees
and conduct business in an hmo facility is called: closed panel
9. T sends proof of loss to her insurer for an acceptable medical expense
claim under her individual Health Insurance policy. Upon receipt, the
insurer must pay the benefits: immediately
,10. an application for medicare supplement coverage may not be denied
by the insurer if the application was submitted within month(s) after
the applicant reaches the age 65: six
11. when a policyowner cash surrenders a universal life insurance policy in
its early years, this may be considered a red flag for a(n): anti money laundering
violation
12. When is a Group Health policy required to provide coverage for a
newborn child?: at the moment of birth
13. which of the following situations does not apply to the florida
replacement rule: an existing policyholder purchases an additional policy from the same insurer
, 14. under a renewable term policy: the renewal premium is calculated on the basis of the insured's
attained age
15. D owns a Whole Life policy that was purchased 10 years ago. If the
premium payments suddenly stop and D takes no additional action, which
Nonforfeiture Option will the insurer likely proceed with?: extended term
16. In Florida, which employee is eligible for an employer's group term
life plan?: employee who works more than 40 hours per week
17. which of the following statements is correct regarding an
employer/employ- ee group health plan: the employer receives a master policy and the employees
receive certificates
18. all of the following statements regarding a tax sheltered annuity (tsa) are
true except: income derived from the tsa is received income tax free
19. How would a contingent beneficiary receive the policy proceeds in an
Acci- dental Death and Dismemberment (AD&D) policy?: if the primary beneficiary dies
before the insured
20. A student pilot can pay regular premium costs for her life insurance
policy with the addition of which of the following?: aviation exclusion
21. which of these statements is incorrect regarding a preferred provider orga-
nization (ppo)?: ppos are not a type of managed care systems
22. which of the following is considered an accurate statement of an unfair
trade practice?: twisting involves an agent using misrepresentation to convince a policyowner to cancel their
current policy so that they can purchase a new life insurance policy with another company
23. what is floridas definition of life insurance replacement: a transaction in which a
new policy is bought and an old policy is terminated
24. a sole proprietor may use this plan only if the employees of this business
are included: keogh pension plan
25. a primary beneficiary has died before the insured in a life insurance policy.
a contingent beneficiary is also named in the policy. which of the following
