XCEL TESTING SOLUTIONS LIFE AND
HEALTH FINAL PAPER 2026 QUESTIONS
AND FULL SOLUTIONS ALREADY PASSED
⩥ An insurer has a right to screen applicants for HIV in which of the
following ways ?. Answer: Blood test for HIV
⩥ When calculating the amount of life insurance needed for an income
earner , what has to be determined when using the Needs Approach ?.
Answer: The family's financial objectives if the income earner were to
die or become disabled
⩥ A clause that allows an insurer the right to terminate coverage at any
anniversary date is called a ( n ). Answer: conditionally renewability
clause
⩥ The term which describes the fact that both parties of a contract may
NOT receive the same value is referred to as. Answer: Aleatory
⩥ If an insured's age on a life insurance policy has been misstated , what
is the insurer's liability if the insured dies ?. Answer: A prorated death
benefit based on the amount of insurance the insured's premiums would
have been if purchased at the correct age
, ⩥ An applicant who pays the initial premium at the time of application is
typically given a ( n ). Answer: conditional receipt
⩥ Which of these statements concerning Traditional IRAS is CORRECT
?. Answer: Earnings are taxable when withdrawn
⩥ The deeds and actions of a producer indicate what kind of authority ?.
Answer: Apparent
⩥ Association Plans that are designed to provide health benefits to their
members are regulated by the state because. Answer: they are insured by
an authorized insurer
⩥ Which situation accurately describes a reduced paid - up nonforfeiture
option. Answer: Policy has a decreased face amount
⩥ A life insurance policyowner may sell their policy to a ( n ) _ in order
to receive a percentage of the policy's face value .. Answer: viatical
settlement provider
⩥ Who is protected with the " other insurance with this insurer "
provision ?. Answer: Insurance company
⩥ Question Lisa has recently bought a fixed annuity . Which of these is
considered to be a disadvantage of owning this type of annuity ?.
HEALTH FINAL PAPER 2026 QUESTIONS
AND FULL SOLUTIONS ALREADY PASSED
⩥ An insurer has a right to screen applicants for HIV in which of the
following ways ?. Answer: Blood test for HIV
⩥ When calculating the amount of life insurance needed for an income
earner , what has to be determined when using the Needs Approach ?.
Answer: The family's financial objectives if the income earner were to
die or become disabled
⩥ A clause that allows an insurer the right to terminate coverage at any
anniversary date is called a ( n ). Answer: conditionally renewability
clause
⩥ The term which describes the fact that both parties of a contract may
NOT receive the same value is referred to as. Answer: Aleatory
⩥ If an insured's age on a life insurance policy has been misstated , what
is the insurer's liability if the insured dies ?. Answer: A prorated death
benefit based on the amount of insurance the insured's premiums would
have been if purchased at the correct age
, ⩥ An applicant who pays the initial premium at the time of application is
typically given a ( n ). Answer: conditional receipt
⩥ Which of these statements concerning Traditional IRAS is CORRECT
?. Answer: Earnings are taxable when withdrawn
⩥ The deeds and actions of a producer indicate what kind of authority ?.
Answer: Apparent
⩥ Association Plans that are designed to provide health benefits to their
members are regulated by the state because. Answer: they are insured by
an authorized insurer
⩥ Which situation accurately describes a reduced paid - up nonforfeiture
option. Answer: Policy has a decreased face amount
⩥ A life insurance policyowner may sell their policy to a ( n ) _ in order
to receive a percentage of the policy's face value .. Answer: viatical
settlement provider
⩥ Who is protected with the " other insurance with this insurer "
provision ?. Answer: Insurance company
⩥ Question Lisa has recently bought a fixed annuity . Which of these is
considered to be a disadvantage of owning this type of annuity ?.
