XCEL TESTING SOLUTIONS LIFE AND HEALTH
EXAM REVIEW 2026 COMPLETE 150
QUESTIONS AND VERIFIED ANSWERS GRADED
A+
◉ The investment gains from a universal life policy usually go to.
Answer: The cash value
◉ L takes out a life insurance policy and dies 10 years later. During
the claim process, the insurer finds out that the applicant misstated
their age. What will the insurer do?. Answer: Adjust the death
benefit to a reduced amount
◉ An employee is covered under a company group life plan with a
$50,000 death benefit. What is the Maximum amount a spouse may
be insured for under this program. Answer: $25,000
◉ M is insured under a basic hospital/surgical expense policy. A
physician performs surgery on M. What determines the claim M is
eligible for. Answer: Determined by the terms of the policy
◉ A(n)__-_-_-_-_-_-_-_ beneficiary may be changed by the policy
owner without the consent of the beneficiary. Answer: Revocable
,◉ What is the MINIMUM benefit period that must be offered by a
long term care policy. Answer: 12 months
◉ To terminate an agent's appointment, an insurance company
must. Answer: Send termination notice to the Texas Department of
Insurance
◉ An agent gives a conditional receipt to a client for an insurance
policy after collecting the initial premium. When will the policy
become effective?. Answer: When the conditions of the receipt are
met
◉ Which of the following costs would a Basic Hospital/Surgical
policy cover?. Answer: Surgically removing a facial birthmark
◉ Which of the following statements is CORRECT about an agent
who is taking an insurance application. Answer: The agent should
have the applicant initial any changes made on the application
◉ Which statement is true about a whole life policy. Answer: Cash
value may be borrowed against
◉ How long does an insurance company appointment remain in
force. Answer: Until terminated
,◉ Which of the following statements about health coverage for
newborns is NOT true?. Answer: Coverage is LIMITED to only
congenital defects
◉ Medicare Part A and Part B do NOT pay for. Answer: Dental care
◉ An insurance company receives E's application for an individual
health policy. E did not complete all of the medical history questions
because she could not remember the exact dates. E signed the policy
and submitted it to the insurance company anyway. A few weeks
later, E suffers a heart attack and is hospitalized without completing
the medical history questions and paying the initial premium. E is
not insured. Which of the following clauses details the conditions
that E did not meet?. Answer: Consideration clause
◉ The percentage of an individuals primary insurance amount
determines the benefits paid in which of the following programs.
Answer: Social Security Disability Income
◉ Q is severely injured in an automobile accident and becomes
totally disabled. How many months must Q be disabled before being
able to apply for Social Security disability benefits?. Answer: 5
months
, ◉ After an insured gives notice of loss, what must he/she do if the
insurer does not furnish forms. Answer: File written proof of loss
◉ Which of the following types of care is typically not covered in a
long term care policy. Answer: acupuncture
◉ Which of these does not constitute policy delivery. Answer: Policy
issued with a rating
◉ Which type of plan normally includes hospice benefits. Answer:
Managed care plans
◉ Non-occupational disability coverage is designed for. Answer:
Employees who suffer non work related disabilities, since work
related disabilities are covered by workers compensation
◉ A policy of adhesion can only be modified by whom. Answer: The
insurance company
◉ G is an accountant who has ten employees and is concerned about
how the business would survive financially if G became disabled.
The type of policy which best addresses this concern is:. Answer:
Business overhead expense
EXAM REVIEW 2026 COMPLETE 150
QUESTIONS AND VERIFIED ANSWERS GRADED
A+
◉ The investment gains from a universal life policy usually go to.
Answer: The cash value
◉ L takes out a life insurance policy and dies 10 years later. During
the claim process, the insurer finds out that the applicant misstated
their age. What will the insurer do?. Answer: Adjust the death
benefit to a reduced amount
◉ An employee is covered under a company group life plan with a
$50,000 death benefit. What is the Maximum amount a spouse may
be insured for under this program. Answer: $25,000
◉ M is insured under a basic hospital/surgical expense policy. A
physician performs surgery on M. What determines the claim M is
eligible for. Answer: Determined by the terms of the policy
◉ A(n)__-_-_-_-_-_-_-_ beneficiary may be changed by the policy
owner without the consent of the beneficiary. Answer: Revocable
,◉ What is the MINIMUM benefit period that must be offered by a
long term care policy. Answer: 12 months
◉ To terminate an agent's appointment, an insurance company
must. Answer: Send termination notice to the Texas Department of
Insurance
◉ An agent gives a conditional receipt to a client for an insurance
policy after collecting the initial premium. When will the policy
become effective?. Answer: When the conditions of the receipt are
met
◉ Which of the following costs would a Basic Hospital/Surgical
policy cover?. Answer: Surgically removing a facial birthmark
◉ Which of the following statements is CORRECT about an agent
who is taking an insurance application. Answer: The agent should
have the applicant initial any changes made on the application
◉ Which statement is true about a whole life policy. Answer: Cash
value may be borrowed against
◉ How long does an insurance company appointment remain in
force. Answer: Until terminated
,◉ Which of the following statements about health coverage for
newborns is NOT true?. Answer: Coverage is LIMITED to only
congenital defects
◉ Medicare Part A and Part B do NOT pay for. Answer: Dental care
◉ An insurance company receives E's application for an individual
health policy. E did not complete all of the medical history questions
because she could not remember the exact dates. E signed the policy
and submitted it to the insurance company anyway. A few weeks
later, E suffers a heart attack and is hospitalized without completing
the medical history questions and paying the initial premium. E is
not insured. Which of the following clauses details the conditions
that E did not meet?. Answer: Consideration clause
◉ The percentage of an individuals primary insurance amount
determines the benefits paid in which of the following programs.
Answer: Social Security Disability Income
◉ Q is severely injured in an automobile accident and becomes
totally disabled. How many months must Q be disabled before being
able to apply for Social Security disability benefits?. Answer: 5
months
, ◉ After an insured gives notice of loss, what must he/she do if the
insurer does not furnish forms. Answer: File written proof of loss
◉ Which of the following types of care is typically not covered in a
long term care policy. Answer: acupuncture
◉ Which of these does not constitute policy delivery. Answer: Policy
issued with a rating
◉ Which type of plan normally includes hospice benefits. Answer:
Managed care plans
◉ Non-occupational disability coverage is designed for. Answer:
Employees who suffer non work related disabilities, since work
related disabilities are covered by workers compensation
◉ A policy of adhesion can only be modified by whom. Answer: The
insurance company
◉ G is an accountant who has ten employees and is concerned about
how the business would survive financially if G became disabled.
The type of policy which best addresses this concern is:. Answer:
Business overhead expense
