NS (LIFE
Complete
& HEALTH)
review
FINAL
with 150
chapter-based
QUESTIONquestions
PRACTICEandEXAM.pdf=
accurate
Page answers.
1Includes
of 16 2026//2027
accurately XCELL
reviewed
TESTING
questions
SOLUTIONS
and verified (LIFE
answers.
& HEALTH
XCELL TESTING SOLUTIONS (LIFE &
HEALTH) FINAL 150 QUESTION
PRACTICE EXAM
A "reimbursement policy" pays what amount of covered Long-Term Care expenses? - Actual covered
expenses up to the daily maximum
A Business Overhead Expense policy would cover which of the following if a business owner becomes
disabled? - Utilities and office rent
A CEO's personal assistant suffered injuries at home and as a result, was unable to work for four months.
Which type of policy will pay a monthly benefit to the personal assistant? - Disability income
A comprehensive major medical health insurance policy contains an Eligible Expenses provision which
identifies the types of health care services that are covered. All of the following health care services are
typically covered EXCEPT for - experimental and investigative services
A creditor who requires a debtor to obtain insurance from a particular company or agent as a condition
for a loan is guilty of - coercion
A level premium indicates - the premium is fixed for the entire duration of the contract
A life insurance application must be signed by all of these EXCEPT - beneficiary
A life policy with a death benefit that can fluctuate according to the performance of its underlying
investment portfolio is referred to as - Variable Life
A Limited-Pay Life policy has - premium payments limited to a specified number of years
2026-2027:
XCELLXCELL
TESTING
TESTING
SOLUTIONS
SOLUTIONS
(LIFE(LIFE
& HEALTH)
& HEALTH)
Page
FINAL
1FINAL
of
15016QUESTION
150 QUESTION
PRACTICE
PRACTICE
EXAM.pdf-
EXAM(exam preparation).
,NS (LIFE
Complete
& HEALTH)
review
FINAL
with 150
chapter-based
QUESTIONquestions
PRACTICEandEXAM.pdf=
accurate
Page answers.
2Includes
of 16 2026//2027
accurately XCELL
reviewed
TESTING
questions
SOLUTIONS
and verified (LIFE
answers.
& HEALTH
A major medical policy typically - provides benefits for reasonable and necessary medical expenses,
subject to policy limits
A physician opens up a new practice and qualifies for a $7,000/month Disability Income policy. What
rider would the physician add if he wants the ability to increase his policy benefit as his practice and
income grow? - Guaranteed Insurability Option rider
A policy loan is made possible by which of these life insurance policy features? - cash value provision
A policy of adhesion can only be modified by whom? - The insurance company
A policy owner is able to choose the frequency of premium payments through what policy feature? -
Premium Mode
A policyowner's rights are limited under which beneficiary designation? - Irrevcocable
A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a
faster rate in the early years of the policy. Which of these statements made by the producer would be
correct? - 20-Pay Life accumulates cash value faster than Straight Life
A stock insurance company is owned by it's - stockholders
According to the Time Payment of Claims provision, the insurer must pay Disability Income benefits no
less frequently than which of the following options? - monthly
All of the following are requirements to become an insurance producer in the state of Arkansas except: -
Graduate High School
All of these are considered sources of underwriting information about an applicant EXCEPT - rating
services
2026-2027:
XCELLXCELL
TESTING
TESTING
SOLUTIONS
SOLUTIONS
(LIFE(LIFE
& HEALTH)
& HEALTH)
Page
FINAL
2FINAL
of
15016QUESTION
150 QUESTION
PRACTICE
PRACTICE
EXAM.pdf-
EXAM(exam preparation).
,NS (LIFE
Complete
& HEALTH)
review
FINAL
with 150
chapter-based
QUESTIONquestions
PRACTICEandEXAM.pdf=
accurate
Page answers.
3Includes
of 16 2026//2027
accurately XCELL
reviewed
TESTING
questions
SOLUTIONS
and verified (LIFE
answers.
& HEALTH
All of these are considered sources of underwriting information about an applicant EXCEPT - Rating
Services
All of these are considered to be a benefit under Social Security EXCEPT for - unemployment
All of these insurance products require an agent to have proper FINRA securities registration in order to
sell them EXCEPT for - Modified Whole Life
All of these statements about the Waiver of Premium provision are correct EXCEPT - Insured must be
eligible for Social Security disability for claim to be accepted
All students attending a large university could be covered by - A blanket policy
An agent gives a conditional receipt to a client for an insurance policy after collecting the initial
premium. When will the policy become effective? - When the conditions of the receipt are met
An alien insurance company is defined as one formed in - Europe
An immediate annuity consists of a - single premium
An individual Disability Income insurance applicant may be required to submit all of the following
information EXCEPT - spouse's occupation
An individual has a Major Medical policy with a $5,000 deductible and an 80/20 Coinsurance clause.
How much will the INSURED have to pay if a total of $15,000 in covered medical expenses are incurred?
- $7,000
An individual who purchases a Life annuity is given protection against - the risk of living longer than
expected
An insurance agent who convinces a prospective insured to purchase a policy by exaggerating the
benefits of the policy may be found guilty of - misrepresentation
2026-2027:
XCELLXCELL
TESTING
TESTING
SOLUTIONS
SOLUTIONS
(LIFE(LIFE
& HEALTH)
& HEALTH)
Page
FINAL
3FINAL
of
15016QUESTION
150 QUESTION
PRACTICE
PRACTICE
EXAM.pdf-
EXAM(exam preparation).
Complete
& HEALTH)
review
FINAL
with 150
chapter-based
QUESTIONquestions
PRACTICEandEXAM.pdf=
accurate
Page answers.
1Includes
of 16 2026//2027
accurately XCELL
reviewed
TESTING
questions
SOLUTIONS
and verified (LIFE
answers.
& HEALTH
XCELL TESTING SOLUTIONS (LIFE &
HEALTH) FINAL 150 QUESTION
PRACTICE EXAM
A "reimbursement policy" pays what amount of covered Long-Term Care expenses? - Actual covered
expenses up to the daily maximum
A Business Overhead Expense policy would cover which of the following if a business owner becomes
disabled? - Utilities and office rent
A CEO's personal assistant suffered injuries at home and as a result, was unable to work for four months.
Which type of policy will pay a monthly benefit to the personal assistant? - Disability income
A comprehensive major medical health insurance policy contains an Eligible Expenses provision which
identifies the types of health care services that are covered. All of the following health care services are
typically covered EXCEPT for - experimental and investigative services
A creditor who requires a debtor to obtain insurance from a particular company or agent as a condition
for a loan is guilty of - coercion
A level premium indicates - the premium is fixed for the entire duration of the contract
A life insurance application must be signed by all of these EXCEPT - beneficiary
A life policy with a death benefit that can fluctuate according to the performance of its underlying
investment portfolio is referred to as - Variable Life
A Limited-Pay Life policy has - premium payments limited to a specified number of years
2026-2027:
XCELLXCELL
TESTING
TESTING
SOLUTIONS
SOLUTIONS
(LIFE(LIFE
& HEALTH)
& HEALTH)
Page
FINAL
1FINAL
of
15016QUESTION
150 QUESTION
PRACTICE
PRACTICE
EXAM.pdf-
EXAM(exam preparation).
,NS (LIFE
Complete
& HEALTH)
review
FINAL
with 150
chapter-based
QUESTIONquestions
PRACTICEandEXAM.pdf=
accurate
Page answers.
2Includes
of 16 2026//2027
accurately XCELL
reviewed
TESTING
questions
SOLUTIONS
and verified (LIFE
answers.
& HEALTH
A major medical policy typically - provides benefits for reasonable and necessary medical expenses,
subject to policy limits
A physician opens up a new practice and qualifies for a $7,000/month Disability Income policy. What
rider would the physician add if he wants the ability to increase his policy benefit as his practice and
income grow? - Guaranteed Insurability Option rider
A policy loan is made possible by which of these life insurance policy features? - cash value provision
A policy of adhesion can only be modified by whom? - The insurance company
A policy owner is able to choose the frequency of premium payments through what policy feature? -
Premium Mode
A policyowner's rights are limited under which beneficiary designation? - Irrevcocable
A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a
faster rate in the early years of the policy. Which of these statements made by the producer would be
correct? - 20-Pay Life accumulates cash value faster than Straight Life
A stock insurance company is owned by it's - stockholders
According to the Time Payment of Claims provision, the insurer must pay Disability Income benefits no
less frequently than which of the following options? - monthly
All of the following are requirements to become an insurance producer in the state of Arkansas except: -
Graduate High School
All of these are considered sources of underwriting information about an applicant EXCEPT - rating
services
2026-2027:
XCELLXCELL
TESTING
TESTING
SOLUTIONS
SOLUTIONS
(LIFE(LIFE
& HEALTH)
& HEALTH)
Page
FINAL
2FINAL
of
15016QUESTION
150 QUESTION
PRACTICE
PRACTICE
EXAM.pdf-
EXAM(exam preparation).
,NS (LIFE
Complete
& HEALTH)
review
FINAL
with 150
chapter-based
QUESTIONquestions
PRACTICEandEXAM.pdf=
accurate
Page answers.
3Includes
of 16 2026//2027
accurately XCELL
reviewed
TESTING
questions
SOLUTIONS
and verified (LIFE
answers.
& HEALTH
All of these are considered sources of underwriting information about an applicant EXCEPT - Rating
Services
All of these are considered to be a benefit under Social Security EXCEPT for - unemployment
All of these insurance products require an agent to have proper FINRA securities registration in order to
sell them EXCEPT for - Modified Whole Life
All of these statements about the Waiver of Premium provision are correct EXCEPT - Insured must be
eligible for Social Security disability for claim to be accepted
All students attending a large university could be covered by - A blanket policy
An agent gives a conditional receipt to a client for an insurance policy after collecting the initial
premium. When will the policy become effective? - When the conditions of the receipt are met
An alien insurance company is defined as one formed in - Europe
An immediate annuity consists of a - single premium
An individual Disability Income insurance applicant may be required to submit all of the following
information EXCEPT - spouse's occupation
An individual has a Major Medical policy with a $5,000 deductible and an 80/20 Coinsurance clause.
How much will the INSURED have to pay if a total of $15,000 in covered medical expenses are incurred?
- $7,000
An individual who purchases a Life annuity is given protection against - the risk of living longer than
expected
An insurance agent who convinces a prospective insured to purchase a policy by exaggerating the
benefits of the policy may be found guilty of - misrepresentation
2026-2027:
XCELLXCELL
TESTING
TESTING
SOLUTIONS
SOLUTIONS
(LIFE(LIFE
& HEALTH)
& HEALTH)
Page
FINAL
3FINAL
of
15016QUESTION
150 QUESTION
PRACTICE
PRACTICE
EXAM.pdf-
EXAM(exam preparation).
