EXAM SIMULATOR FL life insurance and
health state exam XCELSOLUTIONS
Whose life is covered on a life insurance policy that contains a payor benefit clause? - correct
answer child
In Florida, which of the following is considered an Unfair Trade Practice? - correct answer
Coercion
The Accidental Death and Dismemberment (AD&D) provision in a life insurance policy would
pay additional benefits if the insured: - correct answer is blinded in an accident
Which of the following professional organizations has its code of ethics incorporated into Florida
law? - correct answer National Association of Insurance and Financial Advisors (NAIFA)
What is the elimination period of an individual disability policy? - correct answer Time period a
disabled person must wait before benefits are paid
What is the elimination period of an individual disability policy? - correct answer secondary
addressee
A Major Medical policy typically contains a provision that requires the insurer to pay only part of
a loss, while the balance is paid by the insured. This provision is called - correct answer
coinsurance
If a retiree on Medicare required five hospital stays in one year, which policy would provide the
best insurance for excess hospital expenses? - correct answer Medicare Supplement
When is the face amount paid under a Joint Life and Survivor policy? - correct answer upon the
death of the last insured
, EXAM SIMULATOR FL life insurance and
health state exam XCELSOLUTIONS
A disability elimination period is best described as a: - correct answer time deductible
S is close to retiring and would like to purchase a policy that will yield greater gains than bonds,
but will still protect the principal with a minimum level or risk. Which product would S be
advised to purchase? - correct answer equity index insurance
Which of the following documents must an agent submit to the replacing insurance company
during the replacement of an existing life insurance policy? - correct answer notice to existing
and replacing insurers of intention to replace
The minimum age at which a person can sign a life insurance application is - correct answer 15
years
X is insured with a Disability Income policy that provides coverage until age 65. This policy
allows the insurer to change the premium rate for the overall risk class assigned. Which of these
renewability features does this policy contain? - correct answer Guaranteed Renewable
Which two entities regulate variable annuities? - correct answer Department of Financial
Services; and Securities Exchange Commission
In health insurance policies, a waiver of premium provision keeps the coverage in force without
premium payments: - correct answer after an insured has become totally disabled as define din
the policy
How would a contingent beneficiary receive the policy proceeds in an Accidental Death and
Dismemberment (AD&D) policy? - correct answer if the primary beneficiary des before the
insured
Pre-hospitalization authorization is considered an example of: - correct answer Managed Care
health state exam XCELSOLUTIONS
Whose life is covered on a life insurance policy that contains a payor benefit clause? - correct
answer child
In Florida, which of the following is considered an Unfair Trade Practice? - correct answer
Coercion
The Accidental Death and Dismemberment (AD&D) provision in a life insurance policy would
pay additional benefits if the insured: - correct answer is blinded in an accident
Which of the following professional organizations has its code of ethics incorporated into Florida
law? - correct answer National Association of Insurance and Financial Advisors (NAIFA)
What is the elimination period of an individual disability policy? - correct answer Time period a
disabled person must wait before benefits are paid
What is the elimination period of an individual disability policy? - correct answer secondary
addressee
A Major Medical policy typically contains a provision that requires the insurer to pay only part of
a loss, while the balance is paid by the insured. This provision is called - correct answer
coinsurance
If a retiree on Medicare required five hospital stays in one year, which policy would provide the
best insurance for excess hospital expenses? - correct answer Medicare Supplement
When is the face amount paid under a Joint Life and Survivor policy? - correct answer upon the
death of the last insured
, EXAM SIMULATOR FL life insurance and
health state exam XCELSOLUTIONS
A disability elimination period is best described as a: - correct answer time deductible
S is close to retiring and would like to purchase a policy that will yield greater gains than bonds,
but will still protect the principal with a minimum level or risk. Which product would S be
advised to purchase? - correct answer equity index insurance
Which of the following documents must an agent submit to the replacing insurance company
during the replacement of an existing life insurance policy? - correct answer notice to existing
and replacing insurers of intention to replace
The minimum age at which a person can sign a life insurance application is - correct answer 15
years
X is insured with a Disability Income policy that provides coverage until age 65. This policy
allows the insurer to change the premium rate for the overall risk class assigned. Which of these
renewability features does this policy contain? - correct answer Guaranteed Renewable
Which two entities regulate variable annuities? - correct answer Department of Financial
Services; and Securities Exchange Commission
In health insurance policies, a waiver of premium provision keeps the coverage in force without
premium payments: - correct answer after an insured has become totally disabled as define din
the policy
How would a contingent beneficiary receive the policy proceeds in an Accidental Death and
Dismemberment (AD&D) policy? - correct answer if the primary beneficiary des before the
insured
Pre-hospitalization authorization is considered an example of: - correct answer Managed Care
