XYCEL-NYS-SIMULATOR EXAM INCLUDING ACCURATE AND
VERIFIED QUESTIONS AND TAILORED FOR LIFE ,PROPERTY
,HEALTH AND CASUALTY ACTUAL LICENSING EXAMS
ACROSS VARIOUS STATES.
Jonas is a whole life insurance policy owner and would like to add coverage for his two
children. Which of the following products would allow him to accomplish this? -
ANSWERS-Child Term Rider
Lisa has recently bought a fixed annuity. Which of these is considered to be a
disadvantage of owning this type of annuity? - ANSWERS-During periods of
inflation, annuitants will experience a decrease in purchasing power of their payments.
In contrast to a guaranteed renewable policy, a non- cancellable policy -
ANSWERS-may never raise premiums
What is implied authority defined as? - ANSWERS-Authority that is not specifically
given to an agent in the agency contract, but that an agent can reasonably assume to
carry out his/her duties
A disability income policy can prevent an insured from earning a higher income than if
he/she were working by utilizing - ANSWERS-benefit limits
An indemnity plan limitation that will pay the dental bills after a small amount is paid by
the insured is called - ANSWERS-coinsurance
The entire contract provision includes all of the following EXCEPT the - ANSWERS-
Changes made by the agent
Converting a group plan to permanent life insurance requires - ANSWERS-the
conversion being applied for within 31 days of termination
An agent who sells an individual life insurance policy in New York MUST deliver to the
policy owner a(n) - ANSWERS-Policy Summary and Buyer's Guide
, Which type of plan would be most appropriate for an individual on Medicare and is
concerned that Medicare will NOT pay or charges exceeding the approved amount? -
ANSWERS-Medicare Supplement Plan F
Which of the following is present when an applicant stands to lose value if the insured
dies? - ANSWERS-Insurable interest.
What is the primary factor that determines the benefits paid under a disability income
policy? - ANSWERS-Wages
Suitability is best described as: - ANSWERS-obtaining information from the
applicant to determine whether an insurance or annuity product is appropriate
How does one become eligible for Part D: Prescription Drug coverage? -
ANSWERS-Must have Medicare coverage
Fixed annuities provide each of the following EXCEPT - ANSWERS-Hedge against
inflation
Which of these riders will pay a death benefit if the insured's spouse dies? -
ANSWERS-Family term insurance rider
The premium payment mode that results in the highest overall cost would be: -
ANSWERS-monthly
Loss of income insurance provides - ANSWERS-an individual the means to replace
wages
After ___ year(s) from date of issue, an individual health insurance policy can no longer
be cancelled by the insurer for misstatements (except for fraud) - ANSWERS-2
Which of the following is included in the entire contract according to the entire contract
provision? - ANSWERS-Application
A person who is a nonsmoker, of average weight, and in excellent health would most
likely be in which risk classification? - ANSWERS-Preferred
When a Medicare Supplement insurance policy is being replaced, who must sign the
notice of replacement? - ANSWERS-The agent and the applicant
VERIFIED QUESTIONS AND TAILORED FOR LIFE ,PROPERTY
,HEALTH AND CASUALTY ACTUAL LICENSING EXAMS
ACROSS VARIOUS STATES.
Jonas is a whole life insurance policy owner and would like to add coverage for his two
children. Which of the following products would allow him to accomplish this? -
ANSWERS-Child Term Rider
Lisa has recently bought a fixed annuity. Which of these is considered to be a
disadvantage of owning this type of annuity? - ANSWERS-During periods of
inflation, annuitants will experience a decrease in purchasing power of their payments.
In contrast to a guaranteed renewable policy, a non- cancellable policy -
ANSWERS-may never raise premiums
What is implied authority defined as? - ANSWERS-Authority that is not specifically
given to an agent in the agency contract, but that an agent can reasonably assume to
carry out his/her duties
A disability income policy can prevent an insured from earning a higher income than if
he/she were working by utilizing - ANSWERS-benefit limits
An indemnity plan limitation that will pay the dental bills after a small amount is paid by
the insured is called - ANSWERS-coinsurance
The entire contract provision includes all of the following EXCEPT the - ANSWERS-
Changes made by the agent
Converting a group plan to permanent life insurance requires - ANSWERS-the
conversion being applied for within 31 days of termination
An agent who sells an individual life insurance policy in New York MUST deliver to the
policy owner a(n) - ANSWERS-Policy Summary and Buyer's Guide
, Which type of plan would be most appropriate for an individual on Medicare and is
concerned that Medicare will NOT pay or charges exceeding the approved amount? -
ANSWERS-Medicare Supplement Plan F
Which of the following is present when an applicant stands to lose value if the insured
dies? - ANSWERS-Insurable interest.
What is the primary factor that determines the benefits paid under a disability income
policy? - ANSWERS-Wages
Suitability is best described as: - ANSWERS-obtaining information from the
applicant to determine whether an insurance or annuity product is appropriate
How does one become eligible for Part D: Prescription Drug coverage? -
ANSWERS-Must have Medicare coverage
Fixed annuities provide each of the following EXCEPT - ANSWERS-Hedge against
inflation
Which of these riders will pay a death benefit if the insured's spouse dies? -
ANSWERS-Family term insurance rider
The premium payment mode that results in the highest overall cost would be: -
ANSWERS-monthly
Loss of income insurance provides - ANSWERS-an individual the means to replace
wages
After ___ year(s) from date of issue, an individual health insurance policy can no longer
be cancelled by the insurer for misstatements (except for fraud) - ANSWERS-2
Which of the following is included in the entire contract according to the entire contract
provision? - ANSWERS-Application
A person who is a nonsmoker, of average weight, and in excellent health would most
likely be in which risk classification? - ANSWERS-Preferred
When a Medicare Supplement insurance policy is being replaced, who must sign the
notice of replacement? - ANSWERS-The agent and the applicant
