XCEL 2-15 FLORIDA-LIFE & HEALTH EXAM
SIMULATOR / FL HEALTH & LIFE AND ANNUITY
2025/2026 BANK COMPLETE STUDY GUIDE (SOURCE
XCEL SOLUTIONS) ACCURATE REAL EXAM 2
VERSIONS WITH 600 QUESTIONS TESTING
VERSIONS AND A STUDY GUIDE | EXPERT VERIFIED
FOR GUARANTEED PASS
Which of these gaps in Medicare coverage is addressed
with Medicare Supplemental Insurance?
A. Medicare in-hospital deductible
B. Dental work
C. Nutritional supplements
D. Chiropractic care - ....ANSWER...Medicare in-hospital
deductible
Bill requires some nursing care and supervision but NOT
full-time care. Which of these nursing home options would
best serve him?
A. Nursing home
B. Assisted living
,C. Congregate housing
D. Custodial residence - ....ANSWER...Assisted living
Which type of long-term care benefit would be most
appropriate for a stroke victim who requires speech
therapy administered at her home?
A. Respite care
B. Continuing care
C. Home health care
D. Custodial care - ....ANSWER...Home health care
Which of the following nursing home options would BEST
suit an individual who needs some nursing care and
supervision but NOT full-time care?
A. Custodial care homes
B. Assisted living facilities
C. Skilled nursing facilities
D. Congregate housing - ....ANSWER...Assisted living
facilities
An example of risk sharing would be?
,A. Adding more security to a high-risk building
B. Choosing not to invest in the stock market
C. Doctors pooling their money to cover malpractice
exposures
D. Buying an insurance policy to cover potential liabilities
- ....ANSWER...Doctors pooling their money to cover
malpractice exposures
Insurance represents the process of risk?
A. selection
B. avoidance
C. transference
D. assumption - ....ANSWER...transference
How do insurers predict the increase of individual risks?
A. Law of large numbers
B. U.S. Census
C. Average mortality incidents
D. Experience of morbidity - ....ANSWER...Law of large
numbers
, What is known as the immediate specific event causing
loss and giving rise to risk?
A. Peril
B. Hazard
C. Loss factor
D. Liability - ....ANSWER...Peril
All of the following are examples of pure risk EXCEPT?
A. Losing money at a casino
B. Injured while playing football
C. Falling at a casino and breaking a hip
D. Jewelry stolen during a home robbery -
....ANSWER...Losing money at a casino
People with higher loss exposure have the tendency to
purchase insurance more often than those at average risk.
This is called?
A. risk retention
B. preexisting conditions
C. law of large numbers
D. adverse selection - ....ANSWER...adverse selection
SIMULATOR / FL HEALTH & LIFE AND ANNUITY
2025/2026 BANK COMPLETE STUDY GUIDE (SOURCE
XCEL SOLUTIONS) ACCURATE REAL EXAM 2
VERSIONS WITH 600 QUESTIONS TESTING
VERSIONS AND A STUDY GUIDE | EXPERT VERIFIED
FOR GUARANTEED PASS
Which of these gaps in Medicare coverage is addressed
with Medicare Supplemental Insurance?
A. Medicare in-hospital deductible
B. Dental work
C. Nutritional supplements
D. Chiropractic care - ....ANSWER...Medicare in-hospital
deductible
Bill requires some nursing care and supervision but NOT
full-time care. Which of these nursing home options would
best serve him?
A. Nursing home
B. Assisted living
,C. Congregate housing
D. Custodial residence - ....ANSWER...Assisted living
Which type of long-term care benefit would be most
appropriate for a stroke victim who requires speech
therapy administered at her home?
A. Respite care
B. Continuing care
C. Home health care
D. Custodial care - ....ANSWER...Home health care
Which of the following nursing home options would BEST
suit an individual who needs some nursing care and
supervision but NOT full-time care?
A. Custodial care homes
B. Assisted living facilities
C. Skilled nursing facilities
D. Congregate housing - ....ANSWER...Assisted living
facilities
An example of risk sharing would be?
,A. Adding more security to a high-risk building
B. Choosing not to invest in the stock market
C. Doctors pooling their money to cover malpractice
exposures
D. Buying an insurance policy to cover potential liabilities
- ....ANSWER...Doctors pooling their money to cover
malpractice exposures
Insurance represents the process of risk?
A. selection
B. avoidance
C. transference
D. assumption - ....ANSWER...transference
How do insurers predict the increase of individual risks?
A. Law of large numbers
B. U.S. Census
C. Average mortality incidents
D. Experience of morbidity - ....ANSWER...Law of large
numbers
, What is known as the immediate specific event causing
loss and giving rise to risk?
A. Peril
B. Hazard
C. Loss factor
D. Liability - ....ANSWER...Peril
All of the following are examples of pure risk EXCEPT?
A. Losing money at a casino
B. Injured while playing football
C. Falling at a casino and breaking a hip
D. Jewelry stolen during a home robbery -
....ANSWER...Losing money at a casino
People with higher loss exposure have the tendency to
purchase insurance more often than those at average risk.
This is called?
A. risk retention
B. preexisting conditions
C. law of large numbers
D. adverse selection - ....ANSWER...adverse selection
