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XCEL TESTING SOLUTIONS- LIFE AND
HEALTH INSURANCE- WEIGHTED EXAM
QUESTIONS AND ANSWERS 2025
The Do Not Call Registry offers exemptions for calls placed
from all of the following EXCEPT - correct answer- insurance
sales calls
Charities, political organizations, and surveys are all offered
exemptions from The Do Not Call Registry
The type of policy where the insurer can send a notice to the
insured that the policy has been cancelled in the middle of the
term is called - correct answer- cancelable
The renewability provision in a cancelable policy allows the
insurer to cancel or terminate the policy at any time, simply by
providing written notification to the insured and refunding any
advance premium that has been paid.
Barbara's policy includes a rider which allows her to purchase
additional insurance at specific dates or events without
evidence of insurability. This rider is called a(n) - correct
answer- Guaranteed insurability rider
A guaranteed insurability rider allows for the insured to
purchase additional insurance at specific dates or events
without evidence of insurability.
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Disability Income plans which require that the insurer can
NEVER change or alter premium rates are usually considered -
correct answer- Noncancellable
A noncancellable policy cannot be cancelled nor can its
premium rates be increased under any circumstances.
In what part of an insurance policy are policy benefits found? -
correct answer- Declarations
Essentially, the insurance declaration page is like a quick guide
to the insurance policy, providing all of the basic information the
policyholder needs to know.
What happens if the insurer discovers that the insured's age
was accidentally misstated on an application for an individual
life insurance policy? - correct answer- Benefits will be
calculated according to how much coverage the premium paid
would have purchased for the correct age
Benefits will be calculated according to how much coverage the
premium paid would have purchased for the correct age.
Health insurance will typically cover which of the following
perils? - correct answer- Injury due to accident
Accidental injury is typically a covered peril in health insurance.
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A viatical settlement contract is an agreement between - correct
answer- A life insurance policyowner and a viatical settlement
provider
A viatical settlement contract is an agreement between a life
insurance policyowner and a viatical settlement provider.
Under the Affordable Care Act, how would a grandfathered
health plan lose its grandfathered status? - correct answer- The
insurer significantly raises co-insurance charges, deductibles,
or co-payment charges
According to the Affordable Care Act, grandfathered health
plans may lose their grandfathered status if the insurer
significantly raises co-insurance charges, deductibles, or co-
payment charges
Which of these techniques will remove the risk of losing money
in the stock market by never purchasing stocks? - correct
answer- Risk avoidance
Risk avoidance could eliminate the risk of losing money in the
stock market by never investing in stocks.
Which of the following nursing home options would BEST suit
an individual who needs some nursing care and supervision but
NOT full-time care? - correct answer- Assisted living facilities
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An assisted living facility would best suit an individual who
needs some nursing care and supervision but not full-time care.
Under Louisiana law, the agreement between an insurance
producer and insurer under which the insurance producer, for
compensation, may sell, solicit, or negotiate policies issued by
the insurer is defined as - correct answer- an appointment
The agreement between an insurance producer and insurer
under which the insurance producer, for compensation, may
sell, solicit, or negotiate policies issued by the insurer is called
an appointment.
Which of these would NOT be considered a presumptive
disability? - correct answer- Loss of a leg or arm
The loss of ONE arm or a leg is NOT considered a presumptive
disability.
A producer's license in Louisiana must be renewed every -
correct answer- Two years
Producer licenses are issued for periods of 2 years.
Bill requires some nursing care and supervision but NOT full-
time care. Which of these nursing home options would best
serve him? - correct answer- Assisted living
XCEL TESTING SOLUTIONS- LIFE AND
HEALTH INSURANCE- WEIGHTED EXAM
QUESTIONS AND ANSWERS 2025
The Do Not Call Registry offers exemptions for calls placed
from all of the following EXCEPT - correct answer- insurance
sales calls
Charities, political organizations, and surveys are all offered
exemptions from The Do Not Call Registry
The type of policy where the insurer can send a notice to the
insured that the policy has been cancelled in the middle of the
term is called - correct answer- cancelable
The renewability provision in a cancelable policy allows the
insurer to cancel or terminate the policy at any time, simply by
providing written notification to the insured and refunding any
advance premium that has been paid.
Barbara's policy includes a rider which allows her to purchase
additional insurance at specific dates or events without
evidence of insurability. This rider is called a(n) - correct
answer- Guaranteed insurability rider
A guaranteed insurability rider allows for the insured to
purchase additional insurance at specific dates or events
without evidence of insurability.
,2 | Page
Disability Income plans which require that the insurer can
NEVER change or alter premium rates are usually considered -
correct answer- Noncancellable
A noncancellable policy cannot be cancelled nor can its
premium rates be increased under any circumstances.
In what part of an insurance policy are policy benefits found? -
correct answer- Declarations
Essentially, the insurance declaration page is like a quick guide
to the insurance policy, providing all of the basic information the
policyholder needs to know.
What happens if the insurer discovers that the insured's age
was accidentally misstated on an application for an individual
life insurance policy? - correct answer- Benefits will be
calculated according to how much coverage the premium paid
would have purchased for the correct age
Benefits will be calculated according to how much coverage the
premium paid would have purchased for the correct age.
Health insurance will typically cover which of the following
perils? - correct answer- Injury due to accident
Accidental injury is typically a covered peril in health insurance.
,3 | Page
A viatical settlement contract is an agreement between - correct
answer- A life insurance policyowner and a viatical settlement
provider
A viatical settlement contract is an agreement between a life
insurance policyowner and a viatical settlement provider.
Under the Affordable Care Act, how would a grandfathered
health plan lose its grandfathered status? - correct answer- The
insurer significantly raises co-insurance charges, deductibles,
or co-payment charges
According to the Affordable Care Act, grandfathered health
plans may lose their grandfathered status if the insurer
significantly raises co-insurance charges, deductibles, or co-
payment charges
Which of these techniques will remove the risk of losing money
in the stock market by never purchasing stocks? - correct
answer- Risk avoidance
Risk avoidance could eliminate the risk of losing money in the
stock market by never investing in stocks.
Which of the following nursing home options would BEST suit
an individual who needs some nursing care and supervision but
NOT full-time care? - correct answer- Assisted living facilities
, 4 | Page
An assisted living facility would best suit an individual who
needs some nursing care and supervision but not full-time care.
Under Louisiana law, the agreement between an insurance
producer and insurer under which the insurance producer, for
compensation, may sell, solicit, or negotiate policies issued by
the insurer is defined as - correct answer- an appointment
The agreement between an insurance producer and insurer
under which the insurance producer, for compensation, may
sell, solicit, or negotiate policies issued by the insurer is called
an appointment.
Which of these would NOT be considered a presumptive
disability? - correct answer- Loss of a leg or arm
The loss of ONE arm or a leg is NOT considered a presumptive
disability.
A producer's license in Louisiana must be renewed every -
correct answer- Two years
Producer licenses are issued for periods of 2 years.
Bill requires some nursing care and supervision but NOT full-
time care. Which of these nursing home options would best
serve him? - correct answer- Assisted living
