Pennsylvania XCEL Solutions Life & Health Insurance | Questions with Verified Answers | 100% Correct| Latest 2025/2026.

Pennsylvania XCEL Solutions Life &
Health Insurance | Questions with
Verified Answers | 100% Correct|
Latest 2025/2026.

Question:

Which of the following is not a required provision in an accident and
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health insurance policy?
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Answer:

Change of occupation i,- i,-




Question:
Which of the following is considered to be the period when the
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accumulated value in an annuity is paid out?
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Answer:

Annuitization phase i,-




Question:
The IRS states that a taxpayer's medical expenses that exceed 7.5% of
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their adjusted gross income is tax deductible. Which of these is
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considered a medical expense under this rule?
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Answer:

,Long term care insurance premiums
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Question:

How are survivorship life insurance policies helpful in estate planning?
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Answer:

Provide funds to help pay taxes i,- i,- i,- i,- i,-




Question:
Violating Pennsylvania insurance law may result in which of the following
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Insurance Department actions?? i,- i,-




Answer:

Issuance of a cease and desist order after a hearing
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Question:
An accident and health insurer has just received written proof of loss from
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one of its insureds. The insured must now wait 60 days before?
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Answer:

Bringing legal action against the insurer
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Question:

A partial surrender is allowed in which of the following life policies??
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Answer:

Universal Life i,-

,Question:
Ted has a health insurance plan that requires him to pay a specific sum
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out of pocket before any benefits are paid in a calendar year. Which of
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these does his health plan have??
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Answer:

Calendar-year deductible i,-




Question:

In which of the following situations would the insurer be liable for a loss?
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Answer:

The insured suffered an injury as an innocent bystander during a bank
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robbery



Question:
Which of the following provisions protects a Pennsylvania policyowner
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from an innocent mistake made on the application over 2 years ago?
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Answer:

Incontestability provisions i,-




Question:

A beneficiary change can occur?
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Answer:

normally at any time during the policy term
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, Question:
Which of these is considered to be a document that describes the critical
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segments of a life insurance policy? i,- i,- i,- i,- i,-




Answer:

Policy summary i,-




Question:

An order issued by the commissioner that prohibits a specific practice
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listed in the order is called a?
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Answer:

Cease and desist order
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Question:

Field underwriting performed by producer involves?
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Answer:

completing the application and collecting initial premium
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Question:
A health insurance policy where the insurer has the right to terminate the
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policy for reasons other than the insured's health is called?
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Answer:

Conditionally renewable i,-




Question: