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XCEL Solutions Final Exam 2025 Practice Test 200
Questions and Correct Answers/ XCEL Life
Insurance Final Practice Exam
K has a life insurance policy where her husband is
beneficiary and her daughter is contingent beneficiary.
Under the Common Disaster clause, if K and her husband
are both killed in an automobile accident, where would
the death proceeds be directed? - ...ANSWER...✓✓
Daughter
When is a Group Health policy required to provide
coverage for a newborn child? - ...ANSWER...✓✓ At the
moment of birth
What is the required renewability status of all Medicare
supplement policies? - ...ANSWER...✓✓ Guaranteed
renewable
Who issues Medicare Supplement policies? -
...ANSWER...✓✓ insurance companies
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,2|Page
P is the insured on a participating life policy. Which
statement is true if P's premiums are waived due to
disability? - ...ANSWER...✓✓ P will still receive declared
dividends
What type of policy would offer a 40-year old the quickest
accumulation of cash value? - ...ANSWER...✓✓ 20-pay life
The Nevada Insurance Guaranty Association -
...ANSWER...✓✓ protects Nevada insurance policy owners
in the event an insurance company becomes insolvent
The most important factor to consider when determining
whether to convert term insurance at the insured's
attained age or to the insured's original age is: -
...ANSWER...✓✓ the cost
A Medicare Supplement policy may be cancelled for
which of the following reasons? - ...ANSWER...✓✓ The
premiums has not been paid by the insured
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,3|Page
A noncontributory group term life plan is characterized
by: - ...ANSWER...✓✓ The entire cost of the plan is paid
for by the employer
Variable annuities may invest premiums in each of the
following, EXCEPT: - ...ANSWER...✓✓ Insurer's corporate
business account
Which of the following costs would a Basic
Hospital/Surgical policy likely cover? - ...ANSWER...✓✓
Surgically removing a facial birthmark
Information obtained from a phone conversation to the
proposed insured can be found in which of these reports?
- ...ANSWER...✓✓ Inspection report
T is receiving $3,000/month from a Disability Income
policy in which T's employer has pad the premiums. How
are the $3,000 benefit payments taxable? -
...ANSWER...✓✓ Benefits are taxable to T.
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, 4|Page
What kind of insurance policy supplies an income stream
over a set period of time that starts when the insured
dies? - ...ANSWER...✓✓ Family Maintenance Policy
Basic Medical Expense insurance: - ...ANSWER...✓✓ has
lower benefit limits than Major Medical Insurance
What is the requirement for maintaining an individual
Nevada producer license? - ...ANSWER...✓✓ completing
30 hours of continuing education every 3 years
J is a producer who has induced an insured through
misrepresentation to surrender an existing insurance
policy. What is J guilty of? - ...ANSWER...✓✓ Twisting
Which of these is considered a mandatory provision? -
...ANSWER...✓✓ payment of claims
Which life insurance rider typically appears on a Juvenile
life insurance policy? - ...ANSWER...✓✓ payor benefit
rider
4|Page
XCEL Solutions Final Exam 2025 Practice Test 200
Questions and Correct Answers/ XCEL Life
Insurance Final Practice Exam
K has a life insurance policy where her husband is
beneficiary and her daughter is contingent beneficiary.
Under the Common Disaster clause, if K and her husband
are both killed in an automobile accident, where would
the death proceeds be directed? - ...ANSWER...✓✓
Daughter
When is a Group Health policy required to provide
coverage for a newborn child? - ...ANSWER...✓✓ At the
moment of birth
What is the required renewability status of all Medicare
supplement policies? - ...ANSWER...✓✓ Guaranteed
renewable
Who issues Medicare Supplement policies? -
...ANSWER...✓✓ insurance companies
1|Page
,2|Page
P is the insured on a participating life policy. Which
statement is true if P's premiums are waived due to
disability? - ...ANSWER...✓✓ P will still receive declared
dividends
What type of policy would offer a 40-year old the quickest
accumulation of cash value? - ...ANSWER...✓✓ 20-pay life
The Nevada Insurance Guaranty Association -
...ANSWER...✓✓ protects Nevada insurance policy owners
in the event an insurance company becomes insolvent
The most important factor to consider when determining
whether to convert term insurance at the insured's
attained age or to the insured's original age is: -
...ANSWER...✓✓ the cost
A Medicare Supplement policy may be cancelled for
which of the following reasons? - ...ANSWER...✓✓ The
premiums has not been paid by the insured
2|Page
,3|Page
A noncontributory group term life plan is characterized
by: - ...ANSWER...✓✓ The entire cost of the plan is paid
for by the employer
Variable annuities may invest premiums in each of the
following, EXCEPT: - ...ANSWER...✓✓ Insurer's corporate
business account
Which of the following costs would a Basic
Hospital/Surgical policy likely cover? - ...ANSWER...✓✓
Surgically removing a facial birthmark
Information obtained from a phone conversation to the
proposed insured can be found in which of these reports?
- ...ANSWER...✓✓ Inspection report
T is receiving $3,000/month from a Disability Income
policy in which T's employer has pad the premiums. How
are the $3,000 benefit payments taxable? -
...ANSWER...✓✓ Benefits are taxable to T.
3|Page
, 4|Page
What kind of insurance policy supplies an income stream
over a set period of time that starts when the insured
dies? - ...ANSWER...✓✓ Family Maintenance Policy
Basic Medical Expense insurance: - ...ANSWER...✓✓ has
lower benefit limits than Major Medical Insurance
What is the requirement for maintaining an individual
Nevada producer license? - ...ANSWER...✓✓ completing
30 hours of continuing education every 3 years
J is a producer who has induced an insured through
misrepresentation to surrender an existing insurance
policy. What is J guilty of? - ...ANSWER...✓✓ Twisting
Which of these is considered a mandatory provision? -
...ANSWER...✓✓ payment of claims
Which life insurance rider typically appears on a Juvenile
life insurance policy? - ...ANSWER...✓✓ payor benefit
rider
4|Page
