age 1 of 56
SIMULATOR FLORIDA LIFE & HEALTH / FL HEALTH &
LIFE AND ANNUITY COMPLETE STUDY GUIDE (SOURCE
Xcel solutions – Pearson) EXAM 2025/2026
ACCURATE QUESTIONS WITH CORRECT DETAILED
ANSWERS ||100% GUARANTEED PASS <RECENT
VERSION>
Post-tax dollar contributions are found in .......Answer.........Roth
IRA investments. ( No income tax deductions can be taken for
contributions made to a ROTH Burg the earning on those
contributions are entirely tax free when they are withdrawn.
All of the following are nonforfeiture options Except
.......Answer.........Automatic premium loan option.( is not
considered Nonforfeiture option)
,age 2 of 56
Comprehensive major medical policy's usually combined?
.......Answer.........Major medical with basic hospital/surgical
coverage.
Which of the following reimburses it's insured for coverage
medical expenses? .......Answer.........Commercial insurance
companies function on the reimbursement approach. Policyowner
obtain medical treatments from whatever source they feel is
most appropriate and submit the other charges to the insurer for
reimbursement.
Which of the following statements about guaranteed renewable
health insurance policy is correct? .......Answer.........Premiums
normally increase at the time of renewal.
The issuer must provide a perspective buyer with an?
.......Answer.........Buyers guide and policy summary
,age 3 of 56
T would like to be assured $10,000 is available in 10 years to
replace a roof on his house. What kind of $10,000 policy
should T purchase? .......Answer.........Ten-year Endowment
According to the time payment of claims provision, the insurer
must pay disability income benefits no less frequently then which
of the following options? .......Answer.........Monthly
Which of the following is the most important factor when
deciding how much disability income coverage an applicant
should purchase? .......Answer.........Applicants monthly income
Which two entitles regulate variable annuities?
.......Answer.........Department of Financial Services; Securities
Exchange Commission.
The amount of coverage on a group life policy is limited to?
.......Answer.........The insured's total loan value
, age 4 of 56
The provision that can be used to put on insurance policy back in
force after it has lapsed due to nonpayment is called?
.......Answer.........Reinstatement
Which product would best serve a retired individual looking to
invest a lump-sum of money through an insurance company?
.......Answer.........Annuity
According to Florida law, a group life insurance policy requires
a minimum how many insureds? .......Answer.........No minimum
Multiple employer welfare arrangement (MEWA) provides what
type of benefits? .......Answer.........Insurance
In a qualified retirement plan, the yearly contributions to an
employee's account? .......Answer.........Are restricted to maximum
level set by the IRS
SIMULATOR FLORIDA LIFE & HEALTH / FL HEALTH &
LIFE AND ANNUITY COMPLETE STUDY GUIDE (SOURCE
Xcel solutions – Pearson) EXAM 2025/2026
ACCURATE QUESTIONS WITH CORRECT DETAILED
ANSWERS ||100% GUARANTEED PASS <RECENT
VERSION>
Post-tax dollar contributions are found in .......Answer.........Roth
IRA investments. ( No income tax deductions can be taken for
contributions made to a ROTH Burg the earning on those
contributions are entirely tax free when they are withdrawn.
All of the following are nonforfeiture options Except
.......Answer.........Automatic premium loan option.( is not
considered Nonforfeiture option)
,age 2 of 56
Comprehensive major medical policy's usually combined?
.......Answer.........Major medical with basic hospital/surgical
coverage.
Which of the following reimburses it's insured for coverage
medical expenses? .......Answer.........Commercial insurance
companies function on the reimbursement approach. Policyowner
obtain medical treatments from whatever source they feel is
most appropriate and submit the other charges to the insurer for
reimbursement.
Which of the following statements about guaranteed renewable
health insurance policy is correct? .......Answer.........Premiums
normally increase at the time of renewal.
The issuer must provide a perspective buyer with an?
.......Answer.........Buyers guide and policy summary
,age 3 of 56
T would like to be assured $10,000 is available in 10 years to
replace a roof on his house. What kind of $10,000 policy
should T purchase? .......Answer.........Ten-year Endowment
According to the time payment of claims provision, the insurer
must pay disability income benefits no less frequently then which
of the following options? .......Answer.........Monthly
Which of the following is the most important factor when
deciding how much disability income coverage an applicant
should purchase? .......Answer.........Applicants monthly income
Which two entitles regulate variable annuities?
.......Answer.........Department of Financial Services; Securities
Exchange Commission.
The amount of coverage on a group life policy is limited to?
.......Answer.........The insured's total loan value
, age 4 of 56
The provision that can be used to put on insurance policy back in
force after it has lapsed due to nonpayment is called?
.......Answer.........Reinstatement
Which product would best serve a retired individual looking to
invest a lump-sum of money through an insurance company?
.......Answer.........Annuity
According to Florida law, a group life insurance policy requires
a minimum how many insureds? .......Answer.........No minimum
Multiple employer welfare arrangement (MEWA) provides what
type of benefits? .......Answer.........Insurance
In a qualified retirement plan, the yearly contributions to an
employee's account? .......Answer.........Are restricted to maximum
level set by the IRS
