XCEL SOLUTIONS EXAM 2026 COMPLETE
QUESTIONS AND SOLUTIONS PACKAGE DEAL
◉ All of the following riders can increase the death benefit amount
EXCEPT. Answer: Waiver of Premium
◉ A health insurance policy where the insurer has the right to
terminate the policy fr reasons other than the insureds health is
called. Answer: Conditionally Renewable
◉ A proposed insured for a health insurance policy was treated for
heart disease within the past year. When applying for health
insurance, the heart disease treatment. Answer: Indicates a
preexisting condition
◉ How do interest earnings accumulated in a deferred annuity.
Answer: On a tax-deferred basis
◉ Which of the following statements is NOT true regarding a Critical
Illness Plan. Answer: Coverage is limited to a single devastating
disease
◉ Which of these is a TRUE statement regarding HIC's. Answer:
HIC's operate on a prepayment basis
,◉ James is insured on a life insurance policy where his age was
misstated on the application. Which of the following is CORRECT
regarding the death benefit amount?. Answer: The death benefit
paid will be what the premium would have purchased at the correct
age
◉ How son can the benefit payments begin with a deferred annuity?.
Answer: A minimum of 12 months after date of purchase
◉ An individual covered under a Blue Cross Blue Shield plan is
called a(n). Answer: Participant
◉ The policyholder for a group health benefit plan is considered to
be the. Answer: Employer
◉ Intentional withholding of material facts would affect an
insurance policies validity is called a(n). Answer: Concealment
◉ An example of a health insuring corporation (HIC) specialty care
provider is a(n). Answer: Neurologist
◉ Which of the following is NOT typically included under "hospital
care" for most health insuring corporation (HIC) plans?. Answer:
Private duty nursing
, ◉ An insurance producer is often responsible for field underwriting
during the application process. All fo these are possible field
underwriting roles EXCEPT. Answer: Providing commission
information to the applicant
◉ All of these are considered sources of information that can assist
an underwriter in determining whether or not to accept a risk
EXCEPT. Answer: National Association of Insurance Underwriters
◉ What is the contract called that is issued to an employer for a
Group Medical Insurance plan?. Answer: Master policy
◉ An example of a presumptive disability would be. Answer:
deafness
◉ Which approach predicts a persons earning potential and
determines how much of that amount would be devoted to
dependents?. Answer: Human life value approach
◉ If the beneficiary dies from the same accident as the insured
individual, the insurer will proceed as if. Answer: the insured
outlived the beneficiary
QUESTIONS AND SOLUTIONS PACKAGE DEAL
◉ All of the following riders can increase the death benefit amount
EXCEPT. Answer: Waiver of Premium
◉ A health insurance policy where the insurer has the right to
terminate the policy fr reasons other than the insureds health is
called. Answer: Conditionally Renewable
◉ A proposed insured for a health insurance policy was treated for
heart disease within the past year. When applying for health
insurance, the heart disease treatment. Answer: Indicates a
preexisting condition
◉ How do interest earnings accumulated in a deferred annuity.
Answer: On a tax-deferred basis
◉ Which of the following statements is NOT true regarding a Critical
Illness Plan. Answer: Coverage is limited to a single devastating
disease
◉ Which of these is a TRUE statement regarding HIC's. Answer:
HIC's operate on a prepayment basis
,◉ James is insured on a life insurance policy where his age was
misstated on the application. Which of the following is CORRECT
regarding the death benefit amount?. Answer: The death benefit
paid will be what the premium would have purchased at the correct
age
◉ How son can the benefit payments begin with a deferred annuity?.
Answer: A minimum of 12 months after date of purchase
◉ An individual covered under a Blue Cross Blue Shield plan is
called a(n). Answer: Participant
◉ The policyholder for a group health benefit plan is considered to
be the. Answer: Employer
◉ Intentional withholding of material facts would affect an
insurance policies validity is called a(n). Answer: Concealment
◉ An example of a health insuring corporation (HIC) specialty care
provider is a(n). Answer: Neurologist
◉ Which of the following is NOT typically included under "hospital
care" for most health insuring corporation (HIC) plans?. Answer:
Private duty nursing
, ◉ An insurance producer is often responsible for field underwriting
during the application process. All fo these are possible field
underwriting roles EXCEPT. Answer: Providing commission
information to the applicant
◉ All of these are considered sources of information that can assist
an underwriter in determining whether or not to accept a risk
EXCEPT. Answer: National Association of Insurance Underwriters
◉ What is the contract called that is issued to an employer for a
Group Medical Insurance plan?. Answer: Master policy
◉ An example of a presumptive disability would be. Answer:
deafness
◉ Which approach predicts a persons earning potential and
determines how much of that amount would be devoted to
dependents?. Answer: Human life value approach
◉ If the beneficiary dies from the same accident as the insured
individual, the insurer will proceed as if. Answer: the insured
outlived the beneficiary
