XCEL solutions Exam Questions
and Answers 100% Pass
A partial surrender is allowed in which of the following life policies? - ✔✔Universal
life
All of the following riders can increase the death benefit amount EXCEPT - ✔✔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 - ✔✔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 -
✔✔Indicates a preexisting condition
How do interest earnings accumulated in a deferred annuity - ✔✔On a tax-deferred
basis
Which of the following statements is NOT true regarding a Critical Illness Plan -
✔✔Coverage is limited to a single devastating disease
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,Which of these is a TRUE statement regarding HIC's - ✔✔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? -
✔✔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? - ✔✔A minimum of
12 months after date of purchase
An individual covered under a Blue Cross Blue Shield plan is called a(n) -
✔✔Participant
The policyholder for a group health benefit plan is considered to be the - ✔✔Employer
Intentional withholding of material facts would affect an insurance policies validity is
called a(n) - ✔✔Concealment
An example of a health insuring corporation (HIC) specialty care provider is a(n) -
✔✔Neurologist
Which of the following is NOT typically included under "hospital care" for most health
insuring corporation (HIC) plans? - ✔✔Private duty nursing
EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 2
, An insurance producer is often responsible for field underwriting during the
application process. All fo these are possible field underwriting roles EXCEPT -
✔✔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 - ✔✔National Association of
Insurance Underwriters
What is the contract called that is issued to an employer for a Group Medical Insurance
plan? - ✔✔Master policy
An example of a presumptive disability would be - ✔✔deafness
Which approach predicts a persons earning potential and determines how much of that
amount would be devoted to dependents? - ✔✔Human life value approach
If the beneficiary dies from the same accident as the insured individual, the insurer will
proceed as if - ✔✔the insured outlived the beneficiary
An insurer can exclude coverage for a preexisting condition on a Medicare Supplement
policy for up to - ✔✔6 months
Who provides all preventative and routine medical care given to a health insuring
corporation
(HIC) member? - ✔✔Primary Care Physician
EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 3
and Answers 100% Pass
A partial surrender is allowed in which of the following life policies? - ✔✔Universal
life
All of the following riders can increase the death benefit amount EXCEPT - ✔✔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 - ✔✔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 -
✔✔Indicates a preexisting condition
How do interest earnings accumulated in a deferred annuity - ✔✔On a tax-deferred
basis
Which of the following statements is NOT true regarding a Critical Illness Plan -
✔✔Coverage is limited to a single devastating disease
EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 1
,Which of these is a TRUE statement regarding HIC's - ✔✔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? -
✔✔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? - ✔✔A minimum of
12 months after date of purchase
An individual covered under a Blue Cross Blue Shield plan is called a(n) -
✔✔Participant
The policyholder for a group health benefit plan is considered to be the - ✔✔Employer
Intentional withholding of material facts would affect an insurance policies validity is
called a(n) - ✔✔Concealment
An example of a health insuring corporation (HIC) specialty care provider is a(n) -
✔✔Neurologist
Which of the following is NOT typically included under "hospital care" for most health
insuring corporation (HIC) plans? - ✔✔Private duty nursing
EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 2
, An insurance producer is often responsible for field underwriting during the
application process. All fo these are possible field underwriting roles EXCEPT -
✔✔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 - ✔✔National Association of
Insurance Underwriters
What is the contract called that is issued to an employer for a Group Medical Insurance
plan? - ✔✔Master policy
An example of a presumptive disability would be - ✔✔deafness
Which approach predicts a persons earning potential and determines how much of that
amount would be devoted to dependents? - ✔✔Human life value approach
If the beneficiary dies from the same accident as the insured individual, the insurer will
proceed as if - ✔✔the insured outlived the beneficiary
An insurer can exclude coverage for a preexisting condition on a Medicare Supplement
policy for up to - ✔✔6 months
Who provides all preventative and routine medical care given to a health insuring
corporation
(HIC) member? - ✔✔Primary Care Physician
EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 3
