1|Page
XCEL NYS Exam Simulator 2026-2027 Newest Exam
With Complete Questions And 100% Correct Detailed
Answers |Brand New!!
How many employees must an employer have for a
terminated employee to be eligible for COBRA? -
ANSWER-20
An insured under a Major Medical expense plan with a
zero deductible and 80/20 coinsurance provision files a
$1,000 claim. How much of this claim is the insured
responsible for? - ANSWER-$200
Medicaid is a government-funded program designed to
provide health care to - ANSWER-poor people
,2|Page
A rollover from a Traditional IRA to another IRA MUST be
done within ___ days to avoid tax consequences. -
ANSWER-60
Which type of plan would be most appropriate for an
individual on Medicare and is concerned that Medicare will
NOT pay or charges exceeding the approved amount? -
ANSWER-Medicare Supplement Plan F
Which of the following is present when an applicant stands
to lose value if the insured dies? - ANSWER-Insurable
interest.
,3|Page
What is the primary factor that determines the benefits
paid under a disability income policy? - ANSWER-Wages
Suitability is best described as: - ANSWER-obtaining
information from the applicant to determine whether an
insurance or annuity product is appropriate
How does one become eligible for Part D: Prescription
Drug coverage? - ANSWER-Must have Medicare
coverage
Fixed annuities provide each of the following EXCEPT -
ANSWER-Hedge against inflation
, 4|Page
Which of these riders will pay a death benefit if the
insured's spouse dies? - ANSWER-Family term insurance
rider
Loss of income insurance provides - ANSWER-an
individual the means to replace wages
After ___ year(s) from date of issue, an individual health
insurance policy can no longer be cancelled by the insurer
for misstatements (except for fraud) - ANSWER-2
Which of the following is included in the entire contract
according to the entire contract provision? - ANSWER-
Application
XCEL NYS Exam Simulator 2026-2027 Newest Exam
With Complete Questions And 100% Correct Detailed
Answers |Brand New!!
How many employees must an employer have for a
terminated employee to be eligible for COBRA? -
ANSWER-20
An insured under a Major Medical expense plan with a
zero deductible and 80/20 coinsurance provision files a
$1,000 claim. How much of this claim is the insured
responsible for? - ANSWER-$200
Medicaid is a government-funded program designed to
provide health care to - ANSWER-poor people
,2|Page
A rollover from a Traditional IRA to another IRA MUST be
done within ___ days to avoid tax consequences. -
ANSWER-60
Which type of plan would be most appropriate for an
individual on Medicare and is concerned that Medicare will
NOT pay or charges exceeding the approved amount? -
ANSWER-Medicare Supplement Plan F
Which of the following is present when an applicant stands
to lose value if the insured dies? - ANSWER-Insurable
interest.
,3|Page
What is the primary factor that determines the benefits
paid under a disability income policy? - ANSWER-Wages
Suitability is best described as: - ANSWER-obtaining
information from the applicant to determine whether an
insurance or annuity product is appropriate
How does one become eligible for Part D: Prescription
Drug coverage? - ANSWER-Must have Medicare
coverage
Fixed annuities provide each of the following EXCEPT -
ANSWER-Hedge against inflation
, 4|Page
Which of these riders will pay a death benefit if the
insured's spouse dies? - ANSWER-Family term insurance
rider
Loss of income insurance provides - ANSWER-an
individual the means to replace wages
After ___ year(s) from date of issue, an individual health
insurance policy can no longer be cancelled by the insurer
for misstatements (except for fraud) - ANSWER-2
Which of the following is included in the entire contract
according to the entire contract provision? - ANSWER-
Application
