XCEL Arizona Life and Health Insurance State Questions and Answers
with Verified Solutions | Latest 2026 Update
Q: insurance contract?
Answer:
Can be unequal
Q: What typically changes at the re-entry option date found in some term life
policies?
Answer:
premium
Q: Which of these policies is considered to be a comprehensive health policy?
Answer:
Major medical policy
Q: Peter, age 50, surrenders his modified endowment contract (MEC). How is the
gain treated in terms of federal income taxes?
Answer:
The gain is treated as taxable income and a penalty tax is imposed on the gain
,XCEL Arizona Life and Health Insurance State Questions and Answers
with Verified Solutions | Latest 2026 Update
Q: Which of these statements reflects an accurate portrayal of Medicare SELECT?
Answer:
Insured uses preferred providers in exchange for paying lower premiums
Q: Which of the following would provide a reimbursement of some premiums
when a long-term care policy is cancelled?
Answer:
Return of premium rider
Q: When is it acceptable to charge or receive a fee or service charge in addition to
the premium in connection with the transaction of insurance?
Answer:
If the amount of the fee or service charge is reasonably related to the cost of the
service
,XCEL Arizona Life and Health Insurance State Questions and Answers
with Verified Solutions | Latest 2026 Update
Q: Custodial care is normally covered under
Answer:
Long-term care insurance
Q: When an annuity contract has been fully surrendered, how will the surrender
charges affect the final contract settlement?
Answer:
Final contract settlement will be reduced
Q: Which settlement option makes minimum guaranteed dollar payments over a
stated number of years?
Answer:
Fixed-Period
Q: Which of the following describes the act of insuring a risk against possible loss?
Answer:
Risk transfer
, XCEL Arizona Life and Health Insurance State Questions and Answers
with Verified Solutions | Latest 2026 Update
Q: The Telemarketing Sales Rule states that ______ is the LATEST time of day
that telemarketing
Answer:
calls may be received. 9:00 PM
Q: Mary has a Health Savings Account (HSA). Distributions that she has made for
anything other
Answer:
than qualified medical expenses are considered taxable and subject to a penalty of
20%
Q: An insured MUST wait ___ days to bring legal action against an insurer after
written proof of
Answer:
loss has been received by the insurer. 60
with Verified Solutions | Latest 2026 Update
Q: insurance contract?
Answer:
Can be unequal
Q: What typically changes at the re-entry option date found in some term life
policies?
Answer:
premium
Q: Which of these policies is considered to be a comprehensive health policy?
Answer:
Major medical policy
Q: Peter, age 50, surrenders his modified endowment contract (MEC). How is the
gain treated in terms of federal income taxes?
Answer:
The gain is treated as taxable income and a penalty tax is imposed on the gain
,XCEL Arizona Life and Health Insurance State Questions and Answers
with Verified Solutions | Latest 2026 Update
Q: Which of these statements reflects an accurate portrayal of Medicare SELECT?
Answer:
Insured uses preferred providers in exchange for paying lower premiums
Q: Which of the following would provide a reimbursement of some premiums
when a long-term care policy is cancelled?
Answer:
Return of premium rider
Q: When is it acceptable to charge or receive a fee or service charge in addition to
the premium in connection with the transaction of insurance?
Answer:
If the amount of the fee or service charge is reasonably related to the cost of the
service
,XCEL Arizona Life and Health Insurance State Questions and Answers
with Verified Solutions | Latest 2026 Update
Q: Custodial care is normally covered under
Answer:
Long-term care insurance
Q: When an annuity contract has been fully surrendered, how will the surrender
charges affect the final contract settlement?
Answer:
Final contract settlement will be reduced
Q: Which settlement option makes minimum guaranteed dollar payments over a
stated number of years?
Answer:
Fixed-Period
Q: Which of the following describes the act of insuring a risk against possible loss?
Answer:
Risk transfer
, XCEL Arizona Life and Health Insurance State Questions and Answers
with Verified Solutions | Latest 2026 Update
Q: The Telemarketing Sales Rule states that ______ is the LATEST time of day
that telemarketing
Answer:
calls may be received. 9:00 PM
Q: Mary has a Health Savings Account (HSA). Distributions that she has made for
anything other
Answer:
than qualified medical expenses are considered taxable and subject to a penalty of
20%
Q: An insured MUST wait ___ days to bring legal action against an insurer after
written proof of
Answer:
loss has been received by the insurer. 60
