XCEL SOLUTIONS - FINAL EXAM
NEWEST ACTUAL EXAM COMPLETE
180 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED
A+||BRAND NEW VERSION 2026!!!
Kmhasmamlifeminsurancempolicymwheremhermhusbandmismbeneficiarymandmhermdaughtermismcontingen
tmbeneficiary.mUndermthemCommonmDisastermclause,mifmKmandmhermhusbandmarembothmkilledminmanm
automobilemaccident,mwheremwouldmthemdeathmproceedsmbemdirected?m-
mCORRECTmANSWERDaughter
WhenmismamGroupmHealthmpolicymrequiredmtomprovidemcoveragemformamnewbornmchild?m-
mCORRECTmANSWERAtmthemmomentmofmbirth
WhatmismthemrequiredmrenewabilitymstatusmofmallmMedicaremsupplementmpolicies?m-
mCORRECTmANSWERGuaranteedmrenewable
WhomissuesmMedicaremSupplementmpolicies?m-mCORRECTmANSWERinsurancemcompanies
Pmismtheminsuredmonmamparticipatingmlifempolicy.mWhichmstatementmismtruemifmP'smpremiumsmaremwa
ivedmduemtomdisability?m-mCORRECTmANSWERPmwillmstillmreceivemdeclaredmdividends
Whatmtypemofmpolicymwouldmoffermam40-yearmoldmthemquickestmaccumulationmofmcashmvalue?m-
mCORRECTmANSWER20-paymlife
ThemNevadamInsurancemGuarantymAssociationm-
mCORRECTmANSWERprotectsmNevadaminsurancempolicymownersminmthemeventmanminsurancemcomp
anymbecomesminsolvent
,Themmostmimportantmfactormtomconsidermwhenmdeterminingmwhethermtomconvertmtermminsurance
matmtheminsured'smattainedmagemormtomtheminsured'smoriginalmagemis:m-mCORRECTmANSWERthemcost
AmMedicaremSupplementmpolicymmaymbemcancelledmformwhichmofmthemfollowingmreasons?m-
mCORRECTmANSWERThempremiumsmhasmnotmbeenmpaidmbymtheminsured
Amnoncontributorymgroupmtermmlifemplanmismcharacterizedmby:m-
mCORRECTmANSWERThementiremcostmofmthemplanmismpaidmformbymthememployer
Variablemannuitiesmmayminvestmpremiumsminmeachmofmthemfollowing,mEXCEPT:m-
mCORRECTmANSWERInsurer'smcorporatembusinessmaccount
WhichmofmthemfollowingmcostsmwouldmamBasicmHospital/Surgicalmpolicymlikelymcover?m-
mCORRECTmANSWERSurgicallymremovingmamfacialmbirthmark
Informationmobtainedmfrommamphonemconversationmtomthemproposedminsuredmcanmbemfoundminmw
hichmofmthesemreports?m-mCORRECTmANSWERInspectionmreport
Tmismreceivingm$3,000/monthmfrommamDisabilitymIncomempolicyminmwhichmT'smemployermhasmpadmt
hempremiums.mHowmaremthem$3,000mbenefitmpaymentsmtaxable?m-
mCORRECTmANSWERBenefitsmaremtaxablemtomT.
Whatmkindmofminsurancempolicymsuppliesmanmincomemstreammovermamsetmperiodmofmtimemthatmstart
smwhenmtheminsuredmdies?m-mCORRECTmANSWERFamilymMaintenancemPolicy
BasicmMedicalmExpenseminsurance:m-
mCORRECTmANSWERhasmlowermbenefitmlimitsmthanmMajormMedicalmInsurance
, WhatmismthemrequirementmformmaintainingmanmindividualmNevadamproducermlicense?m-
mCORRECTmANSWERcompletingm30mhoursmofmcontinuingmeducationmeverym3myears
Jmismamproducermwhomhasminducedmanminsuredmthroughmmisrepresentationmtomsurrendermanmexisti
ngminsurancempolicy.mWhatmismJmguiltymof?m-mCORRECTmANSWERTwisting
Whichmofmthesemismconsideredmammandatorymprovision?m-mCORRECTmANSWERpaymentmofmclaims
WhichmlifeminsurancemridermtypicallymappearsmonmamJuvenilemlifeminsurancempolicy?m-
mCORRECTmANSWERpayormbenefitmrider
WhatmismthemexcisemtaxmratemthemIRSmimposesmonmindividualsmagedm70m1/2mormoldermwhomdomnotm
takemthemrequiredmminimummdistributionsmfrommtheirmqualifiedmretirementmplan?m-
mCORRECTmANSWER50%
AnmindividualmhasmamMajormMedicalmpolicymwithmam$5,000mdeductiblemandmanm80/20mCoinsurance
mclause.mHowmmuchmwillmthemINSUREDmhavemtompaymifmamtotalmofm$15,000minmcoveredmmedicalmex
pensesmaremincurred?m-mCORRECTmANSWER$7,000
WithinmhowmmanymdaysmaftermpolicymdeliverymcanmamLong-
termmCarempolicymbemreturnedmformam100%mpremiummrefund?m-mCORRECTmANSWER30
Whichmofmthemfollowingmismanmexamplemofmdefamation?m-
mCORRECTmANSWERcirculatingmbrochuresmthatmfalselymdenouncemthemfinancialmconditionmofmanmi
nsurer
TmhasmamDisabilitymIncomempolicymthatmpaysmammonthlymbenefitmofm$5,000.mIfmTmbecomesmpartially
mdisabled,mwhatmcanmhemlikelymexpect?m-
mCORRECTmANSWERLessmthanm$5,000mpermmonthmbenefitmregardlessmofmthemcause
NEWEST ACTUAL EXAM COMPLETE
180 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED
A+||BRAND NEW VERSION 2026!!!
Kmhasmamlifeminsurancempolicymwheremhermhusbandmismbeneficiarymandmhermdaughtermismcontingen
tmbeneficiary.mUndermthemCommonmDisastermclause,mifmKmandmhermhusbandmarembothmkilledminmanm
automobilemaccident,mwheremwouldmthemdeathmproceedsmbemdirected?m-
mCORRECTmANSWERDaughter
WhenmismamGroupmHealthmpolicymrequiredmtomprovidemcoveragemformamnewbornmchild?m-
mCORRECTmANSWERAtmthemmomentmofmbirth
WhatmismthemrequiredmrenewabilitymstatusmofmallmMedicaremsupplementmpolicies?m-
mCORRECTmANSWERGuaranteedmrenewable
WhomissuesmMedicaremSupplementmpolicies?m-mCORRECTmANSWERinsurancemcompanies
Pmismtheminsuredmonmamparticipatingmlifempolicy.mWhichmstatementmismtruemifmP'smpremiumsmaremwa
ivedmduemtomdisability?m-mCORRECTmANSWERPmwillmstillmreceivemdeclaredmdividends
Whatmtypemofmpolicymwouldmoffermam40-yearmoldmthemquickestmaccumulationmofmcashmvalue?m-
mCORRECTmANSWER20-paymlife
ThemNevadamInsurancemGuarantymAssociationm-
mCORRECTmANSWERprotectsmNevadaminsurancempolicymownersminmthemeventmanminsurancemcomp
anymbecomesminsolvent
,Themmostmimportantmfactormtomconsidermwhenmdeterminingmwhethermtomconvertmtermminsurance
matmtheminsured'smattainedmagemormtomtheminsured'smoriginalmagemis:m-mCORRECTmANSWERthemcost
AmMedicaremSupplementmpolicymmaymbemcancelledmformwhichmofmthemfollowingmreasons?m-
mCORRECTmANSWERThempremiumsmhasmnotmbeenmpaidmbymtheminsured
Amnoncontributorymgroupmtermmlifemplanmismcharacterizedmby:m-
mCORRECTmANSWERThementiremcostmofmthemplanmismpaidmformbymthememployer
Variablemannuitiesmmayminvestmpremiumsminmeachmofmthemfollowing,mEXCEPT:m-
mCORRECTmANSWERInsurer'smcorporatembusinessmaccount
WhichmofmthemfollowingmcostsmwouldmamBasicmHospital/Surgicalmpolicymlikelymcover?m-
mCORRECTmANSWERSurgicallymremovingmamfacialmbirthmark
Informationmobtainedmfrommamphonemconversationmtomthemproposedminsuredmcanmbemfoundminmw
hichmofmthesemreports?m-mCORRECTmANSWERInspectionmreport
Tmismreceivingm$3,000/monthmfrommamDisabilitymIncomempolicyminmwhichmT'smemployermhasmpadmt
hempremiums.mHowmaremthem$3,000mbenefitmpaymentsmtaxable?m-
mCORRECTmANSWERBenefitsmaremtaxablemtomT.
Whatmkindmofminsurancempolicymsuppliesmanmincomemstreammovermamsetmperiodmofmtimemthatmstart
smwhenmtheminsuredmdies?m-mCORRECTmANSWERFamilymMaintenancemPolicy
BasicmMedicalmExpenseminsurance:m-
mCORRECTmANSWERhasmlowermbenefitmlimitsmthanmMajormMedicalmInsurance
, WhatmismthemrequirementmformmaintainingmanmindividualmNevadamproducermlicense?m-
mCORRECTmANSWERcompletingm30mhoursmofmcontinuingmeducationmeverym3myears
Jmismamproducermwhomhasminducedmanminsuredmthroughmmisrepresentationmtomsurrendermanmexisti
ngminsurancempolicy.mWhatmismJmguiltymof?m-mCORRECTmANSWERTwisting
Whichmofmthesemismconsideredmammandatorymprovision?m-mCORRECTmANSWERpaymentmofmclaims
WhichmlifeminsurancemridermtypicallymappearsmonmamJuvenilemlifeminsurancempolicy?m-
mCORRECTmANSWERpayormbenefitmrider
WhatmismthemexcisemtaxmratemthemIRSmimposesmonmindividualsmagedm70m1/2mormoldermwhomdomnotm
takemthemrequiredmminimummdistributionsmfrommtheirmqualifiedmretirementmplan?m-
mCORRECTmANSWER50%
AnmindividualmhasmamMajormMedicalmpolicymwithmam$5,000mdeductiblemandmanm80/20mCoinsurance
mclause.mHowmmuchmwillmthemINSUREDmhavemtompaymifmamtotalmofm$15,000minmcoveredmmedicalmex
pensesmaremincurred?m-mCORRECTmANSWER$7,000
WithinmhowmmanymdaysmaftermpolicymdeliverymcanmamLong-
termmCarempolicymbemreturnedmformam100%mpremiummrefund?m-mCORRECTmANSWER30
Whichmofmthemfollowingmismanmexamplemofmdefamation?m-
mCORRECTmANSWERcirculatingmbrochuresmthatmfalselymdenouncemthemfinancialmconditionmofmanmi
nsurer
TmhasmamDisabilitymIncomempolicymthatmpaysmammonthlymbenefitmofm$5,000.mIfmTmbecomesmpartially
mdisabled,mwhatmcanmhemlikelymexpect?m-
mCORRECTmANSWERLessmthanm$5,000mpermmonthmbenefitmregardlessmofmthemcause