XCEL Georgia Life, Accident, & Sickness
SIMULATOR 2025/2026 BANK 2
VERSIONS COMPLETE STUDY GUIDE
ACCURATE REAL EXAM QUESTIONS
TESTING VERSIONS AND A STUDY
GUIDE | EXPERT VERIFIED FOR
GUARANTEED PASS
P loses an arm in a farm accident and is paid $10,000 from
his Accidental Death and Dismemberment policy. This
benefit is known as the
A) Dismemberment Sum
B) Capital Sum
C) Principal Sum
D) Remnant Sum - ....ANSWER...B) Capital Sum
The capital sum is the amount payable for the accidental
loss pf eyesight or for an accidental dismemberment. It is
,usually a percentage of the principal sum and varies
according to the severity of the injury.
K failed to pay a renewal premium within the time
granted by the insurer. K then sends in a payment which
the insurer subsequently accepts. Which policy provision
specifies that coverage may be restored in this situation?
A) Free-look
B) Reinstatement
C) Grace Period
D) Consideration - ....ANSWER...B) Reinstatement
In this situation, coverage may be restored under the
reinstatement provision.
Which Long Term Care insurance statement is true?
A) Inflation protection is usually not offered
B) Benefits are usually payable for alcohol rehabilitation
C) Can only be offered to individuals under the age of 70
,D) Pre-existing conditions must be covered after the
coverage has been in force for six-months -
....ANSWER...D) Pre-existing conditions must be covered
after the coverage has been in force for six-months
Pre-existing conditions are those for which medical advice
or treatment was recommended by or received from a
health provider within 6 months preceding the effective
date of an individual long-term care policy.
All of these statement about Equity Indexed Life
Insurance are correct, EXCEPT:
A) Cash value has a minimum rate of accumulation
B) If the gain on the index goes beyond the policy's
minimum rate of return, the cash value will mirror that of
the index
C) The premiums can be lowered or raised, based on
investment performance
D) Tied to an equity index such as the S&P 500 -
....ANSWER...C) The premiums can be lowered or raised,
based on investment performance
, Equity Indexed Life Insurance is permanent life insurance
that allows policyholders to tie accumulation values to a
stock market index.
With Disability Income insurance, an insurance company
may limit the monthly benefit amount a prospective
policy holder may obtain because of the insured's:
A) Monthly expenditures at the time of disability
B) Gross income at the time of purchase
C) Gross income at the time of disability
D) Occupation at the time of purchase - ....ANSWER...B)
Gross income at the time of purchase
The insured's earned income at the time of purchase limits
the amount of the monthly benefit that an insured may
purchase in a Disability Income Policy.
B is a teacher who was injured in a car accident and
cannot work. She is now receiving monthly benefits as a
result of this accident. Which type of policy does B have?
SIMULATOR 2025/2026 BANK 2
VERSIONS COMPLETE STUDY GUIDE
ACCURATE REAL EXAM QUESTIONS
TESTING VERSIONS AND A STUDY
GUIDE | EXPERT VERIFIED FOR
GUARANTEED PASS
P loses an arm in a farm accident and is paid $10,000 from
his Accidental Death and Dismemberment policy. This
benefit is known as the
A) Dismemberment Sum
B) Capital Sum
C) Principal Sum
D) Remnant Sum - ....ANSWER...B) Capital Sum
The capital sum is the amount payable for the accidental
loss pf eyesight or for an accidental dismemberment. It is
,usually a percentage of the principal sum and varies
according to the severity of the injury.
K failed to pay a renewal premium within the time
granted by the insurer. K then sends in a payment which
the insurer subsequently accepts. Which policy provision
specifies that coverage may be restored in this situation?
A) Free-look
B) Reinstatement
C) Grace Period
D) Consideration - ....ANSWER...B) Reinstatement
In this situation, coverage may be restored under the
reinstatement provision.
Which Long Term Care insurance statement is true?
A) Inflation protection is usually not offered
B) Benefits are usually payable for alcohol rehabilitation
C) Can only be offered to individuals under the age of 70
,D) Pre-existing conditions must be covered after the
coverage has been in force for six-months -
....ANSWER...D) Pre-existing conditions must be covered
after the coverage has been in force for six-months
Pre-existing conditions are those for which medical advice
or treatment was recommended by or received from a
health provider within 6 months preceding the effective
date of an individual long-term care policy.
All of these statement about Equity Indexed Life
Insurance are correct, EXCEPT:
A) Cash value has a minimum rate of accumulation
B) If the gain on the index goes beyond the policy's
minimum rate of return, the cash value will mirror that of
the index
C) The premiums can be lowered or raised, based on
investment performance
D) Tied to an equity index such as the S&P 500 -
....ANSWER...C) The premiums can be lowered or raised,
based on investment performance
, Equity Indexed Life Insurance is permanent life insurance
that allows policyholders to tie accumulation values to a
stock market index.
With Disability Income insurance, an insurance company
may limit the monthly benefit amount a prospective
policy holder may obtain because of the insured's:
A) Monthly expenditures at the time of disability
B) Gross income at the time of purchase
C) Gross income at the time of disability
D) Occupation at the time of purchase - ....ANSWER...B)
Gross income at the time of purchase
The insured's earned income at the time of purchase limits
the amount of the monthly benefit that an insured may
purchase in a Disability Income Policy.
B is a teacher who was injured in a car accident and
cannot work. She is now receiving monthly benefits as a
result of this accident. Which type of policy does B have?
