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Xcel Testing Solutions- Life and Health
Insurance- Weighted Exam- 150
Questions Questions and Expert
Answers the Latest Version
Question: The Do Not Call Registry offers exemptions for calls placed from all
of the following EXCEPT
Answer: insurance sales calls
Charities, political organizations, and surveys are all offered exemptions from
The Do Not Call Registry
Question: The type of policy where the insurer can send a notice to the
insured that the policy has been cancelled in the middle of the term is called
Answer: cancelable
The renewability provision in a cancelable policy allows the insurer to cancel or
terminate the policy at any time, simply by providing written notification to
the insured and refunding any advance premium that has been paid.
Question: Barbara's policy includes a rider which allows her to purchase
additional insurance at specific dates or events without evidence of
insurability. This rider is called a(n)
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Answer: Guaranteed insurability rider
A guaranteed insurability rider allows for the insured to purchase additional
insurance at specific dates or events without evidence of insurability.
Question: Disability Income plans which require that the insurer can NEVER
change or alter premium rates are usually considered
Answer: Noncancellable
A noncancellable policy cannot be cancelled nor can its premium rates be
increased under any circumstances.
Question: In what part of an insurance policy are policy benefits found?
Answer: Declarations
Essentially, the insurance declaration page is like a quick guide to the
insurance policy, providing all of the basic information the policyholder needs
to know.
Question: What happens if the insurer discovers that the insured's age was
accidentally misstated on an application for an individual life insurance policy?
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Answer: Benefits will be calculated according to how much coverage the
premium paid would have purchased for the correct age
Benefits will be calculated according to how much coverage the premium paid
would have purchased for the correct age.
Question: Health insurance will typically cover which of the following perils?
Answer: Injury due to accident
Accidental injury is typically a covered peril in health insurance.
Question: A viatical settlement contract is an agreement between
Answer: A life insurance policyowner and a viatical settlement provider
A viatical settlement contract is an agreement between a life insurance
policyowner and a viatical settlement provider.
Question: Under the Affordable Care Act, how would a grandfathered health
plan lose its grandfathered status?
Answer: The insurer significantly raises co-insurance charges, deductibles, or
co-payment charges
According to the Affordable Care Act, grandfathered health plans may lose
their grandfathered status if the insurer significantly raises co-insurance
charges, deductibles, or co-payment charges
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Question: Which of these techniques will remove the risk of losing money in
the stock market by never purchasing stocks?
Answer: Risk avoidance
Risk avoidance could eliminate the risk of losing money in the stock market by
never investing in stocks.
Question: Which of the following nursing home options would BEST suit an
individual who needs some nursing care and supervision but NOT full-time
care?
Answer: Assisted living facilities
An assisted living facility would best suit an individual who needs some
nursing care and supervision but not full-time care.
Question: Under Louisiana law, the agreement between an insurance
producer and insurer under which the insurance producer, for compensation,
may sell, solicit, or negotiate policies issued by the insurer is defined as
Answer: an appointment
The agreement between an insurance producer and insurer under which the
insurance producer, for compensation, may sell, solicit, or negotiate policies
issued by the insurer is called an appointment.
Question: Which of these would NOT be considered a presumptive disability?
Xcel Testing Solutions- Life and Health
Insurance- Weighted Exam- 150
Questions Questions and Expert
Answers the Latest Version
Question: The Do Not Call Registry offers exemptions for calls placed from all
of the following EXCEPT
Answer: insurance sales calls
Charities, political organizations, and surveys are all offered exemptions from
The Do Not Call Registry
Question: The type of policy where the insurer can send a notice to the
insured that the policy has been cancelled in the middle of the term is called
Answer: cancelable
The renewability provision in a cancelable policy allows the insurer to cancel or
terminate the policy at any time, simply by providing written notification to
the insured and refunding any advance premium that has been paid.
Question: Barbara's policy includes a rider which allows her to purchase
additional insurance at specific dates or events without evidence of
insurability. This rider is called a(n)
, Page | 2
Answer: Guaranteed insurability rider
A guaranteed insurability rider allows for the insured to purchase additional
insurance at specific dates or events without evidence of insurability.
Question: Disability Income plans which require that the insurer can NEVER
change or alter premium rates are usually considered
Answer: Noncancellable
A noncancellable policy cannot be cancelled nor can its premium rates be
increased under any circumstances.
Question: In what part of an insurance policy are policy benefits found?
Answer: Declarations
Essentially, the insurance declaration page is like a quick guide to the
insurance policy, providing all of the basic information the policyholder needs
to know.
Question: What happens if the insurer discovers that the insured's age was
accidentally misstated on an application for an individual life insurance policy?
, Page | 3
Answer: Benefits will be calculated according to how much coverage the
premium paid would have purchased for the correct age
Benefits will be calculated according to how much coverage the premium paid
would have purchased for the correct age.
Question: Health insurance will typically cover which of the following perils?
Answer: Injury due to accident
Accidental injury is typically a covered peril in health insurance.
Question: A viatical settlement contract is an agreement between
Answer: A life insurance policyowner and a viatical settlement provider
A viatical settlement contract is an agreement between a life insurance
policyowner and a viatical settlement provider.
Question: Under the Affordable Care Act, how would a grandfathered health
plan lose its grandfathered status?
Answer: The insurer significantly raises co-insurance charges, deductibles, or
co-payment charges
According to the Affordable Care Act, grandfathered health plans may lose
their grandfathered status if the insurer significantly raises co-insurance
charges, deductibles, or co-payment charges
, Page | 4
Question: Which of these techniques will remove the risk of losing money in
the stock market by never purchasing stocks?
Answer: Risk avoidance
Risk avoidance could eliminate the risk of losing money in the stock market by
never investing in stocks.
Question: Which of the following nursing home options would BEST suit an
individual who needs some nursing care and supervision but NOT full-time
care?
Answer: Assisted living facilities
An assisted living facility would best suit an individual who needs some
nursing care and supervision but not full-time care.
Question: Under Louisiana law, the agreement between an insurance
producer and insurer under which the insurance producer, for compensation,
may sell, solicit, or negotiate policies issued by the insurer is defined as
Answer: an appointment
The agreement between an insurance producer and insurer under which the
insurance producer, for compensation, may sell, solicit, or negotiate policies
issued by the insurer is called an appointment.
Question: Which of these would NOT be considered a presumptive disability?
