XCEL TESTING SOLUTIONS- LIFE AND HEALTH INSURANCE-
Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150
WEIGHTED EXAM- 150 QUESTIONS AND ANSWERS (VERIFIED
Questions
ANSWER) ||LATEST
Study online UPDATE 2025
at https://quizlet.com/_48po3c
1. The Do Not Call Registry offers exemp- insurance sales calls
tions for calls placed from all of the Charities, political organizations, and surveys are
following EXCEPT all offered exemptions from The Do Not Call Reg-
istry
2. The type of policy where the insurer cancelable
can send a notice to the insured that The renewability provision in a cancelable policy
the policy has been cancelled in the allows the insurer to cancel or terminate the policy
middle of the term is called at any time, simply by providing written notifica-
tion to the insured and refunding any advance
premium that has been paid.
3. Barbara's policy includes a rider which Guaranteed insurability rider
allows her to purchase additional in- A guaranteed insurability rider allows for the in-
surance at specific dates or events sured to purchase additional insurance at specific
without evidence of insurability. This dates or events without evidence of insurability.
rider is called a(n)
4. Disability Income plans which require Noncancellable
that the insurer can NEVER change or A noncancellable policy cannot be cancelled nor
alter premium rates are usually con- can its premium rates be increased under any
sidered circumstances.
5. In what part of an insurance policy are Declarations
policy benefits found? 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.
6. What happens if the insurer discovers Benefits will be calculated according to how much
that the insured's age was accidentally coverage the premium paid would have pur-
chased for the correct age
, Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150
Questions
Study online at https://quizlet.com/_48po3c
misstated on an application for an in- Benefits will be calculated according to how much
dividual life insurance policy? coverage the premium paid would have pur-
chased for the correct age.
7. Health insurance will typically cover Injury due to accident
which of the following perils? Accidental injury is typically a covered peril in
health insurance.
8. A viatical settlement contract is an A life insurance policyowner and a viatical settle-
agreement between ment provider
A viatical settlement contract is an agreement be-
tween a life insurance policyowner and a viatical
settlement provider.
9. Under the Affordable Care Act, how The insurer significantly raises co-insurance
would a grandfathered health plan charges, deductibles, or co-payment charges
lose its grandfathered status? According to the Affordable Care Act, grand-
fathered health plans may lose their grandfa-
thered status if the insurer significantly raises
co-insurance charges, deductibles, or co-pay-
ment charges
10. Which of these techniques will remove Risk avoidance
the risk of losing money in the stock Risk avoidance could eliminate the risk of losing
market by never purchasing stocks? money in the stock market by never investing in
stocks.
11. Which of the following nursing home Assisted living facilities
options would BEST suit an individual An assisted living facility would best suit an indi-
who needs some nursing care and su- vidual who needs some nursing care and super-
pervision but NOT full-time care? vision but not full-time care.
, Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150
Questions
Study online at https://quizlet.com/_48po3c
12. Under Louisiana law, the agreement an appointment
between an insurance producer and The agreement between an insurance producer
insurer under which the insurance pro- and insurer under which the insurance producer,
ducer, for compensation, may sell, so- for compensation, may sell, solicit, or negotiate
licit, or negotiate policies issued by the policies issued by the insurer is called an appoint-
insurer is defined as ment.
13. Which of these would NOT be consid- Loss of a leg or arm
ered a presumptive disability? The loss of ONE arm or a leg is NOT considered a
presumptive disability.
14. A producer's license in Louisiana must Two years
be renewed every Producer licenses are issued for periods of 2
years.
15. Bill requires some nursing care and Assisted living
supervision but NOT full-time care. An assisted living facility would best suit an indi-
Which of these nursing home options vidual who needs some nursing care and super-
would best serve him? vision but not full-time care.
16. The open enrollment period for 65
Medicare Supplements begins at age Open enrollment for Medicare Supplements be-
gins at the age the individual becomes eligible for
Medicare, which is typically age 65.
17. Mark continues working after the age Medicare is the secondary payer
of 65 and is covered through his em- If an individual continues to work after the age
ployer's group health plan. Which of of 65 and keeps the group plan, primary cover-
the following statements is TRUE? age comes from the group insurance plan and
Medicare is considered the secondary payer.
18.
Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150
WEIGHTED EXAM- 150 QUESTIONS AND ANSWERS (VERIFIED
Questions
ANSWER) ||LATEST
Study online UPDATE 2025
at https://quizlet.com/_48po3c
1. The Do Not Call Registry offers exemp- insurance sales calls
tions for calls placed from all of the Charities, political organizations, and surveys are
following EXCEPT all offered exemptions from The Do Not Call Reg-
istry
2. The type of policy where the insurer cancelable
can send a notice to the insured that The renewability provision in a cancelable policy
the policy has been cancelled in the allows the insurer to cancel or terminate the policy
middle of the term is called at any time, simply by providing written notifica-
tion to the insured and refunding any advance
premium that has been paid.
3. Barbara's policy includes a rider which Guaranteed insurability rider
allows her to purchase additional in- A guaranteed insurability rider allows for the in-
surance at specific dates or events sured to purchase additional insurance at specific
without evidence of insurability. This dates or events without evidence of insurability.
rider is called a(n)
4. Disability Income plans which require Noncancellable
that the insurer can NEVER change or A noncancellable policy cannot be cancelled nor
alter premium rates are usually con- can its premium rates be increased under any
sidered circumstances.
5. In what part of an insurance policy are Declarations
policy benefits found? 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.
6. What happens if the insurer discovers Benefits will be calculated according to how much
that the insured's age was accidentally coverage the premium paid would have pur-
chased for the correct age
, Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150
Questions
Study online at https://quizlet.com/_48po3c
misstated on an application for an in- Benefits will be calculated according to how much
dividual life insurance policy? coverage the premium paid would have pur-
chased for the correct age.
7. Health insurance will typically cover Injury due to accident
which of the following perils? Accidental injury is typically a covered peril in
health insurance.
8. A viatical settlement contract is an A life insurance policyowner and a viatical settle-
agreement between ment provider
A viatical settlement contract is an agreement be-
tween a life insurance policyowner and a viatical
settlement provider.
9. Under the Affordable Care Act, how The insurer significantly raises co-insurance
would a grandfathered health plan charges, deductibles, or co-payment charges
lose its grandfathered status? According to the Affordable Care Act, grand-
fathered health plans may lose their grandfa-
thered status if the insurer significantly raises
co-insurance charges, deductibles, or co-pay-
ment charges
10. Which of these techniques will remove Risk avoidance
the risk of losing money in the stock Risk avoidance could eliminate the risk of losing
market by never purchasing stocks? money in the stock market by never investing in
stocks.
11. Which of the following nursing home Assisted living facilities
options would BEST suit an individual An assisted living facility would best suit an indi-
who needs some nursing care and su- vidual who needs some nursing care and super-
pervision but NOT full-time care? vision but not full-time care.
, Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150
Questions
Study online at https://quizlet.com/_48po3c
12. Under Louisiana law, the agreement an appointment
between an insurance producer and The agreement between an insurance producer
insurer under which the insurance pro- and insurer under which the insurance producer,
ducer, for compensation, may sell, so- for compensation, may sell, solicit, or negotiate
licit, or negotiate policies issued by the policies issued by the insurer is called an appoint-
insurer is defined as ment.
13. Which of these would NOT be consid- Loss of a leg or arm
ered a presumptive disability? The loss of ONE arm or a leg is NOT considered a
presumptive disability.
14. A producer's license in Louisiana must Two years
be renewed every Producer licenses are issued for periods of 2
years.
15. Bill requires some nursing care and Assisted living
supervision but NOT full-time care. An assisted living facility would best suit an indi-
Which of these nursing home options vidual who needs some nursing care and super-
would best serve him? vision but not full-time care.
16. The open enrollment period for 65
Medicare Supplements begins at age Open enrollment for Medicare Supplements be-
gins at the age the individual becomes eligible for
Medicare, which is typically age 65.
17. Mark continues working after the age Medicare is the secondary payer
of 65 and is covered through his em- If an individual continues to work after the age
ployer's group health plan. Which of of 65 and keeps the group plan, primary cover-
the following statements is TRUE? age comes from the group insurance plan and
Medicare is considered the secondary payer.
18.
