Xcel Life and Health Insurance Exam (Latest 2025/2026 Update) 150 Questions with Verified Answers | 100% Correct | Grade A.

Xcel Life and Health Insurance
Exam (Latest 2025/2026 Update)
150 Questions with Verified
Answers | 100% Correct | Grade A.

Question:

Health insurance will typically cover which of the following perils??
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Answer:

Injury due to accident
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i,- Accidental injury is typically a covered peril in health insurance.
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Question:
A viatical settlement contract is an agreement between?
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Answer:

A life insurance policyowner and a viatical settlement provider
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A viatical settlement contract is an agreement between a life insurance
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policyowner and a viatical settlement provider. i,- i,- i,- i,- i,-




Question:

Under the Affordable Care Act, how would a grandfathered health plan
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lose its grandfathered status??
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Answer:

,The insurer significantly raises co-insurance charges, deductibles, or co-
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payment charges i,-




According to the Affordable Care Act, grandfathered health plans may
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lose their grandfathered status if the insurer significantly raises co-
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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
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stock market by never purchasing stocks??
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Answer:

Risk avoidance
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Risk avoidance could eliminate the risk of losing money in the stock
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market by never investing in stocks.i,- i,- i,- i,- i,-




Question:
Which of the following nursing home options would BEST suit an
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individual who needs some nursing care and supervision but NOT full-
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time care?? i,-




Answer:

Assisted living facilities i,- i,-




An assisted living facility would best suit an individual who needs some
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nursing care and supervision but not full-time care.
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Question:

,Under Louisiana law, the agreement between an insurance producer and
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insurer under which the insurance producer, for compensation, may sell,
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solicit, or negotiate policies issued by the insurer is defined as?
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Answer:

an appointment
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The agreement between an insurance producer and insurer under which
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the insurance producer, for compensation, may sell, solicit, or negotiate
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policies issued by the insurer is called an appointment.
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Question:
Which of these would NOT be considered a presumptive disability??
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Answer:

Loss of a leg or armi,- i,- i,- i,- i,-




The loss of ONE arm or a leg is NOT considered a presumptive disability.
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Question:

A producer's license in Louisiana must be renewed every?
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Answer:

Two years i,-




Producer licenses are issued for periods of 2 years.
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Question:

Bill requires some nursing care and supervision but NOT full-time care.
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Which of these nursing home options would best serve him??
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Answer:

, Assisted living i,-




An assisted living facility would best suit an individual who needs some
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nursing care and supervision but not full-time care.
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Question:
The open enrollment period for Medicare Supplements begins at age?
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Answer:

65

Open enrollment for Medicare Supplements begins at the age the
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individual becomes eligible for Medicare, which is typically age 65.
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Question:

Mark continues working after the age of 65 and is covered through his
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employer's group health plan. Which of the following statements is TRUE??
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Answer:

Medicare is the secondary payer i,- i,- i,- i,-




If an individual continues to work after the age of 65 and keeps the
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group plan, primary coverage comes from the group insurance plan and
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Medicare is considered the secondary payer. i,- i,- i,- i,- i,-




Question:
The Do Not Call Registry offers exemptions for calls placed from all of the
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following EXCEPT? i,-




Answer:

insurance sales calls i,- i,-