XCEL NY-LIFE & HEALTH EXAM XCEL NY-LIFE & HEALTH EXAM SIMULATOR 2025 COMPLETE STUDY GUIDE ACCURATE REAL EXAM QUESTIONS TESTING VERSIONS AND A STUDY GUIDE | EXPERT VERIFIED FOR GUARANTEED PASS A business will typically use which type

1 | P a g e XCEL NY-LIFE & HEALTH EXAM




XCEL NY-LIFE & HEALTH EXAM SIMULATOR 2025
COMPLETE STUDY GUIDE ACCURATE REAL EXAM
QUESTIONS TESTING VERSIONS AND A STUDY
GUIDE | EXPERT VERIFIED FOR GUARANTEED PASS


A business will typically use which type of life insurance to

cover their employees? .....ANSWER.....Group policy

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A health insurance policy where the insurer has the right to

terminate the policy for reasons other than the insured's

health is called

.....ANSWER.....conditionally renewable


Which settlement options involves having the proceeds

remain with the insurer and earnings paid on a monthly

basis to the beneficiary? .....ANSWER.....interest only




The entire contract includes the actual policy and the

.....ANSWER.....application




Fraternal Benefit Society has each of the following

characteristics EXCEPT .....ANSWER.....Exist For profit

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An applicant's character and personal habits can be

obtained for underwriting purposes from which source?

.....ANSWER.....Investigative consumer report




Purchasing a life insurance policy in order to avoid the

forced sale of assets upon death is called

.....ANSWER.....estate conservation


Fixed period settlement options are considered to be a form

of a(n) .....ANSWER.....annuity




Funding for Medicare Part B is partially provided by

.....ANSWER.....user premiums

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Which of the following statements regarding Group

Disability Income insurance is TRUE? .....ANSWER.....it

provides benefits for nonoccupational illnesses and injuries

Which of these gaps in Medicare coverage is addressed with
Medicare

Supplemental Insurance? .....ANSWER.....Medicare
inhospital deductible




All of the following are examples of pure risk EXCEPT

.....ANSWER.....Losing money at a casino


All of these are valid options for an Adjustable Life Policy
EXCEPT