XCEL TESTING SOLUTIONS- LIFE AND HEALTH
INSURANCE- WEIGHTED EXAM- 150 QUESTIONS
AND ANSWERS (VERIFIED ANSWER) ||LATEST
UPDATE 2025
Save
Terms in this set (150)
The Do Not Call Registry insurance sales calls
offers exemptions for calls Charities, political organizations, and surveys are all
placed from all of the offered exemptions from The Do Not Call Registry
following EXCEPT
The type of policy where cancelable
the insurer can send a The renewability provision in a cancelable policy
notice to the insured that allows the insurer to cancel or terminate the policy at
the policy has been any time, simply by providing written notification to
cancelled in the middle of the insured and refunding any advance premium that
the term is called has been paid.
Barbara's policy includes a Guaranteed insurability rider
rider which allows her to A guaranteed insurability rider allows for the insured
purchase additional to purchase additional insurance at specific dates or
insurance at specific dates events without evidence of insurability.
or events without
evidence of insurability.
This rider is called a(n)
,Disability Income plans Noncancellable
which require that the A noncancellable policy cannot be cancelled nor can
insurer can NEVER change its premium rates be increased under any
or alter premium rates are circumstances.
usually considered
Declarations
In what part of an
Essentially, the insurance declaration page is like a
insurance policy are
quick guide to the insurance policy, providing all of
policy benefits found?
the basic information the policyholder needs to know.
What happens if the Benefits will be calculated according to how much
insurer discovers that the coverage the premium paid would have purchased
insured's age was for the correct age
accidentally misstated on Benefits will be calculated according to how much
an application for an coverage the premium paid would have purchased
individual life insurance for the correct age.
policy?
Health insurance will Injury due to accident
typically cover which of Accidental injury is typically a covered peril in health
the following perils? insurance.
A life insurance policyowner and a viatical settlement
A viatical settlement provider
contract is an agreement A viatical settlement contract is an agreement
between between a life insurance policyowner and a viatical
settlement provider.
The insurer significantly raises co-insurance charges,
Under the Affordable
deductibles, or co-payment charges
Care Act, how would a
According to the Affordable Care Act, grandfathered
grandfathered health plan
health plans may lose their grandfathered status if the
lose its grandfathered
insurer significantly raises co-insurance charges,
status?
deductibles, or co-payment charges
, Which of these techniques Risk avoidance
will remove the risk of Risk avoidance could eliminate the risk of losing
losing money in the stock money in the stock market by never investing in
market by never stocks.
purchasing stocks?
Which of the following Assisted living facilities
nursing home options An assisted living facility would best suit an individual
would BEST suit an who needs some nursing care and supervision but not
individual who needs full-time care.
some nursing care and
supervision but NOT full-
time care?
Under Louisiana law, the an appointment
agreement between an The agreement between an insurance producer and
insurance producer and insurer under which the insurance producer, for
insurer under which the compensation, may sell, solicit, or negotiate policies
insurance producer, for issued by the insurer is called an appointment.
compensation, may sell,
solicit, or negotiate
policies issued by the
insurer is defined as
Which of these would Loss of a leg or arm
NOT be considered a The loss of ONE arm or a leg is NOT considered a
presumptive disability? presumptive disability.
A producer's license in Two years
Louisiana must be Producer licenses are issued for periods of 2 years.
renewed every
Bill requires some nursing Assisted living
care and supervision but An assisted living facility would best suit an individual
NOT full-time care. Which who needs some nursing care and supervision but not
of these nursing home full-time care.
options would best serve
him?
INSURANCE- WEIGHTED EXAM- 150 QUESTIONS
AND ANSWERS (VERIFIED ANSWER) ||LATEST
UPDATE 2025
Save
Terms in this set (150)
The Do Not Call Registry insurance sales calls
offers exemptions for calls Charities, political organizations, and surveys are all
placed from all of the offered exemptions from The Do Not Call Registry
following EXCEPT
The type of policy where cancelable
the insurer can send a The renewability provision in a cancelable policy
notice to the insured that allows the insurer to cancel or terminate the policy at
the policy has been any time, simply by providing written notification to
cancelled in the middle of the insured and refunding any advance premium that
the term is called has been paid.
Barbara's policy includes a Guaranteed insurability rider
rider which allows her to A guaranteed insurability rider allows for the insured
purchase additional to purchase additional insurance at specific dates or
insurance at specific dates events without evidence of insurability.
or events without
evidence of insurability.
This rider is called a(n)
,Disability Income plans Noncancellable
which require that the A noncancellable policy cannot be cancelled nor can
insurer can NEVER change its premium rates be increased under any
or alter premium rates are circumstances.
usually considered
Declarations
In what part of an
Essentially, the insurance declaration page is like a
insurance policy are
quick guide to the insurance policy, providing all of
policy benefits found?
the basic information the policyholder needs to know.
What happens if the Benefits will be calculated according to how much
insurer discovers that the coverage the premium paid would have purchased
insured's age was for the correct age
accidentally misstated on Benefits will be calculated according to how much
an application for an coverage the premium paid would have purchased
individual life insurance for the correct age.
policy?
Health insurance will Injury due to accident
typically cover which of Accidental injury is typically a covered peril in health
the following perils? insurance.
A life insurance policyowner and a viatical settlement
A viatical settlement provider
contract is an agreement A viatical settlement contract is an agreement
between between a life insurance policyowner and a viatical
settlement provider.
The insurer significantly raises co-insurance charges,
Under the Affordable
deductibles, or co-payment charges
Care Act, how would a
According to the Affordable Care Act, grandfathered
grandfathered health plan
health plans may lose their grandfathered status if the
lose its grandfathered
insurer significantly raises co-insurance charges,
status?
deductibles, or co-payment charges
, Which of these techniques Risk avoidance
will remove the risk of Risk avoidance could eliminate the risk of losing
losing money in the stock money in the stock market by never investing in
market by never stocks.
purchasing stocks?
Which of the following Assisted living facilities
nursing home options An assisted living facility would best suit an individual
would BEST suit an who needs some nursing care and supervision but not
individual who needs full-time care.
some nursing care and
supervision but NOT full-
time care?
Under Louisiana law, the an appointment
agreement between an The agreement between an insurance producer and
insurance producer and insurer under which the insurance producer, for
insurer under which the compensation, may sell, solicit, or negotiate policies
insurance producer, for issued by the insurer is called an appointment.
compensation, may sell,
solicit, or negotiate
policies issued by the
insurer is defined as
Which of these would Loss of a leg or arm
NOT be considered a The loss of ONE arm or a leg is NOT considered a
presumptive disability? presumptive disability.
A producer's license in Two years
Louisiana must be Producer licenses are issued for periods of 2 years.
renewed every
Bill requires some nursing Assisted living
care and supervision but An assisted living facility would best suit an individual
NOT full-time care. Which who needs some nursing care and supervision but not
of these nursing home full-time care.
options would best serve
him?
