XCEL TESTING SOLUTIONS-LOUISIANA LIFE AND
HEALTH EXAM QUESTIONS AND ANSWERS
(VERIFIED AND WELL-DETAILLED ANSWER)
LATEST 2025/2026
Terms in this set (200)
XYZ Corp pays the tax- Benefits are fully taxable
deductible insurance If the business pays premium as a tax-deductible
expense, any benefits paid will be fully taxable.
premiums for a key
employee disability policy.
Which of the following would
be the appropriate tax
consequence?
- Premiums are paid
with tax credits
- Benefits are
partially taxable
- Benefits are fully taxable
- Premiums are paid
with after-tax dollars
At what age will a person Age 65
normally enroll with an Most people become eligible for Medicare (and
insurance carrier under a Medicare Supplement policies) when attaining the
Part C Medicare age of 65.
Advantage Plan?
- Age 59 1/2
- Age 60
- Age 62
- Age 65
,All of these statements When a whole life policy is surrendered, income taxes
concerning whole life may be owed
insurance are false Income taxes may be due when a whole life policy is
EXCEPT surrendered.
- Policyowner can take out
a policy loan up to the
face amount
- When a whole life policy
is surrendered, income
taxes may be owed
- Coverage is normally
temporary
- The death benefit is not
affected by outstanding
loans
The free-look provision the right to return the policy for a full refund within a
gives the policyowner specified number of days
- the right to return the Within a specified number of days, a free-look
policy for a partial refund
provision gives the policyholder the right to return
within a specified number
the policy for a full refund.
of days
- the right to contest
the terms of the policy
- the right to change
a policy provision
- the right to return
the policy for a full
refund
within a specified number
of days
,James is the insured on a The death benefit paid will be what the premium
life insurance policy where would have purchased at the correct age
his age was misstated on Under the Misstatement of Age provision, the amount
the application. Which of paid will be what the premium would have purchased
the following is CORRECT at the correct age.
regarding the death
benefit amount?
- The original face amount
will be paid to the
beneficiary
- The policy will be voided
with no death benefits
paid
- The death benefit paid
will be what the premium
would have purchased at
the correct age
- The amount of premiums
paid will be returned with
interest
What would be an Mortality cost
expense factor in an Mortality costs are considered an expense factor in
insurance program? an insurance program.
- Premiums collected
- Mortality costs
- Opportunity costs
- Investment interest
An insurer's license to do A Certificate of Authority
business in Louisiana is An insurer's license to do business in Louisiana is
called called a certificate of authority.
- a notice of risk
assignment
- a certificate of authority
- a mutual benefit card
- a license to solicit
registration
, 10/19/25, 9:01 PM XCEL TESTING SOLUTIONS-LOUISIANA LIFE AND HEALTH EXAM QUESTIONS AND ANSWERS (VERIFIED AND WELL DET…
A cease and desist order Prohibits a specific practice listed in the order
issued against a producer A cease and desist order issued against a producer
- Suspends the producer's prohibits a specific practice listed in the order.
certificate or broker's
license
- Prevents the producer
from receiving
commissions
- Prohibits a specific
practice listed in the order
- Terminates the
producer's appointment
with the insurer
Of the following dividend Accumulation at interest
options, which of these is The accumulation at interest is a taxable dividend
taxable? option.
- Reduction of premium
- One year term
- Paid-up additions
- Accumulation at interest
https://quizlet.com/1094985235/xcel-testing-solutions-louisiana-life-and-health-exam-questions-and-answers-verified-and-well-detailed-answer-lates… 4/79
HEALTH EXAM QUESTIONS AND ANSWERS
(VERIFIED AND WELL-DETAILLED ANSWER)
LATEST 2025/2026
Terms in this set (200)
XYZ Corp pays the tax- Benefits are fully taxable
deductible insurance If the business pays premium as a tax-deductible
expense, any benefits paid will be fully taxable.
premiums for a key
employee disability policy.
Which of the following would
be the appropriate tax
consequence?
- Premiums are paid
with tax credits
- Benefits are
partially taxable
- Benefits are fully taxable
- Premiums are paid
with after-tax dollars
At what age will a person Age 65
normally enroll with an Most people become eligible for Medicare (and
insurance carrier under a Medicare Supplement policies) when attaining the
Part C Medicare age of 65.
Advantage Plan?
- Age 59 1/2
- Age 60
- Age 62
- Age 65
,All of these statements When a whole life policy is surrendered, income taxes
concerning whole life may be owed
insurance are false Income taxes may be due when a whole life policy is
EXCEPT surrendered.
- Policyowner can take out
a policy loan up to the
face amount
- When a whole life policy
is surrendered, income
taxes may be owed
- Coverage is normally
temporary
- The death benefit is not
affected by outstanding
loans
The free-look provision the right to return the policy for a full refund within a
gives the policyowner specified number of days
- the right to return the Within a specified number of days, a free-look
policy for a partial refund
provision gives the policyholder the right to return
within a specified number
the policy for a full refund.
of days
- the right to contest
the terms of the policy
- the right to change
a policy provision
- the right to return
the policy for a full
refund
within a specified number
of days
,James is the insured on a The death benefit paid will be what the premium
life insurance policy where would have purchased at the correct age
his age was misstated on Under the Misstatement of Age provision, the amount
the application. Which of paid will be what the premium would have purchased
the following is CORRECT at the correct age.
regarding the death
benefit amount?
- The original face amount
will be paid to the
beneficiary
- The policy will be voided
with no death benefits
paid
- The death benefit paid
will be what the premium
would have purchased at
the correct age
- The amount of premiums
paid will be returned with
interest
What would be an Mortality cost
expense factor in an Mortality costs are considered an expense factor in
insurance program? an insurance program.
- Premiums collected
- Mortality costs
- Opportunity costs
- Investment interest
An insurer's license to do A Certificate of Authority
business in Louisiana is An insurer's license to do business in Louisiana is
called called a certificate of authority.
- a notice of risk
assignment
- a certificate of authority
- a mutual benefit card
- a license to solicit
registration
, 10/19/25, 9:01 PM XCEL TESTING SOLUTIONS-LOUISIANA LIFE AND HEALTH EXAM QUESTIONS AND ANSWERS (VERIFIED AND WELL DET…
A cease and desist order Prohibits a specific practice listed in the order
issued against a producer A cease and desist order issued against a producer
- Suspends the producer's prohibits a specific practice listed in the order.
certificate or broker's
license
- Prevents the producer
from receiving
commissions
- Prohibits a specific
practice listed in the order
- Terminates the
producer's appointment
with the insurer
Of the following dividend Accumulation at interest
options, which of these is The accumulation at interest is a taxable dividend
taxable? option.
- Reduction of premium
- One year term
- Paid-up additions
- Accumulation at interest
https://quizlet.com/1094985235/xcel-testing-solutions-louisiana-life-and-health-exam-questions-and-answers-verified-and-well-detailed-answer-lates… 4/79
