Xcel Testing Solutions- Life and Health
Insurance- Weighted Exam (Latest 2025 /
2026) Tested 150Questions with Revised
Answers, (A+ Guarantee)
The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT - CORRECT
ANSWERS insurance sales calls
Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry
The type of policy where the insurer can send a notice to the insured that the policy has been cancelled
in the middle of the term is called - CORRECT ANSWERS cancelable
The renewability provision in a cancelable policy allows the insurer to cancel or terminate the policy at
any time, simply by providing written notification to the insured and refunding any advance premium
that has been paid.
Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or
events without evidence of insurability. This rider is called a(n) - CORRECT ANSWERS
Guaranteed insurability rider
A guaranteed insurability rider allows for the insured to purchase additional insurance at specific dates
or events without evidence of insurability.
Disability Income plans which require that the insurer can NEVER change or alter premium rates are
usually considered - CORRECT ANSWERS Noncancellable
A noncancellable policy cannot be cancelled nor can its premium rates be increased under any
circumstances.
In what part of an insurance policy are policy benefits found? - CORRECT ANSWERS
Declarations
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.
What happens if the insurer discovers that the insured's age was accidentally misstated on an
application for an individual life insurance policy? - CORRECT ANSWERS Benefits will be
calculated according to how much coverage the premium paid would have purchased for the correct age
Benefits will be calculated according to how much coverage the premium paid would have purchased
for the correct age.
Health insurance will typically cover which of the following perils? - CORRECT ANSWERS
Injury due to accident
Accidental injury is typically a covered peril in health insurance.
A viatical settlement contract is an agreement between - CORRECT ANSWERS A life insurance
policyowner and a viatical settlement provider
A viatical settlement contract is an agreement between a life insurance policyowner and a viatical
settlement provider.
,Under the Affordable Care Act, how would a grandfathered health plan lose its grandfathered status? -
CORRECT ANSWERS The insurer significantly raises co-insurance charges, deductibles, or co-
payment charges
According to the Affordable Care Act, grandfathered health plans may lose their grandfathered status if
the insurer significantly raises co-insurance charges, deductibles, or co-payment charges
Which of these techniques will remove the risk of losing money in the stock market by never purchasing
stocks? - CORRECT ANSWERS Risk avoidance
Risk avoidance could eliminate the risk of losing money in the stock market by never investing in stocks.
Which of the following nursing home options would BEST suit an individual who needs some nursing
care and supervision but NOT full-time care? - CORRECT ANSWERS Assisted living facilities
An assisted living facility would best suit an individual who needs some nursing care and supervision but
not full-time care.
Under Louisiana law, the agreement between an insurance producer and insurer under which the
insurance producer, for compensation, may sell, solicit, or negotiate policies issued by the insurer is
defined as - CORRECT ANSWERS an appointment
The agreement between an insurance producer and insurer under which the insurance producer, for
compensation, may sell, solicit, or negotiate policies issued by the insurer is called an appointment.
Which of these would NOT be considered a presumptive disability? - CORRECT ANSWERS Loss
of a leg or arm
The loss of ONE arm or a leg is NOT considered a presumptive disability.
A producer's license in Louisiana must be renewed every - CORRECT ANSWERS Two years
Producer licenses are issued for periods of 2 years.
Bill requires some nursing care and supervision but NOT full-time care. Which of these nursing home
options would best serve him? - CORRECT ANSWERS Assisted living
An assisted living facility would best suit an individual who needs some nursing care and supervision but
not full-time care.
The open enrollment period for Medicare Supplements begins at age - CORRECT ANSWERS
65
Open enrollment for Medicare Supplements begins at the age the individual becomes eligible for
Medicare, which is typically age 65.
Mark continues working after the age of 65 and is covered through his employer's group health plan.
Which of the following statements is TRUE? - CORRECT ANSWERS Medicare is the secondary
payer
If an individual continues to work after the age of 65 and keeps the group plan, primary coverage comes
from the group insurance plan and Medicare is considered the secondary payer.
A whole life policy option where extended term insurance is selected is called a(n) - CORRECT ANSWERS
nonforfeiture option
, A nonforfeiture provision in a whole life policy that uses cash value to purchase term insurance equal to
the existing amount of life insurance is called the extended term option.
The Commissioner must examine the financial affairs of each admitted insurer operating in Louisiana at
least once every how many years? - CORRECT ANSWERS 5
At the very least, an admitted company shall be examined once every 5 years by the Commissioner.
When a Medicare supplement policy is purchased during the open enrollment period - CORRECT
ANSWERS the policy must be issued regardless of health status
During open enrollment for Medicare supplements, policies will be issued regardless of health status.
Which of the following actions may an insurance company NOT do in a health policy that contains a
guaranteed renewable premium benefit? - CORRECT ANSWERS Increase the premiums on an
individual basis
A guaranteed renewable policy CANNOT increase the premiums on an individual basis, only on the basis
of an entire classification.
A nonresident of Louisiana who has satisfied the licensing requirements for a line of insurance in the
licensee's state and who wishes to sell that line of insurance in Louisiana, must meet all of the following
requirements EXCEPT: - CORRECT ANSWERS Take the appropriate Louisiana licensing
examination
A nonresident licensee from another state is not required to take a licensing examination if they are
already in good standing with their state of residence.
A life insurance policy that has premiums fully paid up within a stated time period is called - CORRECT
ANSWERS limited payment insurance
Limited payment insurance is characterized by premiums that are fully paid up within a stated period,
after which no further premiums are required.
The taxable portion of each annuity payment is calculated using which method? - CORRECT ANSWERS
Exclusion Ratio
The Exclusion Ratio is used to determine the taxable portion of each annuity payment.
How are annuities given favorable tax treatment? - CORRECT ANSWERS Gains are taxed at
distribution
Annuity gains are typically tax deferred until distribution.
All _____ policies must be guaranteed renewable. - CORRECT ANSWERS long-term care
All long-term care policies must be guaranteed renewable.
Which type of business insurance is meant to cover the costs of continuing to do business while the
owner is disabled? - CORRECT ANSWERS Business overhead expense policy
A form of business disability insurance that is designed to cover the actual costs of continuing to do
business while an insured business owner is disabled is called a business overhead expense policy.
Which of these is NOT a characteristic of the Accelerated Death Benefit option? - CORRECT ANSWERS
The benefit can be offered as a rider at a specific extra cost or may be at no cost
Accelerated Death Benefit options are offered with NO increase in premium.
Insurance- Weighted Exam (Latest 2025 /
2026) Tested 150Questions with Revised
Answers, (A+ Guarantee)
The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT - CORRECT
ANSWERS insurance sales calls
Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry
The type of policy where the insurer can send a notice to the insured that the policy has been cancelled
in the middle of the term is called - CORRECT ANSWERS cancelable
The renewability provision in a cancelable policy allows the insurer to cancel or terminate the policy at
any time, simply by providing written notification to the insured and refunding any advance premium
that has been paid.
Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or
events without evidence of insurability. This rider is called a(n) - CORRECT ANSWERS
Guaranteed insurability rider
A guaranteed insurability rider allows for the insured to purchase additional insurance at specific dates
or events without evidence of insurability.
Disability Income plans which require that the insurer can NEVER change or alter premium rates are
usually considered - CORRECT ANSWERS Noncancellable
A noncancellable policy cannot be cancelled nor can its premium rates be increased under any
circumstances.
In what part of an insurance policy are policy benefits found? - CORRECT ANSWERS
Declarations
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.
What happens if the insurer discovers that the insured's age was accidentally misstated on an
application for an individual life insurance policy? - CORRECT ANSWERS Benefits will be
calculated according to how much coverage the premium paid would have purchased for the correct age
Benefits will be calculated according to how much coverage the premium paid would have purchased
for the correct age.
Health insurance will typically cover which of the following perils? - CORRECT ANSWERS
Injury due to accident
Accidental injury is typically a covered peril in health insurance.
A viatical settlement contract is an agreement between - CORRECT ANSWERS A life insurance
policyowner and a viatical settlement provider
A viatical settlement contract is an agreement between a life insurance policyowner and a viatical
settlement provider.
,Under the Affordable Care Act, how would a grandfathered health plan lose its grandfathered status? -
CORRECT ANSWERS The insurer significantly raises co-insurance charges, deductibles, or co-
payment charges
According to the Affordable Care Act, grandfathered health plans may lose their grandfathered status if
the insurer significantly raises co-insurance charges, deductibles, or co-payment charges
Which of these techniques will remove the risk of losing money in the stock market by never purchasing
stocks? - CORRECT ANSWERS Risk avoidance
Risk avoidance could eliminate the risk of losing money in the stock market by never investing in stocks.
Which of the following nursing home options would BEST suit an individual who needs some nursing
care and supervision but NOT full-time care? - CORRECT ANSWERS Assisted living facilities
An assisted living facility would best suit an individual who needs some nursing care and supervision but
not full-time care.
Under Louisiana law, the agreement between an insurance producer and insurer under which the
insurance producer, for compensation, may sell, solicit, or negotiate policies issued by the insurer is
defined as - CORRECT ANSWERS an appointment
The agreement between an insurance producer and insurer under which the insurance producer, for
compensation, may sell, solicit, or negotiate policies issued by the insurer is called an appointment.
Which of these would NOT be considered a presumptive disability? - CORRECT ANSWERS Loss
of a leg or arm
The loss of ONE arm or a leg is NOT considered a presumptive disability.
A producer's license in Louisiana must be renewed every - CORRECT ANSWERS Two years
Producer licenses are issued for periods of 2 years.
Bill requires some nursing care and supervision but NOT full-time care. Which of these nursing home
options would best serve him? - CORRECT ANSWERS Assisted living
An assisted living facility would best suit an individual who needs some nursing care and supervision but
not full-time care.
The open enrollment period for Medicare Supplements begins at age - CORRECT ANSWERS
65
Open enrollment for Medicare Supplements begins at the age the individual becomes eligible for
Medicare, which is typically age 65.
Mark continues working after the age of 65 and is covered through his employer's group health plan.
Which of the following statements is TRUE? - CORRECT ANSWERS Medicare is the secondary
payer
If an individual continues to work after the age of 65 and keeps the group plan, primary coverage comes
from the group insurance plan and Medicare is considered the secondary payer.
A whole life policy option where extended term insurance is selected is called a(n) - CORRECT ANSWERS
nonforfeiture option
, A nonforfeiture provision in a whole life policy that uses cash value to purchase term insurance equal to
the existing amount of life insurance is called the extended term option.
The Commissioner must examine the financial affairs of each admitted insurer operating in Louisiana at
least once every how many years? - CORRECT ANSWERS 5
At the very least, an admitted company shall be examined once every 5 years by the Commissioner.
When a Medicare supplement policy is purchased during the open enrollment period - CORRECT
ANSWERS the policy must be issued regardless of health status
During open enrollment for Medicare supplements, policies will be issued regardless of health status.
Which of the following actions may an insurance company NOT do in a health policy that contains a
guaranteed renewable premium benefit? - CORRECT ANSWERS Increase the premiums on an
individual basis
A guaranteed renewable policy CANNOT increase the premiums on an individual basis, only on the basis
of an entire classification.
A nonresident of Louisiana who has satisfied the licensing requirements for a line of insurance in the
licensee's state and who wishes to sell that line of insurance in Louisiana, must meet all of the following
requirements EXCEPT: - CORRECT ANSWERS Take the appropriate Louisiana licensing
examination
A nonresident licensee from another state is not required to take a licensing examination if they are
already in good standing with their state of residence.
A life insurance policy that has premiums fully paid up within a stated time period is called - CORRECT
ANSWERS limited payment insurance
Limited payment insurance is characterized by premiums that are fully paid up within a stated period,
after which no further premiums are required.
The taxable portion of each annuity payment is calculated using which method? - CORRECT ANSWERS
Exclusion Ratio
The Exclusion Ratio is used to determine the taxable portion of each annuity payment.
How are annuities given favorable tax treatment? - CORRECT ANSWERS Gains are taxed at
distribution
Annuity gains are typically tax deferred until distribution.
All _____ policies must be guaranteed renewable. - CORRECT ANSWERS long-term care
All long-term care policies must be guaranteed renewable.
Which type of business insurance is meant to cover the costs of continuing to do business while the
owner is disabled? - CORRECT ANSWERS Business overhead expense policy
A form of business disability insurance that is designed to cover the actual costs of continuing to do
business while an insured business owner is disabled is called a business overhead expense policy.
Which of these is NOT a characteristic of the Accelerated Death Benefit option? - CORRECT ANSWERS
The benefit can be offered as a rider at a specific extra cost or may be at no cost
Accelerated Death Benefit options are offered with NO increase in premium.
