Xcel Solutions - Final Exam Questions with
Correct Answers 2025/2026
K phas pa plife pinsurance ppolicy pwhere pher phusband pis pbeneficiary pand pher pdaughter pis
pcontingent pbeneficiary. pUnder pthe pCommon pDisaster pclause, pif pK pand pher phusband pare
pboth pkilled pin pan pautomobile paccident, pwhere pwould pthe pdeath pproceeds pbe pdirected?
p- pCORRECT pANSWER p- pDaughter
When pis pa pGroup pHealth ppolicy prequired pto pprovide pcoverage pfor pa pnewborn pchild? p-
pCORRECT pANSWER p-At pthe pmoment pof pbirth
What pis pthe prequired prenewability pstatus pof pall pMedicare psupplement ppolicies? p-
pCORRECT pANSWER p-Guaranteed prenewable
Who pissues pMedicare pSupplement ppolicies? p- pCORRECT pANSWER p-insurance pcompanies
P pis pthe pinsured pon pa pparticipating plife ppolicy. pWhich pstatement pis ptrue pif pP's ppremiums
pare pwaived pdue pto pdisability? p- pCORRECT pANSWER p-P pwill pstill preceive pdeclared
pdividends
What ptype pof ppolicy pwould poffer pa p40-year pold pthe pquickest paccumulation pof pcash
pvalue? p- pCORRECT pANSWER p-20-pay plife
The pNevada pInsurance pGuaranty pAssociation p- pCORRECT pANSWER p-protects pNevada
pinsurance ppolicy powners pin pthe pevent pan pinsurance pcompany pbecomes pinsolvent
,The pmost pimportant pfactor pto pconsider pwhen pdetermining pwhether pto pconvert pterm
pinsurance pat pthe pinsured's pattained page por pto pthe pinsured's poriginal page pis: p-
pCORRECT pANSWER p-the pcost
, A pMedicare pSupplement ppolicy pmay pbe pcancelled pfor pwhich pof pthe pfollowing preasons? p-
pCORRECT pANSWER p-The ppremiums phas pnot pbeen ppaid pby pthe pinsured
A pnoncontributory pgroup pterm plife pplan pis pcharacterized pby: p- pCORRECT pANSWER p-The
pentire pcost pof pthe pplan pis ppaid pfor pby pthe pemployer
Variable pannuities pmay pinvest ppremiums pin peach pof pthe pfollowing, pEXCEPT: p- pCORRECT
pANSWER p- pInsurer's pcorporate pbusiness paccount
Which pof pthe pfollowing pcosts pwould pa pBasic pHospital/Surgical ppolicy plikely pcover? p-
pCORRECT pANSWER p-Surgically premoving pa pfacial pbirthmark
Information pobtained pfrom pa pphone pconversation pto pthe pproposed pinsured pcan pbe pfound
pin pwhich pof pthese preports? p- pCORRECT pANSWER p-Inspection preport
T pis preceiving p$3,000/month pfrom pa pDisability pIncome ppolicy pin pwhich pT's pemployer phas
ppad pthe ppremiums. pHow pare pthe p$3,000 pbenefit ppayments ptaxable? p- pCORRECT
pANSWER p-Benefits pare ptaxable pto pT.
What pkind pof pinsurance ppolicy psupplies pan pincome pstream pover pa pset pperiod pof ptime
pthat pstarts pwhen pthe pinsured pdies? p- pCORRECT pANSWER p-Family pMaintenance pPolicy
Basic pMedical pExpense pinsurance: p- pCORRECT pANSWER p-has plower pbenefit plimits pthan
pMajor pMedical pInsurance
What pis pthe prequirement pfor pmaintaining pan pindividual pNevada pproducer plicense? p-
pCORRECT pANSWER p-completing p30 phours pof pcontinuing peducation pevery p3 pyears
Correct Answers 2025/2026
K phas pa plife pinsurance ppolicy pwhere pher phusband pis pbeneficiary pand pher pdaughter pis
pcontingent pbeneficiary. pUnder pthe pCommon pDisaster pclause, pif pK pand pher phusband pare
pboth pkilled pin pan pautomobile paccident, pwhere pwould pthe pdeath pproceeds pbe pdirected?
p- pCORRECT pANSWER p- pDaughter
When pis pa pGroup pHealth ppolicy prequired pto pprovide pcoverage pfor pa pnewborn pchild? p-
pCORRECT pANSWER p-At pthe pmoment pof pbirth
What pis pthe prequired prenewability pstatus pof pall pMedicare psupplement ppolicies? p-
pCORRECT pANSWER p-Guaranteed prenewable
Who pissues pMedicare pSupplement ppolicies? p- pCORRECT pANSWER p-insurance pcompanies
P pis pthe pinsured pon pa pparticipating plife ppolicy. pWhich pstatement pis ptrue pif pP's ppremiums
pare pwaived pdue pto pdisability? p- pCORRECT pANSWER p-P pwill pstill preceive pdeclared
pdividends
What ptype pof ppolicy pwould poffer pa p40-year pold pthe pquickest paccumulation pof pcash
pvalue? p- pCORRECT pANSWER p-20-pay plife
The pNevada pInsurance pGuaranty pAssociation p- pCORRECT pANSWER p-protects pNevada
pinsurance ppolicy powners pin pthe pevent pan pinsurance pcompany pbecomes pinsolvent
,The pmost pimportant pfactor pto pconsider pwhen pdetermining pwhether pto pconvert pterm
pinsurance pat pthe pinsured's pattained page por pto pthe pinsured's poriginal page pis: p-
pCORRECT pANSWER p-the pcost
, A pMedicare pSupplement ppolicy pmay pbe pcancelled pfor pwhich pof pthe pfollowing preasons? p-
pCORRECT pANSWER p-The ppremiums phas pnot pbeen ppaid pby pthe pinsured
A pnoncontributory pgroup pterm plife pplan pis pcharacterized pby: p- pCORRECT pANSWER p-The
pentire pcost pof pthe pplan pis ppaid pfor pby pthe pemployer
Variable pannuities pmay pinvest ppremiums pin peach pof pthe pfollowing, pEXCEPT: p- pCORRECT
pANSWER p- pInsurer's pcorporate pbusiness paccount
Which pof pthe pfollowing pcosts pwould pa pBasic pHospital/Surgical ppolicy plikely pcover? p-
pCORRECT pANSWER p-Surgically premoving pa pfacial pbirthmark
Information pobtained pfrom pa pphone pconversation pto pthe pproposed pinsured pcan pbe pfound
pin pwhich pof pthese preports? p- pCORRECT pANSWER p-Inspection preport
T pis preceiving p$3,000/month pfrom pa pDisability pIncome ppolicy pin pwhich pT's pemployer phas
ppad pthe ppremiums. pHow pare pthe p$3,000 pbenefit ppayments ptaxable? p- pCORRECT
pANSWER p-Benefits pare ptaxable pto pT.
What pkind pof pinsurance ppolicy psupplies pan pincome pstream pover pa pset pperiod pof ptime
pthat pstarts pwhen pthe pinsured pdies? p- pCORRECT pANSWER p-Family pMaintenance pPolicy
Basic pMedical pExpense pinsurance: p- pCORRECT pANSWER p-has plower pbenefit plimits pthan
pMajor pMedical pInsurance
What pis pthe prequirement pfor pmaintaining pan pindividual pNevada pproducer plicense? p-
pCORRECT pANSWER p-completing p30 phours pof pcontinuing peducation pevery p3 pyears
