XCEL TESTING SOLUTIONS LIFE AND HEALTH
FINAL PAPER 2026 150 QUESTIONS AND
SOLUTIONS GUARANTEED TO PASS
◉ Life only annuity. Answer: Which annuity payout option has no
additional payouts regardless of when the annuitant dies
◉ Errors and Omissions. Answer: a professional liability for which
producers can be sued for mistakes of putting a policy into effect
◉ irrevocable beneficiary. Answer: requires the beneficiary's
signature for any change to the beneficiary
◉ representations. Answer: statements made by an insurance
applicant on an application
◉ a specified amount of money. Answer: life insurance policies
guarantee the beneficiary what upon the death of the insured
◉ Endodontics. Answer: common exclusion on a dental policy
,◉ Home health care. Answer: Which type of long-term care benefit
would be most appropriate for a stroke victim who requires speech
therapy administered at her home?
◉ March 23, 2010. Answer: According to the Affordable Care Act,
any plan in existence prior to which date is considered a
grandfathered plan?
◉ Social Security Disability Income (SSDI). Answer: Which of the
following is NOT a type of Medicare Advantage Plan?
◉ Preferred Provider Organization plan (PPO). Answer:
Coordination of Benefits regulation applies to all of the following
plans EXCEPT
◉ 30 days. Answer: Both long-term care insurance and Medicare
Supplement policies may be returned by the insured for a full refund
within
◉ Hospital Indemnity. Answer: Which type of coverage pays an
amount per day for hospitalization directly to the insured regardless
of the insured's other health insurance?
◉ Limited Policies. Answer: Low frequency diseases can be
exclusively covered by what kind of health insurance policies?
,◉ Work-related. Answer: What type of injury would NOT be covered
under a health insurance policy?
◉ It would be considered taxable income to the employee. Answer:
Without a Section 125 Plan in place, what would happen to an
employee's payroll contribution to an HSA?
◉ a policy that is paid up after only one payment. Answer: A single
premium cash value policy can be described as
◉ Must have Medicare coverage. Answer: How does one become
eligible for Part D: Prescription Drug coverage?
◉ root canal. Answer: An example of endodontic treatment is a
◉ US Attorney General. Answer: Under US Code 1033, crimes by or
affecting persons engaged in the business of insurance which affect
interstate commerce are prosecuted by the
◉ Mortality costs. Answer: What would be an expense factor in an
insurance program?
, ◉ Insurer. Answer: Which of the following signatures is not required
on an individual insurance application?
◉ outpatient medical services. Answer: All of the following are
defined as supplemental health insuring corporation (HIC) services
EXCEPT
◉ upper limit of the total lifetime benefits the insurance company
will pay. Answer: "Maximum benefits" refers to the
◉ the beneficiary. Answer: Signatures for an insurance application
MUST be obtained by the producer from all of the following sources
EXCEPT
◉ Coverage is eliminated. Answer: What happens to the coverage
under a children's term rider when that child reaches a certain
specified age?
◉ increase the premiums on an individual basis. Answer: Which of
the following actions may an insurance company NOT do in a health
policy that contains a guaranteed renewable premium benefit?
◉ issue a cease and desist order against the agent. Answer: When
the superintendent believes an agent is causing substantial and
material harm, the superintendent has the authority to
FINAL PAPER 2026 150 QUESTIONS AND
SOLUTIONS GUARANTEED TO PASS
◉ Life only annuity. Answer: Which annuity payout option has no
additional payouts regardless of when the annuitant dies
◉ Errors and Omissions. Answer: a professional liability for which
producers can be sued for mistakes of putting a policy into effect
◉ irrevocable beneficiary. Answer: requires the beneficiary's
signature for any change to the beneficiary
◉ representations. Answer: statements made by an insurance
applicant on an application
◉ a specified amount of money. Answer: life insurance policies
guarantee the beneficiary what upon the death of the insured
◉ Endodontics. Answer: common exclusion on a dental policy
,◉ Home health care. Answer: Which type of long-term care benefit
would be most appropriate for a stroke victim who requires speech
therapy administered at her home?
◉ March 23, 2010. Answer: According to the Affordable Care Act,
any plan in existence prior to which date is considered a
grandfathered plan?
◉ Social Security Disability Income (SSDI). Answer: Which of the
following is NOT a type of Medicare Advantage Plan?
◉ Preferred Provider Organization plan (PPO). Answer:
Coordination of Benefits regulation applies to all of the following
plans EXCEPT
◉ 30 days. Answer: Both long-term care insurance and Medicare
Supplement policies may be returned by the insured for a full refund
within
◉ Hospital Indemnity. Answer: Which type of coverage pays an
amount per day for hospitalization directly to the insured regardless
of the insured's other health insurance?
◉ Limited Policies. Answer: Low frequency diseases can be
exclusively covered by what kind of health insurance policies?
,◉ Work-related. Answer: What type of injury would NOT be covered
under a health insurance policy?
◉ It would be considered taxable income to the employee. Answer:
Without a Section 125 Plan in place, what would happen to an
employee's payroll contribution to an HSA?
◉ a policy that is paid up after only one payment. Answer: A single
premium cash value policy can be described as
◉ Must have Medicare coverage. Answer: How does one become
eligible for Part D: Prescription Drug coverage?
◉ root canal. Answer: An example of endodontic treatment is a
◉ US Attorney General. Answer: Under US Code 1033, crimes by or
affecting persons engaged in the business of insurance which affect
interstate commerce are prosecuted by the
◉ Mortality costs. Answer: What would be an expense factor in an
insurance program?
, ◉ Insurer. Answer: Which of the following signatures is not required
on an individual insurance application?
◉ outpatient medical services. Answer: All of the following are
defined as supplemental health insuring corporation (HIC) services
EXCEPT
◉ upper limit of the total lifetime benefits the insurance company
will pay. Answer: "Maximum benefits" refers to the
◉ the beneficiary. Answer: Signatures for an insurance application
MUST be obtained by the producer from all of the following sources
EXCEPT
◉ Coverage is eliminated. Answer: What happens to the coverage
under a children's term rider when that child reaches a certain
specified age?
◉ increase the premiums on an individual basis. Answer: Which of
the following actions may an insurance company NOT do in a health
policy that contains a guaranteed renewable premium benefit?
◉ issue a cease and desist order against the agent. Answer: When
the superintendent believes an agent is causing substantial and
material harm, the superintendent has the authority to
