XCEL 2-15 FLORIDA LIFE & HEALTH STATE EXAM
SIMULATOR NEWEST 2025 COMPLETE EXAM| 200
ACTUAL EXAM QUESTIONS WITH CORRECT
VERIFIED ANSWERS/ ALREADY GRADED A+
When is a Group Health policy required to provide coverage for a
newborn child? – ANSWER - at the moment of birth
which of the following situations does not apply to the Florida
replacement rule – ANSWER - an existing policyholder purchases an
additional policy from the same insurer
D owns a Whole Life policy that was purchased 10 years ago. If the
premium payments suddenly stop and D takes no additional action,
which Nonforfeiture Option will the insurer likely proceed with? –
ANSWER - extended term
In Florida, which employee is eligible for an employer's group term life
plan? – ANSWER - employee who works more than 40 hours per week
which of the following statements is correct regarding an
employer/employee group health plan – ANSWER - the employer
receives a master policy and the employees receive certificates
How would a contingent beneficiary receive the policy proceeds in an
Accidental Death and Dismemberment (AD&D) policy? – ANSWER -
if the primary beneficiary dies before the insured
pg. 1
,A student pilot can pay regular premium costs for her life insurance
policy with the addition of which of the following? – ANSWER -
aviation exclusion
what is Florida’s definition of life insurance replacement – ANSWER - a
transaction in which a new policy is bought and an old policy is
terminated
a sole proprietor may use this plan only if the employees of this business
are included – ANSWER - Keogh pension plan
a primary beneficiary has died before the insured in a life insurance
policy. a contingent beneficiary is also named in the policy. which of the
following will occur when the insured dies – ANSWER - proceeds will
go to the contingent beneficiary
Upon delivery of a rated life insurance policy, the Producer must obtain
each of the following EXCEPT – ANSWER - signed hipaa disclosure
which of these is not relevant when the determining the amount of
personal life insurance needed – ANSWER - local unemployment rates
Before a life insurance policy is issued, which of these components of
the contract is required? – ANSWER - applicants signature on
application
pg. 2
,W gave W's age as 50 when W purchased a Life policy. At the time of
W's death seven years later, the company discovered W's true age at
issue had been 59. What would the normal procedure be under the
misstatement of age provision in regard to the payment of the death
claim? – ANSWER - the proceeds would be reduced based on whatever
the premium would have been if purchased at age 59
a business overhead expense policy would cover which of the following
if a business owner becomes disabled – ANSWER - utilities and office
rent
a policyowner may generate taxable income from which of the following
dividend options – ANSWER - accumulation at interest
a life insurance policy which ensures that the premium will be paid if the
insured becomes disabled has what kind of rider attached – ANSWER -
waiver of premium
T, age 70, withdraws cash from a profit-sharing plan and purchases a
Straight Life Annuity. What will this transaction provide? – ANSWER -
income that cannot be outlived by the owner
Which rider provides coverage for a child under a parent's life insurance
policy? – ANSWER - child term rider
who has the option to renew a renewable term policy – ANSWER -
insured
pg. 3
, P is the insured on a participating life policy. Which statement is true if
P's premiums are waived due to a disability? – ANSWER - p will still
receive declared dividends
P is looking to purchase a life insurance policy that will pay a stated
monthly income to his beneficiaries for 20 years after he dies and a lump
sum of $20,000 at the end of that 20 year period. What type of policy
should P purchase? – ANSWER - family maintenance policy
Y purchased $100,000 worth of permanent protection on himself and
$50,000 worth of 10-year Term coverage for his wife on the same policy.
Which of these policies did Y purchase? – ANSWER - whole life policy
with an other insured rider
what type of policy would offer a 40 year old the quickest accumulation
of cash value – ANSWER - 20 pay life
An insured covered by Accidental Death and Dismemberment (AD&D)
insurance has just died. What will happen if the primary beneficiary had
already died before the insured and contingent beneficiary? – ANSWER
- proceeds will go to the contingent beneficiary
T is an employee covered under a Group Life policy. If T's employment
is terminated, the conversion privilege gives T the right to convert –
ANSWER - to an individual policy upon employment termination
pg. 4
SIMULATOR NEWEST 2025 COMPLETE EXAM| 200
ACTUAL EXAM QUESTIONS WITH CORRECT
VERIFIED ANSWERS/ ALREADY GRADED A+
When is a Group Health policy required to provide coverage for a
newborn child? – ANSWER - at the moment of birth
which of the following situations does not apply to the Florida
replacement rule – ANSWER - an existing policyholder purchases an
additional policy from the same insurer
D owns a Whole Life policy that was purchased 10 years ago. If the
premium payments suddenly stop and D takes no additional action,
which Nonforfeiture Option will the insurer likely proceed with? –
ANSWER - extended term
In Florida, which employee is eligible for an employer's group term life
plan? – ANSWER - employee who works more than 40 hours per week
which of the following statements is correct regarding an
employer/employee group health plan – ANSWER - the employer
receives a master policy and the employees receive certificates
How would a contingent beneficiary receive the policy proceeds in an
Accidental Death and Dismemberment (AD&D) policy? – ANSWER -
if the primary beneficiary dies before the insured
pg. 1
,A student pilot can pay regular premium costs for her life insurance
policy with the addition of which of the following? – ANSWER -
aviation exclusion
what is Florida’s definition of life insurance replacement – ANSWER - a
transaction in which a new policy is bought and an old policy is
terminated
a sole proprietor may use this plan only if the employees of this business
are included – ANSWER - Keogh pension plan
a primary beneficiary has died before the insured in a life insurance
policy. a contingent beneficiary is also named in the policy. which of the
following will occur when the insured dies – ANSWER - proceeds will
go to the contingent beneficiary
Upon delivery of a rated life insurance policy, the Producer must obtain
each of the following EXCEPT – ANSWER - signed hipaa disclosure
which of these is not relevant when the determining the amount of
personal life insurance needed – ANSWER - local unemployment rates
Before a life insurance policy is issued, which of these components of
the contract is required? – ANSWER - applicants signature on
application
pg. 2
,W gave W's age as 50 when W purchased a Life policy. At the time of
W's death seven years later, the company discovered W's true age at
issue had been 59. What would the normal procedure be under the
misstatement of age provision in regard to the payment of the death
claim? – ANSWER - the proceeds would be reduced based on whatever
the premium would have been if purchased at age 59
a business overhead expense policy would cover which of the following
if a business owner becomes disabled – ANSWER - utilities and office
rent
a policyowner may generate taxable income from which of the following
dividend options – ANSWER - accumulation at interest
a life insurance policy which ensures that the premium will be paid if the
insured becomes disabled has what kind of rider attached – ANSWER -
waiver of premium
T, age 70, withdraws cash from a profit-sharing plan and purchases a
Straight Life Annuity. What will this transaction provide? – ANSWER -
income that cannot be outlived by the owner
Which rider provides coverage for a child under a parent's life insurance
policy? – ANSWER - child term rider
who has the option to renew a renewable term policy – ANSWER -
insured
pg. 3
, P is the insured on a participating life policy. Which statement is true if
P's premiums are waived due to a disability? – ANSWER - p will still
receive declared dividends
P is looking to purchase a life insurance policy that will pay a stated
monthly income to his beneficiaries for 20 years after he dies and a lump
sum of $20,000 at the end of that 20 year period. What type of policy
should P purchase? – ANSWER - family maintenance policy
Y purchased $100,000 worth of permanent protection on himself and
$50,000 worth of 10-year Term coverage for his wife on the same policy.
Which of these policies did Y purchase? – ANSWER - whole life policy
with an other insured rider
what type of policy would offer a 40 year old the quickest accumulation
of cash value – ANSWER - 20 pay life
An insured covered by Accidental Death and Dismemberment (AD&D)
insurance has just died. What will happen if the primary beneficiary had
already died before the insured and contingent beneficiary? – ANSWER
- proceeds will go to the contingent beneficiary
T is an employee covered under a Group Life policy. If T's employment
is terminated, the conversion privilege gives T the right to convert –
ANSWER - to an individual policy upon employment termination
pg. 4
