XCEL HEALTH & LIFE INSURANCE
EXTRA PRACTICE - EXAM REVIEW
(ALABAMA) WITH CORRECT ANSWERS
What cis cthe capplicant's cconsideration cin can cinsurance ccontract? c- cCORRECT
cANS✔✔Premiums
At ccertain cages cor cdates, can cinsured ccan cincrease cthe cstated cbenefit c(within climits)
cunder ctheir cdisability cincome cpolicy, cregardless cof chealth. cWhich cpolicy crider cBEST
cdescribes cthis? c- cCORRECT cANS✔✔Futre cIncome cOption
Which cof cthese cstatements cregarding can cinsurance capplication cis ctrue? c-
cCORRECT cANS✔✔A crepresentation cis cvalid cas clong cas cit cis ctrue
Who cdoes ca cdisability cincome cpolicy cnormally ccover? c- cCORRECT cANS✔✔Wage
cearners
A cbusiness cowner chas cdisability ccoverage cthat ccovers cbusiness cexpenses c(other
cthan cincome, cthe ccost cof ccapital cgoods, cand cother cspecified cexpenses). cWhat ckind
cof cdisability ccoverage cis cthis? c- cCORRECT cANS✔✔Business coverhead cexpense
cinsurance
Trent chas ca cpermanent cpartial cdisability cwhere che cis cpaid c50% cof chis cprevious
cincome. cTrent cis ccovered cby ca: c- cCORRECT cANS✔✔Residual cdisability cbenefit
Which cof cthe cfollowing cis ca ctrue cstatement? c- cCORRECT cANS✔✔TRUE c- cThe
cwithholding cof cinformation cthat cshould chave cbeen cprovided cto can cinsurer cis ccalled
cconcealment.
The cnumber cof can cinsurance ccompany's chealth cinsureds cthat cis cexpected cto
cbecome csick cor cinjured cis ccalled: c- cCORRECT cANS✔✔Morbidity cexperience
Bart cis cinjured cand cprovides cnotice cof ca chealth cclaim cto chis cinsurer cHe clater
creceives cthe crequired cclaims cforms. cWithin chow cmany cdays cof cthe closs cmust cBart
cfile cproof cof closs cwith cthe cinsurance ccompany? c- cCORRECT cANS✔✔90
, Julio, cthe cinsurance cproducer, chas callowed chis clicense cto clapse. cHe cwould clike cto
creinstate chis clicense cwithout ctaking cthe ccourse cand cpassing cthe cexam. cTo cdo cthis
cthey cmust creinstate cthe clicense cwithin chow cmany cmonths cfrom cthe crenewal cdate?
c- cCORRECT cANS✔✔12
A clife cinsurance cpolicyowner chas cjust cexercised cthe cpolicy's creduced cpaid-up
coption. cWhich cof cthese cstatements cis ctrue? c- cCORRECT cANS✔✔The camount cof
ccoverage cwould cbe cless cthan cthe coriginal ccoverage
An cindividual cunable cto cperform ctwo cor cmore cActivities cof cDaily cLiving c(ADLs) cwill
ctrigger ccoverage cfrom ca c_____ cpolicy. c- cCORRECT cANS✔✔Long cTerm cCare
c(LTC)
The cnotice cof cclaim cprovision cstates cthat cthe cinsured cnotify cthe cinsurance ccompany
cwithin c____ cdays cof ca cclaim. c- cCORRECT cANS✔✔20
Which cis cNOT ctrue cregarding cMedicare cSupplement cpolicies? c- cCORRECT
cANS✔✔Must cinclude ca cminimum c20-day cFree-Look cprovision
Which cof cthese cis cNOT ca creason cthe cinsurance capplication cis cimportant? c-
cCORRECT cANS✔✔When cattached cto cthe cpolicy, cthe capplication cbecomes cpart cof
cthe cinsurance cclause
Michael chas ca cuniversal clife cpolicy cwith can cincreasing cdeath cbenefit coption. cWith
can cinitial cface camount cof c$50,000, cwhat cwould cthe cactual cdeath cbenefit cbe? c-
cCORRECT cANS✔✔$55,000
How care cemployer-paid cpremiums cfor cemployee cgroup chealth cinsurance cnormally
ctreated cfor ctax cpurposes? c- cCORRECT cANS✔✔Tax cdeductible cto cthe cemployee c/
cNontaxable cto cthe cemployee
An cinsurance cproducer cwho coffers ca cpotential cclient csomething cof cvalue cas can
cincentive cto cpurchase cinsurance cis cengaging cin: c- cCORRECT cANS✔✔Rebating
Katherine cis ca cretiree cand cwas crecently chospitalized cfor c10 cdays. cWhich ctype cof
cinsurance cpolicy cwould cbest ccover cher cfor cexcess chospital cexpenses? c-
cCORRECT cANS✔✔Medicare cSupplement
Which cwelfare cprogram cprovides cassistance cto cthe cneedy? c- cCORRECT
cANS✔✔Medicaid
Medicare cis cNOT cavailable cto ca(n): c- cCORRECT cANS✔✔61-year cold cMedicaid
crecipient
Who cdoes cthe cinsurance cagent clegally crepresent? c- cCORRECT cANS✔✔The
cinsurance ccompany
EXTRA PRACTICE - EXAM REVIEW
(ALABAMA) WITH CORRECT ANSWERS
What cis cthe capplicant's cconsideration cin can cinsurance ccontract? c- cCORRECT
cANS✔✔Premiums
At ccertain cages cor cdates, can cinsured ccan cincrease cthe cstated cbenefit c(within climits)
cunder ctheir cdisability cincome cpolicy, cregardless cof chealth. cWhich cpolicy crider cBEST
cdescribes cthis? c- cCORRECT cANS✔✔Futre cIncome cOption
Which cof cthese cstatements cregarding can cinsurance capplication cis ctrue? c-
cCORRECT cANS✔✔A crepresentation cis cvalid cas clong cas cit cis ctrue
Who cdoes ca cdisability cincome cpolicy cnormally ccover? c- cCORRECT cANS✔✔Wage
cearners
A cbusiness cowner chas cdisability ccoverage cthat ccovers cbusiness cexpenses c(other
cthan cincome, cthe ccost cof ccapital cgoods, cand cother cspecified cexpenses). cWhat ckind
cof cdisability ccoverage cis cthis? c- cCORRECT cANS✔✔Business coverhead cexpense
cinsurance
Trent chas ca cpermanent cpartial cdisability cwhere che cis cpaid c50% cof chis cprevious
cincome. cTrent cis ccovered cby ca: c- cCORRECT cANS✔✔Residual cdisability cbenefit
Which cof cthe cfollowing cis ca ctrue cstatement? c- cCORRECT cANS✔✔TRUE c- cThe
cwithholding cof cinformation cthat cshould chave cbeen cprovided cto can cinsurer cis ccalled
cconcealment.
The cnumber cof can cinsurance ccompany's chealth cinsureds cthat cis cexpected cto
cbecome csick cor cinjured cis ccalled: c- cCORRECT cANS✔✔Morbidity cexperience
Bart cis cinjured cand cprovides cnotice cof ca chealth cclaim cto chis cinsurer cHe clater
creceives cthe crequired cclaims cforms. cWithin chow cmany cdays cof cthe closs cmust cBart
cfile cproof cof closs cwith cthe cinsurance ccompany? c- cCORRECT cANS✔✔90
, Julio, cthe cinsurance cproducer, chas callowed chis clicense cto clapse. cHe cwould clike cto
creinstate chis clicense cwithout ctaking cthe ccourse cand cpassing cthe cexam. cTo cdo cthis
cthey cmust creinstate cthe clicense cwithin chow cmany cmonths cfrom cthe crenewal cdate?
c- cCORRECT cANS✔✔12
A clife cinsurance cpolicyowner chas cjust cexercised cthe cpolicy's creduced cpaid-up
coption. cWhich cof cthese cstatements cis ctrue? c- cCORRECT cANS✔✔The camount cof
ccoverage cwould cbe cless cthan cthe coriginal ccoverage
An cindividual cunable cto cperform ctwo cor cmore cActivities cof cDaily cLiving c(ADLs) cwill
ctrigger ccoverage cfrom ca c_____ cpolicy. c- cCORRECT cANS✔✔Long cTerm cCare
c(LTC)
The cnotice cof cclaim cprovision cstates cthat cthe cinsured cnotify cthe cinsurance ccompany
cwithin c____ cdays cof ca cclaim. c- cCORRECT cANS✔✔20
Which cis cNOT ctrue cregarding cMedicare cSupplement cpolicies? c- cCORRECT
cANS✔✔Must cinclude ca cminimum c20-day cFree-Look cprovision
Which cof cthese cis cNOT ca creason cthe cinsurance capplication cis cimportant? c-
cCORRECT cANS✔✔When cattached cto cthe cpolicy, cthe capplication cbecomes cpart cof
cthe cinsurance cclause
Michael chas ca cuniversal clife cpolicy cwith can cincreasing cdeath cbenefit coption. cWith
can cinitial cface camount cof c$50,000, cwhat cwould cthe cactual cdeath cbenefit cbe? c-
cCORRECT cANS✔✔$55,000
How care cemployer-paid cpremiums cfor cemployee cgroup chealth cinsurance cnormally
ctreated cfor ctax cpurposes? c- cCORRECT cANS✔✔Tax cdeductible cto cthe cemployee c/
cNontaxable cto cthe cemployee
An cinsurance cproducer cwho coffers ca cpotential cclient csomething cof cvalue cas can
cincentive cto cpurchase cinsurance cis cengaging cin: c- cCORRECT cANS✔✔Rebating
Katherine cis ca cretiree cand cwas crecently chospitalized cfor c10 cdays. cWhich ctype cof
cinsurance cpolicy cwould cbest ccover cher cfor cexcess chospital cexpenses? c-
cCORRECT cANS✔✔Medicare cSupplement
Which cwelfare cprogram cprovides cassistance cto cthe cneedy? c- cCORRECT
cANS✔✔Medicaid
Medicare cis cNOT cavailable cto ca(n): c- cCORRECT cANS✔✔61-year cold cMedicaid
crecipient
Who cdoes cthe cinsurance cagent clegally crepresent? c- cCORRECT cANS✔✔The
cinsurance ccompany
