Xcel Life and Health Insurance
Exam (Latest 2025/2026 Update)
150 Questions with Verified
Answers | 100% Correct | Grade A.
Question:
Health insurance will typically cover which of the following perils??
i,- i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
Injury due to accident
i,- i,- i,-
i,- Accidental injury is typically a covered peril in health insurance.
i,- i,- i,- i,- i,- i,- i,- i,- i,-
Question:
A viatical settlement contract is an agreement between?
i,- i,- i,- i,- i,- i,- i,-
Answer:
A life insurance policyowner and a viatical settlement provider
i,- i,- i,- i,- i,- i,- i,- i,-
A viatical settlement contract is an agreement between a life insurance
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
policyowner and a viatical settlement provider. i,- i,- i,- i,- i,-
Question:
Under the Affordable Care Act, how would a grandfathered health plan
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
lose its grandfathered status??
i,- i,- i,-
Answer:
,The insurer significantly raises co-insurance charges, deductibles, or co-
i,- i,- i,- i,- i,- i,- i,- i,-
payment charges i,-
According to the Affordable Care Act, grandfathered health plans may
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
lose their grandfathered status if the insurer significantly raises co-
i,- i,- i,- i,- i,- i,- i,- i,- i,-
insurance charges, deductibles, or co-payment charges
i,- i,- i,- i,- i,-
Question:
Which of these techniques will remove the risk of losing money in the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
stock market by never purchasing stocks??
i,- i,- i,- i,- i,-
Answer:
Risk avoidance
i,-
Risk avoidance could eliminate the risk of losing money in the stock
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
market by never investing in stocks.i,- i,- i,- i,- i,-
Question:
Which of the following nursing home options would BEST suit an
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
individual who needs some nursing care and supervision but NOT full-
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
time care?? i,-
Answer:
Assisted living facilities i,- i,-
An assisted living facility would best suit an individual who needs some
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
nursing care and supervision but not full-time care.
i,- i,- i,- i,- i,- i,- i,-
Question:
,Under Louisiana law, the agreement between an insurance producer and
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
insurer under which the insurance producer, for compensation, may sell,
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
solicit, or negotiate policies issued by the insurer is defined as?
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
an appointment
i,-
The agreement between an insurance producer and insurer under which
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
the insurance producer, for compensation, may sell, solicit, or negotiate
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
policies issued by the insurer is called an appointment.
i,- i,- i,- i,- i,- i,- i,- i,-
Question:
Which of these would NOT be considered a presumptive disability??
i,- i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
Loss of a leg or armi,- i,- i,- i,- i,-
The loss of ONE arm or a leg is NOT considered a presumptive disability.
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
Question:
A producer's license in Louisiana must be renewed every?
i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
Two years i,-
Producer licenses are issued for periods of 2 years.
i,- i,- i,- i,- i,- i,- i,- i,-
Question:
Bill requires some nursing care and supervision but NOT full-time care.
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
Which of these nursing home options would best serve him??
i,- i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
, Assisted living i,-
An assisted living facility would best suit an individual who needs some
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
nursing care and supervision but not full-time care.
i,- i,- i,- i,- i,- i,- i,-
Question:
The open enrollment period for Medicare Supplements begins at age?
i,- i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
65
Open enrollment for Medicare Supplements begins at the age the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
individual becomes eligible for Medicare, which is typically age 65.
i,- i,- i,- i,- i,- i,- i,- i,- i,-
Question:
Mark continues working after the age of 65 and is covered through his
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
employer's group health plan. Which of the following statements is TRUE??
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
Medicare is the secondary payer i,- i,- i,- i,-
If an individual continues to work after the age of 65 and keeps the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
group plan, primary coverage comes from the group insurance plan and
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
Medicare is considered the secondary payer. i,- i,- i,- i,- i,-
Question:
The Do Not Call Registry offers exemptions for calls placed from all of the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
following EXCEPT? i,-
Answer:
insurance sales calls i,- i,-
Exam (Latest 2025/2026 Update)
150 Questions with Verified
Answers | 100% Correct | Grade A.
Question:
Health insurance will typically cover which of the following perils??
i,- i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
Injury due to accident
i,- i,- i,-
i,- Accidental injury is typically a covered peril in health insurance.
i,- i,- i,- i,- i,- i,- i,- i,- i,-
Question:
A viatical settlement contract is an agreement between?
i,- i,- i,- i,- i,- i,- i,-
Answer:
A life insurance policyowner and a viatical settlement provider
i,- i,- i,- i,- i,- i,- i,- i,-
A viatical settlement contract is an agreement between a life insurance
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
policyowner and a viatical settlement provider. i,- i,- i,- i,- i,-
Question:
Under the Affordable Care Act, how would a grandfathered health plan
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
lose its grandfathered status??
i,- i,- i,-
Answer:
,The insurer significantly raises co-insurance charges, deductibles, or co-
i,- i,- i,- i,- i,- i,- i,- i,-
payment charges i,-
According to the Affordable Care Act, grandfathered health plans may
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
lose their grandfathered status if the insurer significantly raises co-
i,- i,- i,- i,- i,- i,- i,- i,- i,-
insurance charges, deductibles, or co-payment charges
i,- i,- i,- i,- i,-
Question:
Which of these techniques will remove the risk of losing money in the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
stock market by never purchasing stocks??
i,- i,- i,- i,- i,-
Answer:
Risk avoidance
i,-
Risk avoidance could eliminate the risk of losing money in the stock
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
market by never investing in stocks.i,- i,- i,- i,- i,-
Question:
Which of the following nursing home options would BEST suit an
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
individual who needs some nursing care and supervision but NOT full-
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
time care?? i,-
Answer:
Assisted living facilities i,- i,-
An assisted living facility would best suit an individual who needs some
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
nursing care and supervision but not full-time care.
i,- i,- i,- i,- i,- i,- i,-
Question:
,Under Louisiana law, the agreement between an insurance producer and
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
insurer under which the insurance producer, for compensation, may sell,
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
solicit, or negotiate policies issued by the insurer is defined as?
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
an appointment
i,-
The agreement between an insurance producer and insurer under which
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
the insurance producer, for compensation, may sell, solicit, or negotiate
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
policies issued by the insurer is called an appointment.
i,- i,- i,- i,- i,- i,- i,- i,-
Question:
Which of these would NOT be considered a presumptive disability??
i,- i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
Loss of a leg or armi,- i,- i,- i,- i,-
The loss of ONE arm or a leg is NOT considered a presumptive disability.
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
Question:
A producer's license in Louisiana must be renewed every?
i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
Two years i,-
Producer licenses are issued for periods of 2 years.
i,- i,- i,- i,- i,- i,- i,- i,-
Question:
Bill requires some nursing care and supervision but NOT full-time care.
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
Which of these nursing home options would best serve him??
i,- i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
, Assisted living i,-
An assisted living facility would best suit an individual who needs some
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
nursing care and supervision but not full-time care.
i,- i,- i,- i,- i,- i,- i,-
Question:
The open enrollment period for Medicare Supplements begins at age?
i,- i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
65
Open enrollment for Medicare Supplements begins at the age the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
individual becomes eligible for Medicare, which is typically age 65.
i,- i,- i,- i,- i,- i,- i,- i,- i,-
Question:
Mark continues working after the age of 65 and is covered through his
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
employer's group health plan. Which of the following statements is TRUE??
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
Medicare is the secondary payer i,- i,- i,- i,-
If an individual continues to work after the age of 65 and keeps the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
group plan, primary coverage comes from the group insurance plan and
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
Medicare is considered the secondary payer. i,- i,- i,- i,- i,-
Question:
The Do Not Call Registry offers exemptions for calls placed from all of the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
following EXCEPT? i,-
Answer:
insurance sales calls i,- i,-
