1|Page
XCEL 2-15 FLORIDA-LIFE & HEALTH EXAM
XCEL 2-15 FLORIDA-LIFE & HEALTH EXAM SIMULATOR / FL
HEALTH & LIFE AND ANNUITY 2025/2026 BANK COMPLETE
STUDY GUIDE (SOURCE XCEL SOLUTIONS) ACCURATE REAL
EXAM 2 VERSIONS WITH 400 QUESTIONS TESTING VERSIONS AND
A STUDY GUIDE
,2|Page
A Business overhead Expense policy would cover which of the following if
a business owner becomes disabled? .....answer.....Utilities and office
rent
A Whole Life insurance policyowner does NOT have the right to
.....answer.....change the grace period
Which of the following types of Term Life policies most likely contains a
Renewability feature? .....answer.....10 Year Convertible Term
,3|Page
XCEL 2-15 FLORIDA-LIFE & HEALTH EXAM
A catastrophic illness would be best covered by which of the following
health insurance plans? .....answer.....Major Medical
Many small business owner worry how their business would survive
financially if the owner becomes disabled. The policy which BEST
addresses this concern is: .....answer.....Business Overhead Expense
A 55 year old recently received a $30,000 distribution from a previous
employer's 401k plan. minus $6,000 withholding. Which federal taxed
apply if none of the funds were rolled over? .....answer.....Income taxes
plus a
, 4|Page
10% penalty tax on $30,000
Which of the following organizations would make reimbursement
payments directly to the insured individual for covered medical
expenditures?
.....answer.....Commercial insurer
Which of these Nonforfeiture Options continue a build-up of cash value?
.....answer.....Reduced Paid-Up
XCEL 2-15 FLORIDA-LIFE & HEALTH EXAM
XCEL 2-15 FLORIDA-LIFE & HEALTH EXAM SIMULATOR / FL
HEALTH & LIFE AND ANNUITY 2025/2026 BANK COMPLETE
STUDY GUIDE (SOURCE XCEL SOLUTIONS) ACCURATE REAL
EXAM 2 VERSIONS WITH 400 QUESTIONS TESTING VERSIONS AND
A STUDY GUIDE
,2|Page
A Business overhead Expense policy would cover which of the following if
a business owner becomes disabled? .....answer.....Utilities and office
rent
A Whole Life insurance policyowner does NOT have the right to
.....answer.....change the grace period
Which of the following types of Term Life policies most likely contains a
Renewability feature? .....answer.....10 Year Convertible Term
,3|Page
XCEL 2-15 FLORIDA-LIFE & HEALTH EXAM
A catastrophic illness would be best covered by which of the following
health insurance plans? .....answer.....Major Medical
Many small business owner worry how their business would survive
financially if the owner becomes disabled. The policy which BEST
addresses this concern is: .....answer.....Business Overhead Expense
A 55 year old recently received a $30,000 distribution from a previous
employer's 401k plan. minus $6,000 withholding. Which federal taxed
apply if none of the funds were rolled over? .....answer.....Income taxes
plus a
, 4|Page
10% penalty tax on $30,000
Which of the following organizations would make reimbursement
payments directly to the insured individual for covered medical
expenditures?
.....answer.....Commercial insurer
Which of these Nonforfeiture Options continue a build-up of cash value?
.....answer.....Reduced Paid-Up
