XCEL TESTING SOLUTIONS- LIFE AND HEALTH INSURANCE- WEIGHTED EXAM WITH 400 QUESTIONS AND CORRECT ANSWERS WITH RATIONALES (100 CORRECT DETAILED ANSWERS)

XCELTESTING SOLUTIONS- g g


LOUISIANA LIFEAND HEALTH EXAM SIM
g g g g g


ULATOR EXAM | QUESTIONS &ANSWERS
g g g g g g


(VERIFIED) | LATEST UPDATE | GRADED A+
g g g g g g




Whichgdividendgoptiongwouldganginsurerginvestgthegpolicygowner'sgmoneygandgaddganygi
nterestgearningsgasgthegdividendsgaccrue?



-AccumulationgatgInterestgOption

-CashgDividendgOption

-Paid-UpgAdditionsgOption

-One-YeargTermgDividendgOption

CorrectgAnswer:g ThegAccumulationgatgInterestgOptiong-

investsgthegpolicygowner'sgmoneygandgaddsginterestgearningsgtogtheginitialgamountgofgthe
dividends.
g




Decreasinggtermglifeginsurancegisgoftengusedgto?



-providegretirementgfunds




1

,-providegcoveragegforgaghomegmortgage

-accumulategcashgvalue

-providegcoveragegforgestategtaxes

CorrectgAnswer:g Providegcoveragegforgaghomegmortgage-

Agcommongusegforgdecreasinggtermglifeginsurancegisgtogcovergaghomegmortgage.



Writtengnoticegforgaghealthgclaimgmustgbeggivengtogtheginsurerg
daysgaftergthe
occurrencegofgthegloss.
g



-10-20-31-60

CorrectgAnswer:g 20

Writtengnoticegforgaghealthgclaimgmustgbeggivengtogtheginsurerg20gdaysgaftergthegoccurre
ncegofgthegloss.



Ingordergtogactivategthegreinstatementgclausegofgaglapsedglifeginsurancegpolicy,gtheginsu
redgMUST

- remitgallgpast-duegpremiumsgwithingtheggracegperiod

- providegevidencegofginsurabilitygtogtheginsurer

- resubmitgagnewglifeginsurancegapplication

-providegagvalidgreasongforgtheglapse

CorrectgAnswer:g providegevidencegofginsurabilitygtogtheginsurer




Thegsuicidegclausegofgaglifeginsurancegpolicygstatesgthatgifganginsuredgcommitsgsuicidegw
ithingagstatedgperiodgfromgthegpolicy'sginception,gtheginsurergwillgonlygbegliablegforgagretu
rngofgpremiumsgpaid

,2

, - minusgindebtednessgandgwithginterest

- duringgtheglastg12gmonths

-minusgindebtednessgandgwithoutginterest

- duringgtheglastg6gmonths

CorrectgAnswer:g minusgindebtednessgandgwithoutginterest

Thegsuicidegclausegofgaglifeginsurancegpolicygstatesgthatgifganginsuredgcommitsgsuicidegwi
thingagstatedgperiodgfromgthegpolicy'sginception,gtheginsurergwillgonlygbegliablegforgagretur
ngofgpremiumsgpaidgminusgindebtednessgandgwithoutginterest.



Whatgdoesgaglifeginsurancegpolicygguaranteegtogthegstatedgbeneficiarygupongthegdeathgof
theginsured?
g



- PolicygDividend

- Specifiedgamountgofgmoney

- Policy'sgcashgvalue

- Funeralgexpensegfund

CorrectgAnswer:g Specifiedgamountgofgmoney

Lifeginsurancegguaranteesgtogthegbeneficiarygagspecifiedgsumgofgmoneygingthegeventgofg
theginsured'sgdeath.



Anginsurancegproducergisgoftengresponsiblegforgfieldgunderwritinggduringgthegapplicationg
process.gAllgofgthesegaregpossiblegfieldgunderwritinggrolesgEXCEPT

- providinggdisclosureginformationgtogthegapplicant

- collectingginitialgpremium

- policygdelivery



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