XCEL TESTING SOLUTIONS LIFE AND
HEALTH INSURANCE WEIGHTED EXAM |
NEWEST ACTUAL EXAM COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS
GRADED A+ | 100% PASS | 2026 UPDATE!
James is the insured on a life insurance policy where his age was
misstated on the application. Which of the following is CORRECT
regarding the death benefit amount? - ✔✔✔ Correct Answer > The
death benefit paid will be what the premium would have purchased at
the correct age
Under the Misstatement of Age provision, the amount paid will be what
the premium would have purchased at the correct age.
Tim has a health insurance with a deductible of $500 and an 80/20
coinsurance. How much will she pay if she incurs a loss of $1,500? -
✔✔✔ Correct Answer > $700
A health insurance policy that allows an insurer to change the
policyowner's premiums, but NOT cancel the policy is called a(n) -
✔✔✔ Correct Answer > guaranteed renewable policy
An insurer has the right to change the premium for policyowners with a
guaranteed renewable policy, but CANNOT cancel the policy.
,in this situation, the insured will pay $500 deductible plus $200
coinsurance = $700.
$1500-$500=$1000
$1000×20%=$200
$500+$200=$700
which of the following is a requirement for ANY change in an insurance
application? - ✔✔✔ Correct Answer > change must be initialed by the
applicant
Shawn, Mike, and Dave are brothers who have a $100,000 "first to die"
joint life policy covering all three of their lives. If Mike dies first, the
policy proceeds - ✔✔✔ Correct Answer > will no longer provide
Insurance protection
which of the following is NOT a common exclusion for medical expense
policy? - ✔✔✔ Correct Answer > physical therapy
CORRECT: Act of War, on the job injury, self inflicted injury
The Limited period of time given to all members to sign up for a group
health plan is called the - ✔✔✔ Correct Answer > enrollment period
what does the Consolidated Omnibus Budget Reconciliation act COBRA
,of 1985 allow an employee to do? - ✔✔✔ Correct Answer > in the
event of an employment termination, group health insurance can be
kept at the employee pays the
when a decreasing term policies purchased, it contains a decreasing
death benefit and - ✔✔✔ Correct Answer > level premiums
major medical expense Plants provide coverage for each of the
following EXCEPT - ✔✔✔ Correct Answer > work-related injuries
CORRECT: medically necessary surgery, diagnostic tests, blood in urine
lab screens
a form of medical health insurance covering the treatment and care of
gum disease is called - ✔✔✔ Correct Answer > Dental expense
insurance
in what form do disability income policies typically pay benefits? -
✔✔✔ Correct Answer > periodic income
which of these techniques will remove the risk of losing money in the
stock market by never purchasing stocks? - ✔✔✔ Correct Answer > risk
avoidance
health insurance involves two parents, accident and _______ - ✔✔✔
Correct Answer > sickness
, continuous 24-hour care provided by licensed medical professionals
under the direct supervision of a physician is called - ✔✔✔ Correct
Answer > skilled nursing care
in what part of an insurance policy are policy benefits found? - ✔✔✔
Correct Answer > declarations
essentially, the insurance declaration page is like a quick guide to the
insurance policy, providing all the basic information the policyholder
needs to know.
what type of policy would only provide coverage for specific types of
illnesses (cancer, stroke, Etc)? - ✔✔✔ Correct Answer > dread disease
insurance
Amy has a group medical policy through him player with a $500
deductible and the 90% coinsurance provision. She encourages $1,500
in covered Health Care Services. How much will her group insurance
carrier pay? - ✔✔✔ Correct Answer > $900
in this situation, the group insurance carrier will pay 90% of the covered
loss after the deductible has been applied.
HEALTH INSURANCE WEIGHTED EXAM |
NEWEST ACTUAL EXAM COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS
GRADED A+ | 100% PASS | 2026 UPDATE!
James is the insured on a life insurance policy where his age was
misstated on the application. Which of the following is CORRECT
regarding the death benefit amount? - ✔✔✔ Correct Answer > The
death benefit paid will be what the premium would have purchased at
the correct age
Under the Misstatement of Age provision, the amount paid will be what
the premium would have purchased at the correct age.
Tim has a health insurance with a deductible of $500 and an 80/20
coinsurance. How much will she pay if she incurs a loss of $1,500? -
✔✔✔ Correct Answer > $700
A health insurance policy that allows an insurer to change the
policyowner's premiums, but NOT cancel the policy is called a(n) -
✔✔✔ Correct Answer > guaranteed renewable policy
An insurer has the right to change the premium for policyowners with a
guaranteed renewable policy, but CANNOT cancel the policy.
,in this situation, the insured will pay $500 deductible plus $200
coinsurance = $700.
$1500-$500=$1000
$1000×20%=$200
$500+$200=$700
which of the following is a requirement for ANY change in an insurance
application? - ✔✔✔ Correct Answer > change must be initialed by the
applicant
Shawn, Mike, and Dave are brothers who have a $100,000 "first to die"
joint life policy covering all three of their lives. If Mike dies first, the
policy proceeds - ✔✔✔ Correct Answer > will no longer provide
Insurance protection
which of the following is NOT a common exclusion for medical expense
policy? - ✔✔✔ Correct Answer > physical therapy
CORRECT: Act of War, on the job injury, self inflicted injury
The Limited period of time given to all members to sign up for a group
health plan is called the - ✔✔✔ Correct Answer > enrollment period
what does the Consolidated Omnibus Budget Reconciliation act COBRA
,of 1985 allow an employee to do? - ✔✔✔ Correct Answer > in the
event of an employment termination, group health insurance can be
kept at the employee pays the
when a decreasing term policies purchased, it contains a decreasing
death benefit and - ✔✔✔ Correct Answer > level premiums
major medical expense Plants provide coverage for each of the
following EXCEPT - ✔✔✔ Correct Answer > work-related injuries
CORRECT: medically necessary surgery, diagnostic tests, blood in urine
lab screens
a form of medical health insurance covering the treatment and care of
gum disease is called - ✔✔✔ Correct Answer > Dental expense
insurance
in what form do disability income policies typically pay benefits? -
✔✔✔ Correct Answer > periodic income
which of these techniques will remove the risk of losing money in the
stock market by never purchasing stocks? - ✔✔✔ Correct Answer > risk
avoidance
health insurance involves two parents, accident and _______ - ✔✔✔
Correct Answer > sickness
, continuous 24-hour care provided by licensed medical professionals
under the direct supervision of a physician is called - ✔✔✔ Correct
Answer > skilled nursing care
in what part of an insurance policy are policy benefits found? - ✔✔✔
Correct Answer > declarations
essentially, the insurance declaration page is like a quick guide to the
insurance policy, providing all the basic information the policyholder
needs to know.
what type of policy would only provide coverage for specific types of
illnesses (cancer, stroke, Etc)? - ✔✔✔ Correct Answer > dread disease
insurance
Amy has a group medical policy through him player with a $500
deductible and the 90% coinsurance provision. She encourages $1,500
in covered Health Care Services. How much will her group insurance
carrier pay? - ✔✔✔ Correct Answer > $900
in this situation, the group insurance carrier will pay 90% of the covered
loss after the deductible has been applied.
