LIFE AND HEALTH INSURANCE XCEL TESTING
WEIGHTED EXAM WITH SOLUTIONS 2025
Which of these techniques will remove the risk of
losing money in the stock market by never
purchasing stocks? - answer-Risk avoidance
Risk avoidance could eliminate the risk of losing
money in the stock market by never investing in
stocks.
The Do Not Call Registry offers exemptions for calls
placed from all of the following EXCEPT - answer-
insurance sales calls
Charities, political organizations, and surveys are all
offered exemptions from The Do Not Call Registry
,The type of policy where the insurer can send a
notice to the insured that the policy has been
cancelled in the middle of the term is called -
answer-cancelable
The renewability provision in a cancelable policy
allows the insurer to cancel or terminate the policy at
any time, simply by providing written notification to
the insured and refunding any advance premium that
has been paid.
Barbara's policy includes a rider which allows her to
purchase additional insurance at specific dates or
events without evidence of insurability. This rider is
called a(n) - answer-Guaranteed insurability rider
,A guaranteed insurability rider allows for the insured
to purchase additional insurance at specific dates or
events without evidence of insurability.
Disability Income plans which require that the insurer
can NEVER change or alter premium rates are usually
considered - answer-Noncancellable
A noncancellable policy cannot be cancelled nor can
its premium rates be increased under any
circumstances.
In what part of an insurance policy are policy benefits
found? - answer-Declarations
Essentially, the insurance declaration page is like a
quick guide to the insurance policy, providing all of
, the basic information the policyholder needs to
know.
What happens if the insurer discovers that the
insured's age was accidentally misstated on an
application for an individual life insurance policy? -
answer-Benefits will be calculated according to how
much coverage the premium paid would have
purchased for the correct age
Benefits will be calculated according to how much
coverage the premium paid would have purchased
for the correct age.
Health insurance will typically cover which of the
following perils? - answer-Injury due to accident
WEIGHTED EXAM WITH SOLUTIONS 2025
Which of these techniques will remove the risk of
losing money in the stock market by never
purchasing stocks? - answer-Risk avoidance
Risk avoidance could eliminate the risk of losing
money in the stock market by never investing in
stocks.
The Do Not Call Registry offers exemptions for calls
placed from all of the following EXCEPT - answer-
insurance sales calls
Charities, political organizations, and surveys are all
offered exemptions from The Do Not Call Registry
,The type of policy where the insurer can send a
notice to the insured that the policy has been
cancelled in the middle of the term is called -
answer-cancelable
The renewability provision in a cancelable policy
allows the insurer to cancel or terminate the policy at
any time, simply by providing written notification to
the insured and refunding any advance premium that
has been paid.
Barbara's policy includes a rider which allows her to
purchase additional insurance at specific dates or
events without evidence of insurability. This rider is
called a(n) - answer-Guaranteed insurability rider
,A guaranteed insurability rider allows for the insured
to purchase additional insurance at specific dates or
events without evidence of insurability.
Disability Income plans which require that the insurer
can NEVER change or alter premium rates are usually
considered - answer-Noncancellable
A noncancellable policy cannot be cancelled nor can
its premium rates be increased under any
circumstances.
In what part of an insurance policy are policy benefits
found? - answer-Declarations
Essentially, the insurance declaration page is like a
quick guide to the insurance policy, providing all of
, the basic information the policyholder needs to
know.
What happens if the insurer discovers that the
insured's age was accidentally misstated on an
application for an individual life insurance policy? -
answer-Benefits will be calculated according to how
much coverage the premium paid would have
purchased for the correct age
Benefits will be calculated according to how much
coverage the premium paid would have purchased
for the correct age.
Health insurance will typically cover which of the
following perils? - answer-Injury due to accident
