Xcel Testing Solutions- Life and Health
Insurance- Weighted Exam- 150 Questions AND
ANSWERS
Save
Terms in this set (150)
The Do Not Call Registry offers insurance sales calls
exemptions for calls placed from all Charities, political organizations, and surveys are all
of the following EXCEPT offered exemptions from The Do Not Call Registry
The type of policy where the insurer cancelable
can send a notice to the insured that The renewability provision in a cancelable policy
the policy has been cancelled in the allows the insurer to cancel or terminate the policy
middle of the term is called 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 Guaranteed insurability rider
which allows her to purchase A guaranteed insurability rider allows for the
additional insurance at specific dates insured to purchase additional insurance at specific
or events without evidence of dates or events without evidence of insurability.
insurability. This rider is called a(n)
Disability Income plans which require Noncancellable
that the insurer can NEVER change or A noncancellable policy cannot be cancelled nor
alter premium rates are usually can its premium rates be increased under any
considered circumstances.
,In what part of an insurance policy Declarations
are policy benefits found? 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 Benefits will be calculated according to how much
that the insured's age was coverage the premium paid would have purchased
accidentally misstated on an for the correct age
application for an individual life Benefits will be calculated according to how much
insurance policy? coverage the premium paid would have purchased
for the correct age.
Health insurance will typically cover Injury due to accident
which of the following perils? Accidental injury is typically a covered peril in
health insurance.
A viatical settlement contract is an A life insurance policyowner and a viatical
agreement between settlement provider
A viatical settlement contract is an agreement
between a life insurance policyowner and a viatical
settlement provider.
Under the Affordable Care Act, how The insurer significantly raises co-insurance
would a grandfathered health plan charges, deductibles, or co-payment charges
lose its grandfathered status? According to the Affordable Care Act,
grandfathered health plans may lose their
grandfathered status if the insurer significantly raises
co-insurance charges, deductibles, or co-payment
charges
, Which of these techniques will Risk avoidance
remove the risk of losing money in Risk avoidance could eliminate the risk of losing
the stock market by never money in the stock market by never investing in
purchasing stocks? stocks.
Which of the following nursing home Assisted living facilities
options would BEST suit an individual An assisted living facility would best suit an
who needs some nursing care and individual who needs some nursing care and
supervision but NOT full-time care? supervision but not full-time care.
Under Louisiana law, the agreement an appointment
between an insurance producer and The agreement between an insurance producer
insurer under which the insurance and insurer under which the insurance producer, for
producer, for compensation, may compensation, may sell, solicit, or negotiate
sell, solicit, or negotiate policies policies issued by the insurer is called an
issued by the insurer is defined as appointment.
Which of these would NOT be Loss of a leg or arm
considered a presumptive disability? The loss of ONE arm or a leg is NOT considered a
presumptive disability.
A producer's license in Louisiana Two years
must be renewed every Producer licenses are issued for periods of 2 years.
Bill requires some nursing care and Assisted living
supervision but NOT full-time care. An assisted living facility would best suit an
Which of these nursing home options individual who needs some nursing care and
would best serve him? supervision but not full-time care.
The open enrollment period for 65
Medicare Supplements begins at age Open enrollment for Medicare Supplements begins
at the age the individual becomes eligible for
Medicare, which is typically age 65.
Insurance- Weighted Exam- 150 Questions AND
ANSWERS
Save
Terms in this set (150)
The Do Not Call Registry offers insurance sales calls
exemptions for calls placed from all Charities, political organizations, and surveys are all
of the following EXCEPT offered exemptions from The Do Not Call Registry
The type of policy where the insurer cancelable
can send a notice to the insured that The renewability provision in a cancelable policy
the policy has been cancelled in the allows the insurer to cancel or terminate the policy
middle of the term is called 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 Guaranteed insurability rider
which allows her to purchase A guaranteed insurability rider allows for the
additional insurance at specific dates insured to purchase additional insurance at specific
or events without evidence of dates or events without evidence of insurability.
insurability. This rider is called a(n)
Disability Income plans which require Noncancellable
that the insurer can NEVER change or A noncancellable policy cannot be cancelled nor
alter premium rates are usually can its premium rates be increased under any
considered circumstances.
,In what part of an insurance policy Declarations
are policy benefits found? 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 Benefits will be calculated according to how much
that the insured's age was coverage the premium paid would have purchased
accidentally misstated on an for the correct age
application for an individual life Benefits will be calculated according to how much
insurance policy? coverage the premium paid would have purchased
for the correct age.
Health insurance will typically cover Injury due to accident
which of the following perils? Accidental injury is typically a covered peril in
health insurance.
A viatical settlement contract is an A life insurance policyowner and a viatical
agreement between settlement provider
A viatical settlement contract is an agreement
between a life insurance policyowner and a viatical
settlement provider.
Under the Affordable Care Act, how The insurer significantly raises co-insurance
would a grandfathered health plan charges, deductibles, or co-payment charges
lose its grandfathered status? According to the Affordable Care Act,
grandfathered health plans may lose their
grandfathered status if the insurer significantly raises
co-insurance charges, deductibles, or co-payment
charges
, Which of these techniques will Risk avoidance
remove the risk of losing money in Risk avoidance could eliminate the risk of losing
the stock market by never money in the stock market by never investing in
purchasing stocks? stocks.
Which of the following nursing home Assisted living facilities
options would BEST suit an individual An assisted living facility would best suit an
who needs some nursing care and individual who needs some nursing care and
supervision but NOT full-time care? supervision but not full-time care.
Under Louisiana law, the agreement an appointment
between an insurance producer and The agreement between an insurance producer
insurer under which the insurance and insurer under which the insurance producer, for
producer, for compensation, may compensation, may sell, solicit, or negotiate
sell, solicit, or negotiate policies policies issued by the insurer is called an
issued by the insurer is defined as appointment.
Which of these would NOT be Loss of a leg or arm
considered a presumptive disability? The loss of ONE arm or a leg is NOT considered a
presumptive disability.
A producer's license in Louisiana Two years
must be renewed every Producer licenses are issued for periods of 2 years.
Bill requires some nursing care and Assisted living
supervision but NOT full-time care. An assisted living facility would best suit an
Which of these nursing home options individual who needs some nursing care and
would best serve him? supervision but not full-time care.
The open enrollment period for 65
Medicare Supplements begins at age Open enrollment for Medicare Supplements begins
at the age the individual becomes eligible for
Medicare, which is typically age 65.
