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

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

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XCELTESTING SOLUTIONS-
g g

LIFEAND HEALTH INSURANCE-
g g g g

WEIGHTED EXAM | QUESTIONS &ANSWE
g g g g g g

RS (VERIFIED) | LATEST UPDATE | GRADE
g g g g g g

DA+ g

ThegDogNotgCallgRegistrygoffersgexemptionsgforgcallsgplacedgfromgallgofgthegfollowinggEX
CEPT

CorrectgAnswer:g insurancegsalesgcalls

Charities,gpoliticalgorganizations,gandgsurveysgaregallgofferedgexemptionsgfromgThegDog
NotgCallgRegistry

Thegtypegofgpolicygwheregtheginsurergcangsendgagnoticegtogtheginsuredgthatgthegpolicygha
sgbeengcancelledgingthegmiddlegofgthegtermgisgcalled

CorrectgAnswer:g cancelable

Thegrenewabilitygprovisiongingagcancelablegpolicygallowsgtheginsurergtogcancelgorgtermin
ategthegpolicygatganygtime,gsimplygbygprovidinggwrittengnotificationgtogtheginsuredgandgref
undingganygadvancegpremiumgthatghasgbeengpaid.

Barbara'sgpolicygincludesgagridergwhichgallowsghergtogpurchasegadditionalginsurancegatgs
pecificgdatesgorgeventsgwithoutgevidencegofginsurability.gThisgridergisgcalledga(n)

CorrectgAnswer:g Guaranteedginsurabilitygrider

Agguaranteedginsurabilitygridergallowsgforgtheginsuredgtogpurchasegadditionalginsurance
atgspecificgdatesgorgeventsgwithoutgevidencegofginsurability.
g

,1

,DisabilitygIncomegplansgwhichgrequiregthatgtheginsurergcangNEVERgchangegorgaltergprem
iumgratesgaregusuallygconsidered

CorrectgAnswer:g Noncancellable

Agnoncancellablegpolicygcannotgbegcancelledgnorgcangitsgpremiumgratesgbegincreasedgun
derganygcircumstances.

Ingwhatgpartgofganginsurancegpolicygaregpolicygbenefitsgfound?

CorrectgAnswer:g Declarations

Essentially,gtheginsurancegdeclarationgpagegisglikegagquickgguidegtogtheginsurancegpolicy,
providinggallgofgthegbasicginformationgthegpolicyholdergneedsgtogknow.
g

Whatghappensgifgtheginsurergdiscoversgthatgtheginsured'sgagegwasgaccidentallygmisstate
dgongangapplicationgforgangindividualglifeginsurancegpolicy?

CorrectgAnswer:g Benefitsgwillgbegcalculatedgaccordinggtoghowgmuchgcoveragegthegpremi

umgpaidgwouldghavegpurchasedgforgthegcorrectgage

Benefitsgwillgbegcalculatedgaccordinggtoghowgmuchgcoveragegthegpremiumgpaidgwouldgh
avegpurchasedgforgthegcorrectgage.

Healthginsurancegwillgtypicallygcovergwhichgofgthegfollowinggperils?

CorrectgAnswer:g Injurygduegtogaccident

Accidentalginjurygisgtypicallygagcoveredgperilginghealthginsurance.

Agviaticalgsettlementgcontractgisgangagreementgbetween

2

, CorrectgAnswer:g Aglifeginsurancegpolicyownergandgagviaticalgsettlementgprovider

Agviaticalgsettlementgcontractgisgangagreementgbetweengaglifeginsurancegpolicyownergan
dgagviaticalgsettlementgprovider.

UndergthegAffordablegCaregAct,ghowgwouldgaggrandfatheredghealthgplanglosegitsggrandfat
heredgstatus?

CorrectgAnswer:g Theginsurergsignificantlygraisesgco-

insurancegcharges,gdeductibles,gorgco-gpaymentgcharges

AccordinggtogthegAffordablegCaregAct,ggrandfatheredghealthgplansgmayglosegtheirggran
dfatheredgstatusgifgtheginsurergsignificantlygraisesgco-
insurancegcharges,gdeductibles,gorgco-paymentgcharges

Whichgofgthesegtechniquesgwillgremovegthegriskgofglosinggmoneygingthegstockgmarketgbyg
nevergpurchasinggstocks?

CorrectgAnswer:g Riskgavoidance

Riskgavoidancegcouldgeliminategthegriskgofglosinggmoneygingthegstockgmarketgbygnevergin
vestinggingstocks.

WhichgofgthegfollowinggnursingghomegoptionsgwouldgBESTgsuitgangindividualgwhogneedsg
somegnursinggcaregandgsupervisiongbutgNOTgfull-timegcare?

CorrectgAnswer:g Assistedglivinggfacilities

Angassistedglivinggfacilitygwouldgbestgsuitgangindividualgwhogneedsgsomegnursinggcareg
andgsupervisiongbutgnotgfull-timegcare.

3

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Gary Burden, Jonathan Burden Life and Health Insurance for Today\'s Market

Edition:2010
ISBN:9780692825266
Edition:Unknown

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Course: Wxy

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Number of pages: 41
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Type: Exam (elaborations)
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xcel testing solutions life and health insurance

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

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