XCEL TESTING SOLUTIONS-LOUISIANA LIFE AND HEALTH EXAM
Xcel Testing Solutions-Louisiana Life and Health Exam
QUESTIONS AND ANSWERS (VERIFIED AND WELL DETAILED
Study online at https://quizlet.com/_h4vd0y
ANSWER) LATEST 2025/2026
1. Which dividend option would an insur- The Accumulation at Interest Option -
er invest the policy owner's money and invests the policy owner's money and adds in-
add any interest earnings as the divi- terest earnings to the initial amount of the divi-
dends accrue? dends.
-Accumulation at Interest Option
-Cash Dividend Option
-Paid-Up Additions Option
-One-Year Term Dividend Option
2. Decreasing term life insurance is often Provide coverage for a home mortgage-
used to? A common use for decreasing term life insurance
is to cover a home mortgage.
-provide retirement funds
-provide coverage for a home mort-
gage
-accumulate cash value
-provide coverage for estate taxes
3. Written notice for a health claim must 20
be given to the insurer ___ days after Written notice for a health claim must be given
the occurrence of the loss. to the insurer 20 days after the occurrence of the
-10-20-31-60 loss.
4. In order to activate the reinstatement provide evidence of insurability to the insurer
clause of a lapsed life insurance policy,
the insured MUST
- remit all past-due premiums within
the grace period
- provide evidence of insurability to the
insurer
- resubmit a new life insurance applica-
, Xcel Testing Solutions-Louisiana Life and Health Exam
Study online at https://quizlet.com/_h4vd0y
tion
-provide a valid reason for the lapse
5. The suicide clause of a life insurance minus indebtedness and without interest
policy states that if an insured commits The suicide clause of a life insurance policy states
suicide within a stated period from the that if an insured commits suicide within a stated
policy's inception, the insurer will only period from the policy's inception, the insurer
be liable for a return of premiums paid will only be liable for a return of premiums paid
- minus indebtedness and with interest minus indebtedness and without interest.
- during the last 12 months
-minus indebtedness and without in-
terest
- during the last 6 months
6. What does a life insurance policy guar- Specified amount of money
antee to the stated beneficiary upon Life insurance guarantees to the beneficiary a
the death of the insured? specified sum of money in the event of the in-
- Policy Dividend sured's death.
- Specified amount of money
- Policy's cash value
- Funeral expense fund
7. An insurance producer is often respon- providing commission information to the appli-
sible for field underwriting during the cant
application process. All of these are All of these are field underwriting roles an insur-
possible field underwriting roles EX- ance producer may perform EXCEPT "providing
CEPT commission information to the applicant".
- providing disclosure information to
the applicant
- collecting initial premium
- policy delivery
, Xcel Testing Solutions-Louisiana Life and Health Exam
Study online at https://quizlet.com/_h4vd0y
- providing commission information to
the applicant
8. Krissa purchases a 10-year level term The premium will remain constant and the face
life insurance policy that has a death amount will increase over the 10-year period
benefit of $200,000. Which of these "The face amount and premium will remain con-
statements is true? stant over the 10-year period". In this situation,
- The policy automatically converts to the premium and the face amount will remain
whole life after the 10-year period constant for the 10-year period.
- The face amount will remain constant
and the premium will increase over the
10-year period
The premium will remain constant and
the face amount will increase over the
10-year period
The face amount and premium will re-
main constant over the 10-year period
9. When can a group health policy renew- When contribution or participation rules have
al be denied according to the Health In- been violated
surance Portability and Accountability According to HIPAA, a group health policy renew-
Act (HIPAA)? al can be denied when participation or contribu-
- When a change of management has tion rules have been violated.
occurred within the group
- When the annual number of claims
has increased by 25%
- When contribution or participation
rules have been violated
-When group participation has in-
creased by 25%
10.
, Xcel Testing Solutions-Louisiana Life and Health Exam
Study online at https://quizlet.com/_h4vd0y
Which of the following is Medicare Part Medical Insurance
B also known as? Medicare Part B covers most medically neces-
- Hospital insurance sary doctors' services, preventive care, durable
-Medical insurance medical equipment, hospital outpatient services,
-Long- Term Care Insurance laboratory tests, x-rays, mental health care, and
-Medigap some home health and ambulance services. You
pay a monthly premium for this coverage.
11. A group life policy terminates a class of Have been insured at least 5 years
participants. To qualify for an individual To qualify for an individual policy, an employee
policy, an employee must do which of must have been insured at least 5 years.
the following?
- Prove that he is insurable
- Have been insured at least 5 years
- Apply for the new policy within 30
days
- Pay at least two premiums in advance
12. A clause that allows an insurer the right optional renewability clause
to terminate coverage at any anniver- An optional renewability clause allows an insurer
sary date is called a(n) the unrestricted right to terminate coverage at
- conditionally renewability clause any anniversary or at any premium due date.
- optional renewability clause
-selective renewability clause
- cancelable clause
13. Coordination of Benefits regulation ap- Preferred Provider Organization Plan
plies to all of the following plans EX- Coordination of Benefits regulation on group
CEPT health policies does not apply to individual
-Group Health Plans health insurance policies.
-Preferred Provider Organization Plans
Xcel Testing Solutions-Louisiana Life and Health Exam
QUESTIONS AND ANSWERS (VERIFIED AND WELL DETAILED
Study online at https://quizlet.com/_h4vd0y
ANSWER) LATEST 2025/2026
1. Which dividend option would an insur- The Accumulation at Interest Option -
er invest the policy owner's money and invests the policy owner's money and adds in-
add any interest earnings as the divi- terest earnings to the initial amount of the divi-
dends accrue? dends.
-Accumulation at Interest Option
-Cash Dividend Option
-Paid-Up Additions Option
-One-Year Term Dividend Option
2. Decreasing term life insurance is often Provide coverage for a home mortgage-
used to? A common use for decreasing term life insurance
is to cover a home mortgage.
-provide retirement funds
-provide coverage for a home mort-
gage
-accumulate cash value
-provide coverage for estate taxes
3. Written notice for a health claim must 20
be given to the insurer ___ days after Written notice for a health claim must be given
the occurrence of the loss. to the insurer 20 days after the occurrence of the
-10-20-31-60 loss.
4. In order to activate the reinstatement provide evidence of insurability to the insurer
clause of a lapsed life insurance policy,
the insured MUST
- remit all past-due premiums within
the grace period
- provide evidence of insurability to the
insurer
- resubmit a new life insurance applica-
, Xcel Testing Solutions-Louisiana Life and Health Exam
Study online at https://quizlet.com/_h4vd0y
tion
-provide a valid reason for the lapse
5. The suicide clause of a life insurance minus indebtedness and without interest
policy states that if an insured commits The suicide clause of a life insurance policy states
suicide within a stated period from the that if an insured commits suicide within a stated
policy's inception, the insurer will only period from the policy's inception, the insurer
be liable for a return of premiums paid will only be liable for a return of premiums paid
- minus indebtedness and with interest minus indebtedness and without interest.
- during the last 12 months
-minus indebtedness and without in-
terest
- during the last 6 months
6. What does a life insurance policy guar- Specified amount of money
antee to the stated beneficiary upon Life insurance guarantees to the beneficiary a
the death of the insured? specified sum of money in the event of the in-
- Policy Dividend sured's death.
- Specified amount of money
- Policy's cash value
- Funeral expense fund
7. An insurance producer is often respon- providing commission information to the appli-
sible for field underwriting during the cant
application process. All of these are All of these are field underwriting roles an insur-
possible field underwriting roles EX- ance producer may perform EXCEPT "providing
CEPT commission information to the applicant".
- providing disclosure information to
the applicant
- collecting initial premium
- policy delivery
, Xcel Testing Solutions-Louisiana Life and Health Exam
Study online at https://quizlet.com/_h4vd0y
- providing commission information to
the applicant
8. Krissa purchases a 10-year level term The premium will remain constant and the face
life insurance policy that has a death amount will increase over the 10-year period
benefit of $200,000. Which of these "The face amount and premium will remain con-
statements is true? stant over the 10-year period". In this situation,
- The policy automatically converts to the premium and the face amount will remain
whole life after the 10-year period constant for the 10-year period.
- The face amount will remain constant
and the premium will increase over the
10-year period
The premium will remain constant and
the face amount will increase over the
10-year period
The face amount and premium will re-
main constant over the 10-year period
9. When can a group health policy renew- When contribution or participation rules have
al be denied according to the Health In- been violated
surance Portability and Accountability According to HIPAA, a group health policy renew-
Act (HIPAA)? al can be denied when participation or contribu-
- When a change of management has tion rules have been violated.
occurred within the group
- When the annual number of claims
has increased by 25%
- When contribution or participation
rules have been violated
-When group participation has in-
creased by 25%
10.
, Xcel Testing Solutions-Louisiana Life and Health Exam
Study online at https://quizlet.com/_h4vd0y
Which of the following is Medicare Part Medical Insurance
B also known as? Medicare Part B covers most medically neces-
- Hospital insurance sary doctors' services, preventive care, durable
-Medical insurance medical equipment, hospital outpatient services,
-Long- Term Care Insurance laboratory tests, x-rays, mental health care, and
-Medigap some home health and ambulance services. You
pay a monthly premium for this coverage.
11. A group life policy terminates a class of Have been insured at least 5 years
participants. To qualify for an individual To qualify for an individual policy, an employee
policy, an employee must do which of must have been insured at least 5 years.
the following?
- Prove that he is insurable
- Have been insured at least 5 years
- Apply for the new policy within 30
days
- Pay at least two premiums in advance
12. A clause that allows an insurer the right optional renewability clause
to terminate coverage at any anniver- An optional renewability clause allows an insurer
sary date is called a(n) the unrestricted right to terminate coverage at
- conditionally renewability clause any anniversary or at any premium due date.
- optional renewability clause
-selective renewability clause
- cancelable clause
13. Coordination of Benefits regulation ap- Preferred Provider Organization Plan
plies to all of the following plans EX- Coordination of Benefits regulation on group
CEPT health policies does not apply to individual
-Group Health Plans health insurance policies.
-Preferred Provider Organization Plans
