XCEL TESTING SOLUTIONS-LOUISIANA LIFE AND
HEALTH EXAM QUESTIONS AND ANSWERS
(VERIFIED AND WELL DETAILED ANSWER)
LATEST 2025/2026
Save
Terms in this set (200)
Which dividend option The Accumulation at Interest Option -
would an insurer invest the invests the policy owner's money and adds interest
policy owner's money and earnings to the initial amount of the dividends.
add any interest earnings
as the dividends accrue?
-Accumulation at Interest
Option
-Cash Dividend Option
-Paid-Up Additions Option
-One-Year Term Dividend
Option
,Decreasing term life Provide coverage for a home mortgage-
insurance is often used A common use for decreasing term life insurance is to
to? cover a home mortgage.
-provide retirement funds
-provide coverage for a
home mortgage
-accumulate cash value
-provide coverage for
estate taxes
Written notice for a health 20
claim must be given to the Written notice for a health claim must be given to the
insurer ___ days after the insurer 20 days after the occurrence of the loss.
occurrence of the loss.
-10-20-31-60
In order to activate the provide evidence of insurability to the insurer
reinstatement 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 application
-provide a valid reason for
the lapse
,The suicide clause of a life minus indebtedness and without interest
insurance policy states The suicide clause of a life insurance policy states that
that if an insured commits if an insured commits suicide within a stated period
suicide within a stated from the policy's inception, the insurer will only be
period from the policy's liable for a return of premiums paid minus
inception, the insurer will indebtedness and without interest.
only be liable for a return
of premiums paid
- minus indebtedness and
with interest
- during the last 12 months
-minus indebtedness and
without interest
- during the last 6 months
What does a life insurance Specified amount of money
policy guarantee to the Life insurance guarantees to the beneficiary a
stated beneficiary upon specified sum of money in the event of the insured's
the death of the insured? death.
- Policy Dividend
- Specified amount of
money
- Policy's cash value
- Funeral expense fund
, An insurance producer is providing commission information to the applicant
often responsible for field All of these are field underwriting roles an insurance
underwriting during the producer may perform EXCEPT "providing
application process. All of commission information to the applicant".
these are possible field
underwriting roles
EXCEPT
- providing disclosure
information to the
applicant
- collecting initial premium
- policy delivery
- providing commission
information to the
applicant
Krissa purchases a 10-year The premium will remain constant and the face
level term life insurance amount will increase over the 10-year period
policy that has a death "The face amount and premium will remain constant
benefit of $200,000. Which over the 10-year period". In this situation, the premium
of these statements is and the face amount will remain constant for the 10-
true? year period.
- The policy automatically
converts to whole life
after 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 remain
constant over the 10-year
period
HEALTH EXAM QUESTIONS AND ANSWERS
(VERIFIED AND WELL DETAILED ANSWER)
LATEST 2025/2026
Save
Terms in this set (200)
Which dividend option The Accumulation at Interest Option -
would an insurer invest the invests the policy owner's money and adds interest
policy owner's money and earnings to the initial amount of the dividends.
add any interest earnings
as the dividends accrue?
-Accumulation at Interest
Option
-Cash Dividend Option
-Paid-Up Additions Option
-One-Year Term Dividend
Option
,Decreasing term life Provide coverage for a home mortgage-
insurance is often used A common use for decreasing term life insurance is to
to? cover a home mortgage.
-provide retirement funds
-provide coverage for a
home mortgage
-accumulate cash value
-provide coverage for
estate taxes
Written notice for a health 20
claim must be given to the Written notice for a health claim must be given to the
insurer ___ days after the insurer 20 days after the occurrence of the loss.
occurrence of the loss.
-10-20-31-60
In order to activate the provide evidence of insurability to the insurer
reinstatement 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 application
-provide a valid reason for
the lapse
,The suicide clause of a life minus indebtedness and without interest
insurance policy states The suicide clause of a life insurance policy states that
that if an insured commits if an insured commits suicide within a stated period
suicide within a stated from the policy's inception, the insurer will only be
period from the policy's liable for a return of premiums paid minus
inception, the insurer will indebtedness and without interest.
only be liable for a return
of premiums paid
- minus indebtedness and
with interest
- during the last 12 months
-minus indebtedness and
without interest
- during the last 6 months
What does a life insurance Specified amount of money
policy guarantee to the Life insurance guarantees to the beneficiary a
stated beneficiary upon specified sum of money in the event of the insured's
the death of the insured? death.
- Policy Dividend
- Specified amount of
money
- Policy's cash value
- Funeral expense fund
, An insurance producer is providing commission information to the applicant
often responsible for field All of these are field underwriting roles an insurance
underwriting during the producer may perform EXCEPT "providing
application process. All of commission information to the applicant".
these are possible field
underwriting roles
EXCEPT
- providing disclosure
information to the
applicant
- collecting initial premium
- policy delivery
- providing commission
information to the
applicant
Krissa purchases a 10-year The premium will remain constant and the face
level term life insurance amount will increase over the 10-year period
policy that has a death "The face amount and premium will remain constant
benefit of $200,000. Which over the 10-year period". In this situation, the premium
of these statements is and the face amount will remain constant for the 10-
true? year period.
- The policy automatically
converts to whole life
after 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 remain
constant over the 10-year
period
