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XCEL SOLUTIONS 2025| BRAND NEW ACTUAL
EXAM WITH 100% VERIFIED QUESTIONS AND
CORRECT SOLUTIONS| GUARANTEED VALUE
PACK| ACE YOUR GRADES.
1. A partial surrender is allowed in which of the following life policies? -
correct answer - Universal life
2. All of the following riders can increase the death benefit amount
EXCEPT - correct answer - Waiver of Premium
3. A health insurance policy where the insurer has the right to terminate the
policy fr reasons other than the insureds health is called - correct answer
- Conditionally Renewable
4. A proposed insured for a health insurance policy was treated for heart
disease within the past year. When applying for health insurance, the
heart disease treatment - correct answer - Indicates a preexisting
condition
5. How do interest earnings accumulated in a deferred annuity - correct
answer - On a tax-deferred basis
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6. Which of the following statements is NOT true regarding a Critical Illness
Plan - correct answer - Coverage is limited to a single devastating
disease
7. Which of these is a TRUE statement regarding HIC's - correct answer -
HIC's operate on a prepayment basis
8. James is insured on a life insurance policy where his age was misstated
on the application. Which of the following is CORRECT regarding the
death benefit amount? - correct answer - The death benefit paid will be
what the premium would have purchased at the correct age
9. How son can the benefit payments begin with a deferred annuity? -
correct answer - A minimum of 12 months after date of purchase
10. An individual covered under a Blue Cross Blue Shield plan is called
a(n) - correct answer - Participant
11. The policyholder for a group health benefit plan is considered to be
the - correct answer - Employer
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12. Intentional withholding of material facts would affect an insurance
policies validity is called a(n) - correct answer - Concealment
13. An example of a health insuring corporation (HIC) specialty care
provider is a(n) - correct answer - Neurologist
14. Which of the following is NOT typically included under "hospital care"
for most health insuring corporation (HIC) plans? - correct answer -
Private duty nursing
15. An insurance producer is often responsible for field underwriting
during the application process. All fo these are possible field
underwriting roles EXCEPT - correct answer - Providing commission
information to the applicant
16. All of these are considered sources of information that can assist an
underwriter in determining whether or not to accept a risk EXCEPT -
correct answer - National Association of Insurance Underwriters
17. What is the contract called that is issued to an employer for a Group
Medical Insurance plan? - correct answer - Master policy
XCEL SOLUTIONS 2025| BRAND NEW ACTUAL
EXAM WITH 100% VERIFIED QUESTIONS AND
CORRECT SOLUTIONS| GUARANTEED VALUE
PACK| ACE YOUR GRADES.
1. A partial surrender is allowed in which of the following life policies? -
correct answer - Universal life
2. All of the following riders can increase the death benefit amount
EXCEPT - correct answer - Waiver of Premium
3. A health insurance policy where the insurer has the right to terminate the
policy fr reasons other than the insureds health is called - correct answer
- Conditionally Renewable
4. A proposed insured for a health insurance policy was treated for heart
disease within the past year. When applying for health insurance, the
heart disease treatment - correct answer - Indicates a preexisting
condition
5. How do interest earnings accumulated in a deferred annuity - correct
answer - On a tax-deferred basis
, Page |2
6. Which of the following statements is NOT true regarding a Critical Illness
Plan - correct answer - Coverage is limited to a single devastating
disease
7. Which of these is a TRUE statement regarding HIC's - correct answer -
HIC's operate on a prepayment basis
8. James is insured on a life insurance policy where his age was misstated
on the application. Which of the following is CORRECT regarding the
death benefit amount? - correct answer - The death benefit paid will be
what the premium would have purchased at the correct age
9. How son can the benefit payments begin with a deferred annuity? -
correct answer - A minimum of 12 months after date of purchase
10. An individual covered under a Blue Cross Blue Shield plan is called
a(n) - correct answer - Participant
11. The policyholder for a group health benefit plan is considered to be
the - correct answer - Employer
, Page |3
12. Intentional withholding of material facts would affect an insurance
policies validity is called a(n) - correct answer - Concealment
13. An example of a health insuring corporation (HIC) specialty care
provider is a(n) - correct answer - Neurologist
14. Which of the following is NOT typically included under "hospital care"
for most health insuring corporation (HIC) plans? - correct answer -
Private duty nursing
15. An insurance producer is often responsible for field underwriting
during the application process. All fo these are possible field
underwriting roles EXCEPT - correct answer - Providing commission
information to the applicant
16. All of these are considered sources of information that can assist an
underwriter in determining whether or not to accept a risk EXCEPT -
correct answer - National Association of Insurance Underwriters
17. What is the contract called that is issued to an employer for a Group
Medical Insurance plan? - correct answer - Master policy
