1|Page
XCEL Solutions Final Exam 2025 Practice Test 200
Questions and Correct Answers/ XCEL Life
Insurance Final Practice Exam
Insuring Which health policy clause specifies the amount
of benefits to be paid - ...ANSWER...✓✓ Insuring
The investment gains from a universal life policy usually
go to - ...ANSWER...✓✓ The cash value
L takes out a life insurance policy and dies 10 years later.
During the claim process, the insurer finds out that the
applicant misstated their age. What will the insurer do? -
...ANSWER...✓✓ Adjust the death benefit to a reduced
amount
An employee is covered under a company group life plan
with a $50,000 death benefit. What is the Maximum
amount a spouse may be insured for under this program
- ...ANSWER...✓✓ $25,000
M is insured under a basic hospital/surgical expense
policy. A physician performs surgery on M. What
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determines the claim M is eligible for - ...ANSWER...✓✓
Determined by the terms of the policy
A(n)__-_-_-_-_-_-_-_ beneficiary may be changed by the
policy owner without the consent of the beneficiary -
...ANSWER...✓✓ Revocable
What is the MINIMUM benefit period that must be offered
by a long term care policy - ...ANSWER...✓✓ 12 months
To terminate an agent's appointment, an insurance
company must - ...ANSWER...✓✓ Send termination notice
to the Texas Department of Insurance
An agent gives a conditional receipt to a client for an
insurance policy after collecting the initial premium.
When will the policy become effective? - ...ANSWER...✓✓
When the conditions of the receipt are met
Which of the following costs would a Basic
Hospital/Surgical policy cover? - ...ANSWER...✓✓
Surgically removing a facial birthmark
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Which of the following statements is CORRECT about an
agent who is taking an insurance application -
...ANSWER...✓✓ The agent should have the applicant
initial any changes made on the application
Which statement is true about a whole life policy -
...ANSWER...✓✓ Cash value may be borrowed against
How long does an insurance company appointment
remain in force - ...ANSWER...✓✓ Until terminated
Which of the following statements about health coverage
for newborns is NOT true? - ...ANSWER...✓✓ Coverage is
LIMITED to only congenital defects
Medicare Part A and Part B do NOT pay for -
...ANSWER...✓✓ Dental care
An insurance company receives E's application for an
individual health policy. E did not complete all of the
medical history questions because she could not
remember the exact dates. E signed the policy and
submitted it to the insurance company anyway. A few
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weeks later, E suffers a heart attack and is hospitalized
without completing the medical history questions and
paying the initial premium. E is not insured. Which of the
following clauses details the conditions that E did not
meet? - ...ANSWER...✓✓ Consideration clause
The percentage of an individuals primary insurance
amount determines the benefits paid in which of the
following programs - ...ANSWER...✓✓ Social Security
Disability Income
Q is severely injured in an automobile accident and
becomes totally disabled. How many months must Q be
disabled before being able to apply for Social Security
disability benefits? - ...ANSWER...✓✓ 5 months
After an insured gives notice of loss, what must he/she
do if the insurer does not furnish forms - ...ANSWER...✓✓
File written proof of loss
Which of the following types of care is typically not
covered in a long term care policy - ...ANSWER...✓✓
acupuncture
XCEL Solutions Final Exam 2025 Practice Test 200
Questions and Correct Answers/ XCEL Life
Insurance Final Practice Exam
Insuring Which health policy clause specifies the amount
of benefits to be paid - ...ANSWER...✓✓ Insuring
The investment gains from a universal life policy usually
go to - ...ANSWER...✓✓ The cash value
L takes out a life insurance policy and dies 10 years later.
During the claim process, the insurer finds out that the
applicant misstated their age. What will the insurer do? -
...ANSWER...✓✓ Adjust the death benefit to a reduced
amount
An employee is covered under a company group life plan
with a $50,000 death benefit. What is the Maximum
amount a spouse may be insured for under this program
- ...ANSWER...✓✓ $25,000
M is insured under a basic hospital/surgical expense
policy. A physician performs surgery on M. What
,2|Page
determines the claim M is eligible for - ...ANSWER...✓✓
Determined by the terms of the policy
A(n)__-_-_-_-_-_-_-_ beneficiary may be changed by the
policy owner without the consent of the beneficiary -
...ANSWER...✓✓ Revocable
What is the MINIMUM benefit period that must be offered
by a long term care policy - ...ANSWER...✓✓ 12 months
To terminate an agent's appointment, an insurance
company must - ...ANSWER...✓✓ Send termination notice
to the Texas Department of Insurance
An agent gives a conditional receipt to a client for an
insurance policy after collecting the initial premium.
When will the policy become effective? - ...ANSWER...✓✓
When the conditions of the receipt are met
Which of the following costs would a Basic
Hospital/Surgical policy cover? - ...ANSWER...✓✓
Surgically removing a facial birthmark
,3|Page
Which of the following statements is CORRECT about an
agent who is taking an insurance application -
...ANSWER...✓✓ The agent should have the applicant
initial any changes made on the application
Which statement is true about a whole life policy -
...ANSWER...✓✓ Cash value may be borrowed against
How long does an insurance company appointment
remain in force - ...ANSWER...✓✓ Until terminated
Which of the following statements about health coverage
for newborns is NOT true? - ...ANSWER...✓✓ Coverage is
LIMITED to only congenital defects
Medicare Part A and Part B do NOT pay for -
...ANSWER...✓✓ Dental care
An insurance company receives E's application for an
individual health policy. E did not complete all of the
medical history questions because she could not
remember the exact dates. E signed the policy and
submitted it to the insurance company anyway. A few
, 4|Page
weeks later, E suffers a heart attack and is hospitalized
without completing the medical history questions and
paying the initial premium. E is not insured. Which of the
following clauses details the conditions that E did not
meet? - ...ANSWER...✓✓ Consideration clause
The percentage of an individuals primary insurance
amount determines the benefits paid in which of the
following programs - ...ANSWER...✓✓ Social Security
Disability Income
Q is severely injured in an automobile accident and
becomes totally disabled. How many months must Q be
disabled before being able to apply for Social Security
disability benefits? - ...ANSWER...✓✓ 5 months
After an insured gives notice of loss, what must he/she
do if the insurer does not furnish forms - ...ANSWER...✓✓
File written proof of loss
Which of the following types of care is typically not
covered in a long term care policy - ...ANSWER...✓✓
acupuncture
