Xcel Testing Solutions- Life and Health
Insurance- Weighted Exam- 150
Questions 2025/2026 Exam All Answers
and Illustrations Given
The Do Not Call Registry offers exemptions for calls placed from all of the
following EXCEPT - 🧠 ANSWER ✔✔insurance sales calls
Charities, political organizations, and surveys are all offered exemptions
from The Do Not Call Registry
The type of policy where the insurer can send a notice to the insured that
the policy has been cancelled in the middle of the term is called - 🧠
ANSWER ✔✔cancelable
The renewability provision in a cancelable policy allows the insurer to
cancel or terminate the policy at any time, simply by providing written
,notification to the insured and refunding any advance premium that has
been paid.
Barbara's policy includes a rider which allows her to purchase additional
insurance at specific dates or events without evidence of insurability. This
rider is called a(n) - 🧠 ANSWER ✔✔Guaranteed insurability rider
A guaranteed insurability rider allows for the insured to purchase additional
insurance at specific dates or events without evidence of insurability.
Disability Income plans which require that the insurer can NEVER change
or alter premium rates are usually considered - 🧠 ANSWER
✔✔Noncancellable
A noncancellable policy cannot be cancelled nor can its premium rates be
increased under any circumstances.
In what part of an insurance policy are policy benefits found? - 🧠 ANSWER
✔✔Declarations
Essentially, the insurance declaration page is like a quick guide to the
insurance policy, providing all of the basic information the policyholder
needs to know.
,What happens if the insurer discovers that the insured's age was
accidentally misstated on an application for an individual life insurance
policy? - 🧠 ANSWER ✔✔Benefits will be calculated according to how much
coverage the premium paid would have purchased for the correct age
Benefits will be calculated according to how much coverage the premium
paid would have purchased for the correct age.
Health insurance will typically cover which of the following perils? - 🧠
ANSWER ✔✔Injury due to accident
Accidental injury is typically a covered peril in health insurance.
A viatical settlement contract is an agreement between - 🧠 ANSWER ✔✔A
life insurance policyowner and a viatical settlement provider
A viatical settlement contract is an agreement between a life insurance
policyowner and a viatical settlement provider.
Under the Affordable Care Act, how would a grandfathered health plan lose
its grandfathered status? - 🧠 ANSWER ✔✔The insurer significantly raises
co-insurance charges, deductibles, or co-payment charges
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, According to the Affordable Care Act, grandfathered health plans may lose
their grandfathered status if the insurer significantly raises co-insurance
charges, deductibles, or co-payment charges
Which of these techniques will remove the risk of losing money in the stock
market by never purchasing stocks? - 🧠 ANSWER ✔✔Risk avoidance
Risk avoidance could eliminate the risk of losing money in the stock market
by never investing in stocks.
Which of the following nursing home options would BEST suit an individual
who needs some nursing care and supervision but NOT full-time care? - 🧠
ANSWER ✔✔Assisted living facilities
An assisted living facility would best suit an individual who needs some
nursing care and supervision but not full-time care.
Under Louisiana law, the agreement between an insurance producer and
insurer under which the insurance producer, for compensation, may sell,
solicit, or negotiate policies issued by the insurer is defined as - 🧠 ANSWER
✔✔an appointment
Insurance- Weighted Exam- 150
Questions 2025/2026 Exam All Answers
and Illustrations Given
The Do Not Call Registry offers exemptions for calls placed from all of the
following EXCEPT - 🧠 ANSWER ✔✔insurance sales calls
Charities, political organizations, and surveys are all offered exemptions
from The Do Not Call Registry
The type of policy where the insurer can send a notice to the insured that
the policy has been cancelled in the middle of the term is called - 🧠
ANSWER ✔✔cancelable
The renewability provision in a cancelable policy allows the insurer to
cancel or terminate the policy at any time, simply by providing written
,notification to the insured and refunding any advance premium that has
been paid.
Barbara's policy includes a rider which allows her to purchase additional
insurance at specific dates or events without evidence of insurability. This
rider is called a(n) - 🧠 ANSWER ✔✔Guaranteed insurability rider
A guaranteed insurability rider allows for the insured to purchase additional
insurance at specific dates or events without evidence of insurability.
Disability Income plans which require that the insurer can NEVER change
or alter premium rates are usually considered - 🧠 ANSWER
✔✔Noncancellable
A noncancellable policy cannot be cancelled nor can its premium rates be
increased under any circumstances.
In what part of an insurance policy are policy benefits found? - 🧠 ANSWER
✔✔Declarations
Essentially, the insurance declaration page is like a quick guide to the
insurance policy, providing all of the basic information the policyholder
needs to know.
,What happens if the insurer discovers that the insured's age was
accidentally misstated on an application for an individual life insurance
policy? - 🧠 ANSWER ✔✔Benefits will be calculated according to how much
coverage the premium paid would have purchased for the correct age
Benefits will be calculated according to how much coverage the premium
paid would have purchased for the correct age.
Health insurance will typically cover which of the following perils? - 🧠
ANSWER ✔✔Injury due to accident
Accidental injury is typically a covered peril in health insurance.
A viatical settlement contract is an agreement between - 🧠 ANSWER ✔✔A
life insurance policyowner and a viatical settlement provider
A viatical settlement contract is an agreement between a life insurance
policyowner and a viatical settlement provider.
Under the Affordable Care Act, how would a grandfathered health plan lose
its grandfathered status? - 🧠 ANSWER ✔✔The insurer significantly raises
co-insurance charges, deductibles, or co-payment charges
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, According to the Affordable Care Act, grandfathered health plans may lose
their grandfathered status if the insurer significantly raises co-insurance
charges, deductibles, or co-payment charges
Which of these techniques will remove the risk of losing money in the stock
market by never purchasing stocks? - 🧠 ANSWER ✔✔Risk avoidance
Risk avoidance could eliminate the risk of losing money in the stock market
by never investing in stocks.
Which of the following nursing home options would BEST suit an individual
who needs some nursing care and supervision but NOT full-time care? - 🧠
ANSWER ✔✔Assisted living facilities
An assisted living facility would best suit an individual who needs some
nursing care and supervision but not full-time care.
Under Louisiana law, the agreement between an insurance producer and
insurer under which the insurance producer, for compensation, may sell,
solicit, or negotiate policies issued by the insurer is defined as - 🧠 ANSWER
✔✔an appointment
