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Xcel Testing Solutions- Life and Health InsuranceWeighted Exam- 150 Questions and Answers with
complete solution
Xcel Testing Solutions- Life and Health InsuranceWeighted Exam- 150 Questions and Answers with
complete solution
The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT
Answers>>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 Answers>>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)
Answers>>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 Answers>>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? Answers>>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? Answers>>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? Answers>>Injury due to
accident
Accidental injury is typically a covered peril in health insurance.
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