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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