XCel 2-15 florida life & health state exam simulator graded A+
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XCel 2-15 florida life & health state exm simulat
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XCel 2-15 Florida Life & Health State Exm Simulat
XCel 2-15 florida life & health state exam simulator graded A+
What is considered a characteristic of an immediate annuity?
️ Benefit payments start within one payment period of purchase.
Which of these characteristics is consistent with a straight life policy?
️ Premiums are payabl...
XCel 2-15 florida life & health state exam simulator graded A+
What is considered a characteristic of an immediate annuity?
✔️ Benefit payments start within one payment period of purchase.
Which of these characteristics is consistent with a straight life policy?
✔️ Premiums are payable for as long as there is insurance coverage in force.
An insured's inability to perform two or more activities of daily living may trigger which type of life policy
rider?
✔️ Long term care.
B recently passed away and had a life insurance policy for over five years. During the claims process, the
insurer found that B had misstated his age by 5 years at the time of application. What will the insurer do
in this case?
✔️ Pay the amount that the premium would have purchased at the correct age.
What can a policyowner do if a bank loan application requires collateral?
✔️ Assign policy ownership to the bank.
What is required under the Florida Employee Health Care Access Act?
✔️ Small group benefit plans are to be issued on a guarantee issue basis.
P, a 40-year-old woman, wants to purchase an annuity that provides a lifetime income starting at age
60. Which of the following did she NOT buy?
✔️ An immediate annuity.
The situation where a group of physicians are salaried employees and operate in an HMO facility is
referred to as what?
✔️ Closed panel.
,T sends proof of loss to her insurer for a medical expense claim under her individual health insurance.
Upon receipt, by when must the insurer pay the benefits?
✔️ Immediately.
An application for Medicare supplement coverage cannot be denied if submitted within how many
months after the applicant reaches age 65?
✔️ Six months.
When a policyowner cash surrenders a universal life insurance policy early, this may be a red flag for
which violation?
✔️ Anti-money laundering violation.
When is a Group Health policy required to provide coverage for a newborn child?
✔️ At the moment of birth.
Which situation does NOT apply to the Florida replacement rule?
✔️ An existing policyholder purchases an additional policy from the same insurer.
Under a renewable term policy, what determines the renewal premium?
✔️ The renewal premium is calculated based on the insured's attained age.
D owns a Whole Life policy purchased 10 years ago. If the premium payments stop suddenly and D takes
no further action, which Nonforfeiture Option will the insurer likely choose?
✔️ Extended term.
In Florida, which employee is eligible for an employer's group term life plan?
✔️ Employee who works more than 40 hours per week.
Which statement is correct regarding an employer/employee group health plan?
, ✔️ The employer receives a master policy, and the employees receive certificates.
Which of the following statements about tax sheltered annuities (TSA) is NOT true?
✔️ Income derived from the TSA is received income tax-free.
How would a contingent beneficiary receive the policy proceeds in an Accidental Death and
Dismemberment (AD&D) policy?
✔️ If the primary beneficiary dies before the insured.
A student pilot can pay regular premium costs for her life insurance policy with the addition of which
exclusion?
✔️ Aviation exclusion.
Which of these statements is INCORRECT regarding a preferred provider organization (PPO)?
✔️ PPOs are not a type of managed care system.
What is Florida's definition of life insurance replacement?
✔️ A transaction where a new policy is bought and an old policy is terminated.
A sole proprietor may only use this plan if the employees of that business are included:
✔️ Keogh pension plan.
If a primary beneficiary has died before the insured in a life insurance policy and there is a contingent
beneficiary named, what will happen when the insured dies?
✔️ Proceeds will go to the contingent beneficiary.
Upon delivery of a rated life insurance policy, the Producer must obtain each of the following EXCEPT
signed hipaa disclosure
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