1 XCel 2-15 florida life & health state exam simulator / Exam Questions & Expertly Verified Answers, 2025 / 2026.
Quiz____?what is considered to be a characteristic of an immediate annuity - Answer✓✓ benefit payments start within one payment period of purchase
Quiz____?which of these characteristics is consistent with a straight life policy - Answer✓✓ premiums are payable for as long as there is insurance coverage in force
Quiz____?an insureds inability to perform two or more activities of daily living may trigger which type of life policy rider - Answer✓✓ long term care
Quiz____?B recently died and was insured with a life insurance policy for over five years.During the claims process, the insurer discovered that B had understated his age by 5 years at the time of application. In this situation, the insurer will - Answer✓✓ 1 / 4
2 pay the amount that the premium would have purchased at the correct age
Quiz____?what action can a policyowner take if an application for a bank loan requires collateral - Answer✓✓ assign policy ownership to the bank
Quiz____?what is required in the Florida Employee Health Care Access Act - Answer✓✓ small group benefit plans are to be issued on a guarantee issue basis
Quiz____?P is a forty year old woman and would like to purchase an annuity that will provide a lifetime income stream beginning at age sixty. Which of the following did she NOT buy? - Answer✓✓ an immediate annuity
Quiz____?the situation in which a group of physicians are salaried employees and conduct business in an hmo facility is called - Answer✓✓ closed panel
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Quiz____?T sends proof of loss to her insurer for an acceptable medical expense claim under her individual Health Insurance policy. Upon receipt, the insurer must pay the benefits - Answer✓✓ immediately
Quiz____?an application for medicare supplement coverage may not be denied by the insurer if the application was submitted within ______ month(s) after the applicant reaches the age 65 - Answer✓✓ six
Quiz____?when a policyowner cash surrenders a universal life insurance policy in its early years, this may be considered a red flag for a(n) - Answer✓✓ anti money laundering violation
Quiz____?When is a Group Health policy required to provide coverage for a newborn child? - Answer✓✓ at the moment of birth
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Quiz____?which of the following situations does not apply to the florida replacement rule - Answer✓✓ an existing policyholder purchases an additional policy from the same insurer
Quiz____?under a renewable term policy - Answer✓✓ the renewal premium is calculated on the basis of the insured's attained age
Quiz____?D owns a Whole Life policy that was purchased 10 years ago. If the premium payments suddenly stop and D takes no additional action, which Nonforfeiture Option will the insurer likely proceed with? - Answer✓✓ extended term
Quiz____?In Florida, which employee is eligible for an employer's group term life plan? - Answer✓✓ employee who works more than 40 hours per week
Quiz____?
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