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XCEL NYS EXAM SIMULATOR LATEST 2025 / 2026
ACTUAL EXAM WITH COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+| || LATEST
EXAM!!!|| ||BRANDNEW!!!||
Jonas is a whole life insurance policyowner and would like to add coverage for his two children. Which of the following products would allow him to accomplish this? - Answer-Child Term Rider
Lisa has recently bought a fixed annuity. Which of these is considered to be a disadvantage of owning this type of annuity? - Answer-During periods of inflation, annuitants will experience a decrease in purchasing power of their payments.
In contrast to a guaranteed renewable policy, a noncancellable policy - Answer-may never raise premiums
What is implied authority defined as? - Answer-Authority that is not specifically given to an agent in the agency contract, but that an agent can reasonably assume to carry out his/her duties 1 / 3
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A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing - Answer-benefit limits
An indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called - Answer-coinsurance
The entire contract provision includes all of the following EXCEPT the - Answer-Changes made by the agent
Converting a group plan to permanent life insurance requires - Answer-the conversion being applied for within 31 days of termination
An agent who sells an individual life insurance policy in New York MUST deliver to the policyowner a(n) - Answer- Policy Summary and Buyer's Guide
Which type of plan would be most appropriate for an individual on Medicare and is concerned that Medicare will 2 / 3
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NOT pay or charges exceeding the approved amount? - Answer-Medicare Supplement Plan F
Which of the following is present when an applicant stands to lose value if the insured dies? - Answer-Insurable interest.
What is the primary factor that determines the benefits paid under a disability income policy? - Answer-Wages
Suitability is best described as: - Answer-obtaining
information from the applicant to determine whether an insurance or annuity product is appropriate
How does one become eligible for Part D: Prescription
Drug coverage? - Answer-Must have Medicare coverage
Fixed annuities provide each of the following EXCEPT - Answer-Hedge against inflation
Which of these riders will pay a death benefit if the insured's spouse dies? - Answer-Family term insurance rider
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