XCEL Final Exam Practice All Answers Graded A+
A negative reaction to prescribed medication
️ Major medical insurance will typically cover medical expenses that result from.
Making the policy effective on an earlier date than the present
️ What is involved when a life insurance poli...
✔️ Major medical insurance will typically cover medical expenses that result from.
Making the policy effective on an earlier date than the present
✔️ What is involved when a life insurance policy has been backdated?
Pay age corrected benefits
✔️ What is an insurer required to do when faced with an error made under the Misstatement of Age
provision?
Limited policies
✔️ Low frequency diseases can be exclusively covered by what kind of health insurance policies?
Ongoing inspection of accident-prone individuals
✔️ Which of the following is NOT an example of utilization review?
Irrevocable
✔️ Sharon is the policyowner of a $50,000 life insurance policy. Her son Mike is the beneficiary. If
Sharon MUST obtain Mike's signature in order to change the beneficiary, what kind of beneficiary
designation is this?
Help pay off existing loans during periods of disability
✔️ Credit Accident and Health plans are designed to.
Root canal
✔️ An example of endodontic treatment is a.
, After the first premium has been paid
✔️ When does an immediate annuity begin making payments?
Care is covered
✔️ Maria is a PPO subscriber and received care from an out-of-network provider. Which of the
following is the likely result?
Annuity certain
✔️ Maria would like an annuity that provides a guaranteed accumulation or payout. The type of
annuity she is seeking is called.
Changes made by the producer
✔️ All of the following are included as part of a contract in the entire contract provisions except the.
Life Annuity Certain
✔️ Which type of annuity guarantees a stated number of income payments, whether or not the
annuitant is still alive to receive them?
Extended term
✔️ All of these are settlement options for life insurance policies except.
Providing claim payments to insureds under the guidelines of the insurance contract
✔️ Which of these is NOT an unfair claims settlement practice?
$2,500
✔️ According to the Affordable Care Act, what is the maximum amount an individual can contribute to
a Flexible Savings Account?
The family's financial objectives if the income earner dies or becomes disabled
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