XCEL Final Exam Practice Questions and Answers (100% Pass)
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Course
Xcel
Institution
Xcel
XCEL Final Exam Practice Questions and
Answers (100% Pass)
a negative reaction to prescribed medication - Answer️️ -Major medical
insurance will typically cover medical expenses that result from
Making the policy effective on an earlier date than the present -
Answer️️ -What is involve...
XCEL Final Exam Practice Questions and
Answers (100% Pass)
a negative reaction to prescribed medication - Answer✔️✔️-Major medical
insurance will typically cover medical expenses that result from
Making the policy effective on an earlier date than the present -
Answer✔️✔️-What is involved when a life insurance policy has been
backdated
Pay age corrected benefits - Answer✔️✔️-What is an insurer required to do
when faced with an error made under the Misstatement of Age provision?
Limited policies - Answer✔️✔️-Low frequency diseases can be exclusively
covered by what kind of health insurance policies
ongoing inspection of accident prone individuals - Answer✔️✔️-Which of
the following is NOT an example of utilization review
irrevocable - Answer✔️✔️-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 - Answer✔️✔️-Credit
Accident and Health plans are designed to
root canal - Answer✔️✔️-An example of endodontic treatment is a
After the first premium has been paid - Answer✔️✔️-When does an
immediate annuity begin making payments
care is covered - Answer✔️✔️-Maria is a PPO subscriber and received care
from an out of network provider. Which of the following is the likely
result?
annuity certain - Answer✔️✔️-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 - Answer✔️✔️-All of the following are
included as part of a contract in the entire contract provisions except the
Life Annuity Certain - Answer✔️✔️-Which type of annuity guarantees a
stated number of income payments, whether or not the annuitant is still
alive to receive them?
extended term - Answer✔️✔️-All of these are settlement options for life
insurance policies except
Providing claim payments to insureds under the guidelines of the
insurance contract - Answer✔️✔️-Which of these is NOT an unfair claims
settlement practice
2500 - Answer✔️✔️-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 are to die or become
disabled - Answer✔️✔️-When calculating the amount of life insurance
needed for an income earner, what has to be determined when using the
Needs Approach?
Assisting living facilities - Answer✔️✔️-Which of the following nursing
home options would best suit an individual who needs some nursing care
and supervision but not full time care
A person's health claim information - Answer✔️✔️-HIPAA considers which
of the following as "individually identifiable health information"?
Business overheard expense policy - Answer✔️✔️-Which type of business
insurance is meant to cover the costs of continuing to do business while the
owner is disabled
employee's waiting period for coverage of a preexisting condition can be
reduced under the new employer's health plan - Answer✔️✔️-Under the
HIPAA, the employee's new Group Health Plan will verify Creditable
Coverage so that the
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