Xcel Life Insurance Exam Questions And Answers 100% Guaranteed Success.
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Xcel Life Insurance
Institution
Xcel Life Insurance
Xcel Life Insurance Exam Questions And Answers 100% Guaranteed Success.
Replacement regulation is designed to protect - correct answer. Policyowners from mirepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide - correct answer. Pr...
Xcel Life Insurance Exam Questions And
Answers 100% Guaranteed Success.
Replacement regulation is designed to protect - correct answer. Policyowners from
mirepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide - correct answer.
Preventative health services
Which of these will have the highest monthly payout upon annuitization - correct
answer. Straight life
Which of the following is included in the entire contract according ti the entire contract
provison? - correct answer. Clauses
Which of the following is considered to be an alternative to a life settlement? - correct
answer. Accelered death benefit rider
With a scheduled dental policy, how are covered expense paid? - correct answer.
Benefits are limited to a specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans EXCEPT - correct
answer. Preferred provider Organization plan
Which approach predicts a person's earning potential and determines how much of that
amount would be devoted to dependents? - correct answer. Human life value
approach
Which of the following policies does NOT build cash value? - correct answer. Term
Which of these is a method of determining the level of funds required for ongoing
support in the event of the breadwinner's death? - correct answer. Human life value
The free look period provided in a life insurance policy is usually - correct answer. 10
days
What does "SHOP" stand in SHOP Exchange? - correct answer. Small Business
Health Options Program
, An employer is issued a group medical insurance policy. This single contract is known
as a(n) - correct answer. master policy
Which of the following is NOT covered under Workers' Compensation? - correct answer.
Pain and suffering
Which of the following provides Medicare supplement policies? - correct answer.
Private insurance companies
A life settlement intermediary is a(n) - correct answer. association which maintains a
facility that displays offers and counteroffers for purchasers or sellers of life settlement
contracts
An annuitant dies during the distribution period. What kind of annunity will return to a
beneficiary the difference between the annunity value and the income payment already
made? - correct answer. Refund annuity
The is responsible for determining the appropriateness of a Medicare Supplement policy
for an applicant. - correct answer. Agent
The purpose of the Coordination of Benefits provision in group accident and health
plans is to - correct answer. avoid overpayment of claims
Medicaid is intended for - correct answer. poverty stricken people
A provision that allows a policyowner to temporarily give up ownership rights to secure a
loan is called a(n) - correct answer. collateral assignment
A disability policy where the premiums are due monthly require a grace period of -
correct answer. 10 days
Tom the agent replaced a client's insurance policy when it was not in the client's best
interest. Tom could be found guilty of - correct answer. twisting
Which type of annuity stops all payments upon the death of the annuitant? - correct
answer. Life annuity
Decreasing term life insurance is often used to - correct answer. provide coverage for
a home mortgage
What does a life insurance policy guarantee to the stated beneficiary upon the death of
the insured? - correct answer. Specified amount of money
Major medical insurance will typically cover medical expenses that result from - correct
answer. a negative reaction to prescribed medication
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