Xcel final exam graded a - Study guides, Class notes & Summaries

Xcel Final Exam Comprehensive of Life and Health Insurance all Possible Questions and Answers With complete Solution Graded A+. Typically, Long-Term Disability benefits are coordinated with which benefit plan? Ans Social Security The focus of major medical insurance is providing coverage for Ans medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured...

XCEL FINAL EXAM 2024 QUESTIONS AND VERIFIED CORRECT ANSWERS LATEST UPDATE 100% RATED FOR PASS GRADED A+ Typically, Long-Term Disability benefits are coordinated with which benefit plan? Social Security The focus of major medical insurance is providing coverage for medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? $200 beca...

An insured has a stop-loss limit of $5,000 and an 80/20 coinsurance. The insured incurs $25,000 of covered losses. How much will the insured pay? Ans $5,000 Which type of plan would be the most appropriate for an individual on Medicare and concerned that Medicare will NOT pay for charges exceeding the approved amount? Ans Medicare supplement Plan F When can a group health policy renewal be denied according to the Health Insurance Portability and Accountability Act (HIPAA)? Ans when contrib...

XCEL Final Exam Questions and Answers (Graded A+)

Xcel Solutions Final Exam; California Life, Accident and Health Insurance Latest Score A+. What is the insurance term the State of California uses for an insurer that is eligible to transact business in this state? Ans Admitted Most U.S. life insurance companies belong to the Ans Medical Information Bureau Which of the following healthcare providers provide both the healthcare services and healthcare coverage? Ans Health Maintenance Organization (HMO) Which of the following is NOT covered ...

XCEL SOLUTIONS - FINAL EXAM LATEST QUESTIONS AND VERIFIED ANSWERS GRADED A+ UPDATED K has a life insurance policy where her husband is beneficiary and her daughter is contingent beneficiary. Under the Common Disaster clause, if K and her husband are both killed in an automobile accident, where would the death proceeds be directed? Daughter When is a Group Health policy required to provide coverage for a newborn child? At the moment of birth What is the required renewability status of all ...

Xcel Final Exam Questions and Answers Graded A+

XCEL Final Exam | 101 Questions And Answers Already Graded A+ Irrevocable beneficiary - answer-What kind of life insurance beneficiary requires his/her consent when a change of beneficiary is made? Anytime - answer-When can a policy-owner change a revocable beneficiary? Daughter - answer-K has a life insurance policy where her husband is beneficiary and her daughter is contingent beneficiary. Under the Common Disaster clause, if K and her husband are both killed in an automobile acciden...

Final xcel solutions EXAM LATEST QUESTIONS AND ANSWERS WELL VERIFIED GRADED A+ Which of the following is NOT an allowable exclusion for long-term care insurance policies? Self-inflicted injuries Acute care Custodial care outside the U.S. Care for incurable conditions - ANSWERCustodial care outside the U.S. If an insured dies during the grace period without having paid the premium , how much will the insurer pay ? Policy's face amount Total premiums pa...