Xcel pre final exam - Study guides, Class notes & Summaries

Xcel Final Exam Comprehensive of Life and Health Insurance Questions with Complete Solutions 2023/2024 Typically, Long-Term Disability benefits are coordinated with which benefit plan? (Correct Answer) Social Security The focus of major medical insurance is providing coverage for (Correct Answer) 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 insur...

Sole proprietors are permitted tax deductions for health costs paid from their earnings in the amount of A. costs that exceed 7 1/2 % of AGI B. costs that exceed 10% of AGI C. 100% of costs D. no deduction permitted - ANSWERS100% of costs The purpose of the Coordination of Benefits provision in group accident and health plans is to A. avoid overpayment of claims B. reduce out-of-pocket costs C. reduce adverse selection D. lower the cost of premiums - ANSWERSavoid overpayment of claims...

Final Exam XCEL VA Study Guide with Complete Solutions The free-look period for a new Medicare Supplement policy is - Answer️️ -30 days Al surrenders his life insurance policy for its cash value. The total of the premiums paid into the policy minus total dividends received in cash or used to offset premiums is referred to as the - Answer️️ -cost basis All of these are duties that a producer may be required to perform when delivering an insurance policy EXCEPT - Answer️️ -leav...

Xcel Final Exam 2024 Typically, Long-Term Disability benefits are coordinated with which benefit plan? - Answer ️️ -Social Security The focus of major medical insurance is providing coverage for - Answer ️️ -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? - Answer ️️ -$200 because this policy has a zero deductib...

Xcel Final Exam Questions and Answers 100% Passed 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 because this policy has a zero deductible, the insures is only res...

XCEL _CALIFORNIA PRE-LICENSING EDUCATION - LIFE, ACCIDENT AND HEALTH INSURANCE FINAL EXAM QUESTIONS & CORRECT ANSWERS 100% VERIFIED Which of the following is NOT a required provision in an accident and health insurance policy? - ANSWER change of occupation What type of changes can be made to a guaranteed renewable health insurance policy? - ANSWER The premium rates of the policyowner Under a health insurance policy, the provision that states the kind of benefits provided and the ...

Xcel Final Exam questions with complete solutions 2023Typically, 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 because this policy has a zero deductible, th...

Xcel Final Exam comprehensive of life and health insurance all possible questions and answers with complete solution 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 respo...

XCEL Kentucky Life and Health Final Exam Questions With Correct Answers S filed a written Proof of Loss for a Disability Income claim on September 1. The insurance company did not respond to the claim. S can take legal action against the insurer beginning: - answerNovember 1 What is the excise tax rate the IRS imposes on individuals aged 70 1/2 or older who do not take the required minimum distributions from their qualified retirement plan? - answer50% The provision in a Group Health poli...

1 NJ HEALTH INSURANCE EXAM (XCEL SOLUTIONS) EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Why are dividends from a mutual insurer not subject to taxation? Correct Answer: because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance company. This situation is called Correct Answer: reinsurance A nonparticipating company is sometimes called a(n) Correct Answer: stock insurer What is considered to...