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Xcel Final Exam Questions and Answers 100% Pass 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 i...

Xcel Solutions IN Life Insurance Final Exam Questions and Answers 100% Pass P is a producer who is licensed in Indiana , but a resident of Michigan . In Indiana , P is considered to be a ( n ) __________ producer . - nonresident . Why would the Insurance Commissioner issue a temporary license ? - To allow the personal representative of a deceased producer to provide service to existing policyowners Which provision is NOT a requirement in a group life policy ? - Accidental A ( n ) ______...

XCEL Solutions Life Insurance Final Exam Questions and Answers 100% Pass When is the face amount of a Whole Life policy paid? - When the insured dies or at the policy's maturity date, whichever happens first An IRA owner can start making withdrawals and NOT be subjected to a tax penalty beginning at what age? - 59 1/2 In an insurance contract, the insurer is the only party who makes a legally enforceable promise. What kind of contract is this? - Unilateral Colorado's replacement r...

XCEL Solutions: Virginia 150 Questions Weighted Real Time Exam Questions and Answers 100% Pass An accident and Health insurance applicant who fails to includes material medical information on an application would be reason for the insurer to - deny any future claims and to refund the premium S has a Whole Life Policy with a premium payment due soon. Which provision would keep the policy in force if S does not make the required payment and the policy has adequate cash value from which the...

XCEL solutions Exam Questions and Answers 100% Pass A partial surrender is allowed in which of the following life policies? - Universal life All of the following riders can increase the death benefit amount EXCEPT - Waiver of Premium A health insurance policy where the insurer has the right to terminate the policy fr reasons other than the insureds health is called - Conditionally Renewable A proposed insured for a health insurance policy was treated for heart disease within the past ye...

XCEL Solutions Exam Questions and Answers 100% Pass John's health plan benefits of 90% for in-network providers and 70% for out-of-netword providers. What kind of plan is this. - PPO - Preferred Provider Organization MRMIP is a - State program that offers health coverage to California residents who are not able to obtain coverage due to pre- existing conditions. When intentional concealment is involved, what course of action is the injured party entitled to? - Rescission of the Contrac...

Xcel Life Insurance Exam Questions and Answers 100% Pass Replacement regulation is designed to protect - Policyowners from mirepresentation and loss of benefits All Health Benefit Plans issued after January 1, 2014 must provide - Preventative health services Which of these will have the highest monthly payout upon annuitization - Straight life Which of the following is included in the entire contract according ti the entire contract provison? - Clauses Which of the following is conside...

XCEL SOLUTIONS - FINAL EXAM Questions and Answers 100% Pass 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 Medicare supplement...

Xcel Solutions Legal concepts Exam Questions and Answers 100% Pass The power given to an individual producer that is not specifically addressed in his/her contract is considered what type of authority? A. Implied B. Apparent C. Express D. Discreet - A. Implied All of the following are elements of an insurance policy EXCEPT A. Claim forms B. Conditions C. Other insurance D. Definitions - A. Claim forms EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 2 Which of the following is present w...

Chapter four exam 1 type of insurance policies xcel Exam Questions and Answers 100% Pass P is looking to purchase a life insurance policy that will pay a stated monthly income to his beneficiaries for 20 years after he dies and a lump sum of $20,000 at the end of that 20 year period. What type of policy should P purchase? - Family Maintenance Policy Life insurance that covers an insureds Whole life with level premiums paid over a limited time is called - Limited pay whole life Which is t...