Xcel Life Insurance Exam Actual Test Questions and Answers with complete solution
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Xcel Life Insurance
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Xcel Life Insurance
Xcel Life Insurance Exam Actual Test Questions and Answers with complete solution
Replacement regulation is designed to protect Answers>> Policyowners from mirepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide Answers>> Preven...
Xcel Life Insurance Exam Actual Test Questions and Answers with complete solution Replacement regulation is designed to protect Answers>> Policyowners from mirepresentation and loss of benefits All Health Benefit Plans issued after January 1, 2014 must provide Answers>> Preventative health services Which of these will have the highest monthly payout upon annuitization Answers>> Straight life Which of the following is included in the entire contract according ti the entire contract provison? Answers>> Clauses Which of the following is considered to be an alternative to a life settlement? Answers>> Accelered death benefit rider With a scheduled dental policy, how are covered expense paid? Answers>> Benefits are limited to a specific maximum dollar amount per procedure Coordination of benefit s regulation applies to all of the following plans EXCEPT Answers>> Preferred provider Organization plan Which approach predicts a person's earning potential and determines how much of that amount would be devoted to dependents? Answers>> Human life v alue approach Which of the following policies does NOT build cash value? Answers>> 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? Answers>> Human life value The free look period provided in a life insurance policy is usually Answers>> 10 days What does "SHOP" stand in SHOP Exchange? Answers>> Small Business Health Options Program An employer is issued a group medical insurance policy. This single contract i s known as a(n) Answers>> master policy Which of the following is NOT covered under Workers' Compensation? Answers>> Pain and suffering Which of the following provides Medicare supplement policies? Answers>> Private insurance companies A life settlement intermediary is a(n) Answers>> 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? Answers>> Refund annuity The is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant. Answers>> Ag ent The purpose of the Coordination of Benefits provision in group accident and health plans is to Answers>> avoid overpayment of claims Medicaid is intended for Answers>> poverty stricken people A provision that allows a policyowner to temporarily give up ownership rights to secure a loan is called a(n) Answers>> collateral assignment A disability policy where the premiums are due monthly require a grace period of Answers>> 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 Answers>> twisting Which type of annuity stops all payments upon the death of the annuitant? Answers>> Life annuity Decreasing term life insurance is often used to Answers>> provide c overage for a home mortgage What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? Answers>> Specified amount of money Major medical insurance will typically cover medical expenses that result from Answer s>> a negative reaction to prescribed medication The typical long -term care insurance policy is designed to provide a minimum of__________ year(s) of coverage Answers>> 1 The double indemnity provision in a life insurance policy pertains to an insured' s death caused by a(n) Answers>> accident Life insurance policies will normally pay for losses arising from Answers>> commercial aviation
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