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Xcel Life Insurance Exam Practice Questions and Answers (100% Pass)
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Xcel Life Insurance Exam Practice Questions and Answers (100% Pass)
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©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AMXcel Life Insurance Exam Practice
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 considered to be an alternative to a life settlement? -
✔️✔️Accelered death benefit rider
With a scheduled dental policy, how are covered expense paid? - ✔️✔️Benefits are
limited to a specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans EXCEPT -
✔️✔️Preferred provider Organization plan
1
,©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
Which approach predicts a person's earning potential and determines how much of that
amount would be devoted to dependents? - ✔️✔️Human life value approach
Which of the following policies does NOT build cash value? - ✔️✔️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? - ✔️✔️Human life value
The free look period provided in a life insurance policy is usually - ✔️✔️10 days
What does "SHOP" stand in SHOP Exchange? - ✔️✔️Small Business Health Options
Program
An employer is issued a group medical insurance policy. This single contract is known
as a(n) - ✔️✔️master policy
Which of the following is NOT covered under Workers' Compensation? - ✔️✔️Pain and
suffering
Which of the following provides Medicare supplement policies? - ✔️✔️Private insurance
companies
A life settlement intermediary is a(n) - ✔️✔️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? - ✔️✔️Refund annuity
2
, ©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
The is responsible for determining the appropriateness of a Medicare Supplement policy
for an applicant. - ✔️✔️Agent
The purpose of the Coordination of Benefits provision in group accident and health
plans is to - ✔️✔️avoid overpayment of claims
Medicaid is intended for - ✔️✔️poverty stricken people
A provision that allows a policyowner to temporarily give up ownership rights to secure a
loan is called a(n) - ✔️✔️collateral assignment
A disability policy where the premiums are due monthly require a grace period of -
✔️✔️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 - ✔️✔️twisting
Which type of annuity stops all payments upon the death of the annuitant? - ✔️✔️Life
annuity
Decreasing term life insurance is often used to - ✔️✔️provide coverage for a home
mortgage
What does a life insurance policy guarantee to the stated beneficiary upon the death of
the insured? - ✔️✔️Specified amount of money
Major medical insurance will typically cover medical expenses that result from - ✔️✔️a
negative reaction to prescribed medication
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