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Xcel Life Insurance Exam 150 Questions with Verified Answers,100% CORRECT
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Xcel Life Insurance Exam 150 Questions with Verified Answers
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Xcel Life Insurance Exam 150 Questions with VerifiedAnswers
Replacement regulation is designed to protect - CORRECT ANSWER Policyowners
from mirepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide - CORRECT
ANSWER Preventative health services
Which of these will have the highest monthly payout upon annuitization -
CORRECT ANSWER Straight life
Which of the following is included in the entire contract according ti the entire
contract provison? - CORRECT ANSWER Clauses
Which of the following is considered to be an alternative to a life settlement? -
CORRECT ANSWER Accelered death benefit rider
With a scheduled dental policy, how are covered expense paid? - CORRECT
ANSWER Benefits are limited to a specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans EXCEPT -
CORRECT ANSWER Preferred provider Organization plan
Which approach predicts a person's earning potential and determines how much
of that amount would be devoted to dependents? - CORRECT ANSWER Human life
value approach
Which of the following policies does NOT build cash value? - CORRECT ANSWER
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? - CORRECT ANSWER Human life
value
, The free look period provided in a life insurance policy is usually - CORRECT
ANSWER 10 days
What does "SHOP" stand in SHOP Exchange? - CORRECT ANSWER Small Business
Health Options Program
An employer is issued a group medical insurance policy. This single contract is
known as a(n) - CORRECT ANSWER master policy
Which of the following is NOT covered under Workers' Compensation? - CORRECT
ANSWER Pain and suffering
Which of the following provides Medicare supplement policies? - CORRECT
ANSWER Private insurance companies
A life settlement intermediary is a(n) - CORRECT ANSWER 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? - CORRECT ANSWER Refund annuity
The is responsible for determining the appropriateness of a Medicare Supplement
policy for an applicant. - CORRECT ANSWER Agent
The purpose of the Coordination of Benefits provision in group accident and
health plans is to - CORRECT ANSWER avoid overpayment of claims
Medicaid is intended for - CORRECT ANSWER poverty stricken people
A provision that allows a policyowner to temporarily give up ownership rights to
secure a loan is called a(n) - CORRECT ANSWER collateral assignment
A disability policy where the premiums are due monthly require a grace period of
- CORRECT ANSWER 10 days
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