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XCEL solutions Test Questions and Answers 2024 $13.49   Add to cart

Exam (elaborations)

XCEL solutions Test Questions and Answers 2024

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Exam of 10 pages for the course Xcel solution at Xcel solution (XCEL solutions Test)

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  • November 5, 2024
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XCEL solutions Test

A partial surrender is allowed in which of the following life policies? - answer Universal
life

All of the following riders can increase the death benefit amount EXCEPT - answer
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 - answer Conditionally Renewable

A proposed insured for a health insurance policy was treated for heart disease within
the past year. When applying for health insurance, the heart disease treatment - answer
Indicates a preexisting condition

How do interest earnings accumulated in a deferred annuity - answer On a tax-deferred
basis

Which of the following statements is NOT true regarding a Critical Illness Plan - answer
Coverage is limited to a single devastating disease

Which of these is a TRUE statement regarding HIC's - answerHIC's operate on a
prepayment basis

James is insured on a life insurance policy where his age was misstated on the
application. Which of the following is CORRECT regarding the death benefit amount? -
answerThe death benefit paid will be what the premium would have purchased at the
correct age

How son can the benefit payments begin with a deferred annuity? - answerA minimum
of 12 months after date of purchase

An individual covered under a Blue Cross Blue Shield plan is called a(n) -
answerParticipant

The policyholder for a group health benefit plan is considered to be the -
answerEmployer

Intentional withholding of material facts would affect an insurance policies validity is
called a(n) - answerConcealment

An example of a health insuring corporation (HIC) specialty care provider is a(n) -
answerNeurologist

, Which of the following is NOT typically included under "hospital care" for most health
insuring corporation (HIC) plans? - answerPrivate duty nursing

An insurance producer is often responsible for field underwriting during the application
process. All fo these are possible field underwriting roles EXCEPT - answerProviding
commission information to the applicant

All of these are considered sources of information that can assist an underwriter in
determining whether or not to accept a risk EXCEPT - answerNational Association of
Insurance Underwriters

What is the contract called that is issued to an employer for a Group Medical Insurance
plan? - answerMaster policy

An example of a presumptive disability would be - answerdeafness

Which approach predicts a persons earning potential and determines how much of that
amount would be devoted to dependents? - answerHuman life value approach

If the beneficiary dies from the same accident as the insured individual, the insurer will
proceed as if - answerthe insured outlived the beneficiary

An insurer can exclude coverage for a preexisting condition on a Medicare Supplement
policy for up to - answer6 months

Who provides all preventative and routine medical care given to a health insuring
corporation
(HIC) member? - answerPrimary Care Physician

Which of these is NOT a qualifying event for a Medicare? - answerFalling below the
federal poverty level

A plan in which an employer pays insurance benefits from a fund derived from the
employers current revenues is called - answerA self - funded plan

All of the following riders can increase the death benefit amount EXCEPT -
answerWaiver of Premium

A beneficiary change can occur: - answerNormally at any time during the policy term

Maria is a PPO (preferred provider organization subscriber and received care from an
out of networks provider. Which of the following is the likely result? - answerCare is
covered

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