Xcel Life Insurance Exam with Verified Answers
Policyowners
from
mirepresenta-
tion and loss of
benefits
Preventative
health services
Straight life
Clauses
Accelered death
benefit rider
Benefits are lim-
ited to a specific
maximum dollar
amount per pro-
cedure
Preferred
provider
...
Xcel Life Insurance Exam with Verified Answers
1. Policyowners Replacement regulation is designed to protect
from
mirepresenta-
tion and loss of
benefits
2. Preventative All Health Benefit Plans issued after January 1, 2014
health services must provide
3. Straight life Which of these will have the highest monthly payout upon
annuitization
4. Clauses Which of the following is included in the entire contract
according ti the entire contract provison?
5. Accelered death Which of the following is considered to be an alternative
benefit rider to a life settlement?
6. Benefits are lim- With a scheduled dental policy, how are covered expense
ited to a specific paid?
maximum dollar
amount per pro-
cedure
7. Preferred Coordination of benefits regulation applies to all of the
provider following plans EXCEPT
Organization
plan
8. Human life value Which approach predicts a person's earning potential and
approach determines how much of that amount would be devoted
to dependents?
9. Term Which of the following policies does NOT build cash val-
ue?
10. Human life value Which of these is a method of determining the level of
funds required for ongoing support in the event of the
breadwinner's death?
, Xcel Life Insurance Exam with Verified Answers
11. 10 days The free look period provided in a life insurance policy is
usually
12. Small Business What does "SHOP" stand in SHOP Exchange?
Health Options
Program
13. master policy An employer is issued a group medical insurance policy.
This single contract is known as a(n)
14. Pain and suffer- Which of the following is NOT covered under Workers'
ing Compensation?
15. Private insur- Which of the following provides Medicare supplement
ance companies policies?
16. association A life settlement intermediary is a(n)
which maintains
a facility that
displays offers
and
counteroffers for
purchasers or
sellers of life
settlement
contracts
17. Refund annuity 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?
18. Agent The is responsible for determining the appropriateness of
a Medicare Supplement policy for an applicant.
19. avoid overpay- The purpose of the Coordination of Benefits provision in
ment of claims group accident and health plans is to
20. poverty stricken Medicaid is intended for
people
, 21. collateral assign- A provision that allows a policyowner to temporarily give
ment up ownership rights to secure a loan is called a(n)
22. 10 days A disability policy where the premiums are due monthly
require a grace period of
23. twisting 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
24. Life annuity Which type of annuity stops all payments upon the death
of the annuitant?
25. provide cover- Decreasing term life insurance is often used to
age for a home
mortgage
26. Specified What does a life insurance policy guarantee to the stated
amount of beneficiary upon the death of the insured?
money
27. a negative re- Major medical insurance will typically cover medical ex-
action to pre- penses that result from
scribed medica-
tion
28. 1 The typical long-term care insurance policy is designed to
provide a minimum of year(s) of coverage
29. accident The double indemnity provision in a life insurance policy
pertains to an insured's death caused by a(n)
30. commercial avia- Life insurance policies will normally pay for losses arising
tion from
31. Certificate of The coverage, conditions, and limitations in the master
coverage and policy of a group contract can be found in which docu-
benefits ment?
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