Xcel final exam 2023 - Study guides, Class notes & Summaries

Xcel Final Exam 2023 Typically, Long-Term Disability benefits are coordinated with which benefit plan? - answerSocial Security The focus of major medical insurance is providing coverage for - answermedical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? - answer$200 because this policy has a zero deductible, the insures is only res...

Xcel Solutions Final Exam(California Life, Accident, and Health Insurance Final exam questions and answers)2023

Typically, Long-Term Disability benefits are coordinated with which benefit plan? - correct answer -Social Security The focus of major medical insurance is providing coverage for - correct answer -medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? - correct answer -$200 because this policy has a zero deductible, the insures i...

Replacement - correct answerA transaction in which a new life insurance policy is purchased and an existing life insurance policy is surrenderred is called? tax-deductible to the employer - correct answerThe premiums paid by an employer for his employee's group life insurance are usually considered to be? active military duty - correct answerDisability income insurance normally excludes coverage for disabilities that arise from? a percentage of weekly earnings up to a stated maximum - ...

Under group health insurance, a certificate of coverage is issued to the - correct answer -employee Which of the following actions may an insurance company NOT do in a health policy that contains a guaranteed renewable premium benefit? - correct answer -Increase the premiums on an individual basis A payment system for health care in which the provider is paid for each service given is called - correct answer -fee-for-service The free look period provided in a life insurance policy is us...

Irrevocable beneficiary - correct answer -What kind of life insurance beneficiary requires his/her consent when a change of beneficiary is made? Anytime - correct answer -When can a policy-owner change a revocable beneficiary? Daughter - correct answer -K has a life insurance policy where her husband is beneficiary and her daughter is contingent beneficiary. Under the Common Disaster clause, if K and her husband are both killed in an automobile accident, where would the death proceeds be d...

XCEL FINAL STUDY LOUISIANA LHA INSURANCE EXAM QUESTIONS & ANSWERS 2023/2024 Under group health insurance, a certificate of coverage is issued to the - ANSWER-employee Which of the following actions may an insurance company NOT do in a health policy that contains a guaranteed renewable premium benefit? - ANSWER-Increase the premiums on an individual basis A payment system for health care in which the provider is paid for each service given is called - ANSWER-fee-for-service The free l...

Xcel Final Exam 2023

A+ GRADE 1. Typically, Long-Term Disability benefits are coordinated with which benefit plan?: answer- Social Security 2. The focus of major medical insurance is providing coverage for: answer- medical and hospitalization expenses 3. An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for?: answer- $200 because this policy has a zero deductible, the insures is only re...