Xcel solutions exa1
,A partial surrender is allowed in which of the following life policies?
Correct Answer: Universal life
All of the following riders can increase the death benefit amount EXCEPT
Correct 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
Correct 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
Correct Answer: Indicates a preexisting condition
How do interest earnings accumulated in a deferred annuity
Correct Answer: On a tax-deferred basis
,1
, Which of the following statements is NOT true regarding a Critical Illness Plan
Correct Answer: Coverage is limited to a single devastating disease
Which of these is a TRUE statement regarding HIC's
Correct Answer: HIC'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?
Correct Answer: The 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?
Correct Answer: A minimum of 12 months after date of purchase
An individual covered under a Blue Cross Blue Shield plan is called a(n)
Correct Answer: Participant
The policyholder for a group health benefit plan is considered to be the
Correct Answer: Employer
Intentional withholding of material facts would affect an insurance policies validity is called a(n)
,A partial surrender is allowed in which of the following life policies?
Correct Answer: Universal life
All of the following riders can increase the death benefit amount EXCEPT
Correct 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
Correct 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
Correct Answer: Indicates a preexisting condition
How do interest earnings accumulated in a deferred annuity
Correct Answer: On a tax-deferred basis
,1
, Which of the following statements is NOT true regarding a Critical Illness Plan
Correct Answer: Coverage is limited to a single devastating disease
Which of these is a TRUE statement regarding HIC's
Correct Answer: HIC'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?
Correct Answer: The 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?
Correct Answer: A minimum of 12 months after date of purchase
An individual covered under a Blue Cross Blue Shield plan is called a(n)
Correct Answer: Participant
The policyholder for a group health benefit plan is considered to be the
Correct Answer: Employer
Intentional withholding of material facts would affect an insurance policies validity is called a(n)
