Xcel solutions final exam prep
, A partial surrender is allowed in which of the following life policies? - ANSWERUniversal
life
All of the following riders can increase the death benefit amount EXCEPT - ANSWERWaiver
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 - ANSWERConditionally 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 - ANSWERIndicates a
preexisting condition
How do interest earnings accumulated in a deferred annuity - ANSWEROn a tax- deferred
basis
Which of the following statements is NOT true regarding a Critical Illness Plan -
ANSWERCoverage 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
, A partial surrender is allowed in which of the following life policies? - ANSWERUniversal
life
All of the following riders can increase the death benefit amount EXCEPT - ANSWERWaiver
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 - ANSWERConditionally 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 - ANSWERIndicates a
preexisting condition
How do interest earnings accumulated in a deferred annuity - ANSWEROn a tax- deferred
basis
Which of the following statements is NOT true regarding a Critical Illness Plan -
ANSWERCoverage 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
