Xcel Life Insurance Exam
Replacement regulation is designed to protect - Answer-Policyowners from mirepresentation and loss of
benefits
All Health Benefit Plans issued after January 1, 2014 must provide - Answer-Preventative health services
Which of these will have the highest monthly payout upon annuitization - Answer-Straight life
Which of the following is included in the entire contract according ti the entire contract provison? -
Answer-Clauses
Which of the following is considered to be an alternative to a life settlement? - Answer-Accelered death
benefit rider
With a scheduled dental policy, how are covered expense paid? - Answer-Benefits are limited to a
specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans EXCEPT - Answer-Preferred
provider Organization plan
Which approach predicts a person's earning potential and determines how much of that amount would
be devoted to dependents? - Answer-Human life value approach
Which of the following policies does NOT build cash value? - Answer-Term
, Which of these is a method of determining the level of funds required for ongoing support in the event
of the breadwinner's death? - Answer-Human life value
The free look period provided in a life insurance policy is usually - Answer-10 days
What does "SHOP" stand in SHOP Exchange? - Answer-Small Business Health Options Program
An employer is issued a group medical insurance policy. This single contract is known as a(n) - Answer-
master policy
Which of the following is NOT covered under Workers' Compensation? - Answer-Pain and suffering
Which of the following provides Medicare supplement policies? - Answer-Private insurance companies
A life settlement intermediary is a(n) - Answer-association which maintains a facility that displays offers
and counteroffers for purchasers or sellers of life settlement contracts
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? - Answer-Refund
annuity
The is responsible for determining the appropriateness of a Medicare Supplement policy for an
applicant. - Answer-Agent
The purpose of the Coordination of Benefits provision in group accident and health plans is to - Answer-
avoid overpayment of claims
Medicaid is intended for - Answer-poverty stricken people
Replacement regulation is designed to protect - Answer-Policyowners from mirepresentation and loss of
benefits
All Health Benefit Plans issued after January 1, 2014 must provide - Answer-Preventative health services
Which of these will have the highest monthly payout upon annuitization - Answer-Straight life
Which of the following is included in the entire contract according ti the entire contract provison? -
Answer-Clauses
Which of the following is considered to be an alternative to a life settlement? - Answer-Accelered death
benefit rider
With a scheduled dental policy, how are covered expense paid? - Answer-Benefits are limited to a
specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans EXCEPT - Answer-Preferred
provider Organization plan
Which approach predicts a person's earning potential and determines how much of that amount would
be devoted to dependents? - Answer-Human life value approach
Which of the following policies does NOT build cash value? - Answer-Term
, Which of these is a method of determining the level of funds required for ongoing support in the event
of the breadwinner's death? - Answer-Human life value
The free look period provided in a life insurance policy is usually - Answer-10 days
What does "SHOP" stand in SHOP Exchange? - Answer-Small Business Health Options Program
An employer is issued a group medical insurance policy. This single contract is known as a(n) - Answer-
master policy
Which of the following is NOT covered under Workers' Compensation? - Answer-Pain and suffering
Which of the following provides Medicare supplement policies? - Answer-Private insurance companies
A life settlement intermediary is a(n) - Answer-association which maintains a facility that displays offers
and counteroffers for purchasers or sellers of life settlement contracts
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? - Answer-Refund
annuity
The is responsible for determining the appropriateness of a Medicare Supplement policy for an
applicant. - Answer-Agent
The purpose of the Coordination of Benefits provision in group accident and health plans is to - Answer-
avoid overpayment of claims
Medicaid is intended for - Answer-poverty stricken people
