XCEL LIFE INSURANCE ACTUAL EXAM
SCRIPT 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉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
◉A provision that allows a policyowner to temporarily give up
ownership rights to secure a loan is called a(n). Answer: collateral
assignment
SCRIPT 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉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
◉A provision that allows a policyowner to temporarily give up
ownership rights to secure a loan is called a(n). Answer: collateral
assignment
