Xcel Life Insurance Exam questions with verified
answers
Replacement regulation is designed to protect Ans✔✔-Policyowners
from mirepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide
Ans✔✔-Preventative health services
Which of these will have the highest monthly payout upon annuitization
Ans✔✔-Straight life
Which of the following is included in the entire contract according ti the
entire contract provison? Ans✔✔-Clauses
Which of the following is considered to be an alternative to a life
settlement? Ans✔✔-Accelered death benefit rider
With a scheduled dental policy, how are covered expense paid? Ans✔✔-
Benefits are limited to a specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans
EXCEPT Ans✔✔-Preferred provider Organization plan
Which approach predicts a person's earning potential and determines
how much of that amount would be devoted to dependents? Ans✔✔-
Human life value approach
,Which of the following policies does NOT build cash value? Ans✔✔-
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? Ans✔✔-
Human life value
The free look period provided in a life insurance policy is usually
Ans✔✔-10 days
What does "SHOP" stand in SHOP Exchange? Ans✔✔-Small Business
Health Options Program
An employer is issued a group medical insurance policy. This single
contract is known as a(n) Ans✔✔-master policy
Which of the following is NOT covered under Workers' Compensation?
Ans✔✔-Pain and suffering
Which of the following provides Medicare supplement policies? Ans✔✔-
Private insurance companies
A life settlement intermediary is a(n) Ans✔✔-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? Ans✔✔-Refund annuity
The is responsible for determining the appropriateness of a Medicare
Supplement policy for an applicant. Ans✔✔-Agent
The purpose of the Coordination of Benefits provision in group accident
and health plans is to Ans✔✔-avoid overpayment of claims
Medicaid is intended for Ans✔✔-poverty stricken people
A provision that allows a policyowner to temporarily give up ownership
rights to secure a loan is called a(n) Ans✔✔-collateral assignment
A disability policy where the premiums are due monthly require a grace
period of Ans✔✔-10 days
Tom the agent replaced a client's insurance policy when it was not in the
client's best interest. Tom could be found guilty of Ans✔✔-twisting
Which type of annuity stops all payments upon the death of the
annuitant? Ans✔✔-Life annuity
answers
Replacement regulation is designed to protect Ans✔✔-Policyowners
from mirepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide
Ans✔✔-Preventative health services
Which of these will have the highest monthly payout upon annuitization
Ans✔✔-Straight life
Which of the following is included in the entire contract according ti the
entire contract provison? Ans✔✔-Clauses
Which of the following is considered to be an alternative to a life
settlement? Ans✔✔-Accelered death benefit rider
With a scheduled dental policy, how are covered expense paid? Ans✔✔-
Benefits are limited to a specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans
EXCEPT Ans✔✔-Preferred provider Organization plan
Which approach predicts a person's earning potential and determines
how much of that amount would be devoted to dependents? Ans✔✔-
Human life value approach
,Which of the following policies does NOT build cash value? Ans✔✔-
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? Ans✔✔-
Human life value
The free look period provided in a life insurance policy is usually
Ans✔✔-10 days
What does "SHOP" stand in SHOP Exchange? Ans✔✔-Small Business
Health Options Program
An employer is issued a group medical insurance policy. This single
contract is known as a(n) Ans✔✔-master policy
Which of the following is NOT covered under Workers' Compensation?
Ans✔✔-Pain and suffering
Which of the following provides Medicare supplement policies? Ans✔✔-
Private insurance companies
A life settlement intermediary is a(n) Ans✔✔-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? Ans✔✔-Refund annuity
The is responsible for determining the appropriateness of a Medicare
Supplement policy for an applicant. Ans✔✔-Agent
The purpose of the Coordination of Benefits provision in group accident
and health plans is to Ans✔✔-avoid overpayment of claims
Medicaid is intended for Ans✔✔-poverty stricken people
A provision that allows a policyowner to temporarily give up ownership
rights to secure a loan is called a(n) Ans✔✔-collateral assignment
A disability policy where the premiums are due monthly require a grace
period of Ans✔✔-10 days
Tom the agent replaced a client's insurance policy when it was not in the
client's best interest. Tom could be found guilty of Ans✔✔-twisting
Which type of annuity stops all payments upon the death of the
annuitant? Ans✔✔-Life annuity
