Xcel Life Insurance Exam Latest
Update 2025 Well Elaborated
Questions And Detailed Answer
//Newest 100% A+ Graded
If an agent is advertising a life insurance policy, the agent must disclose the -
CORRECT ANSWER Name of the actual insurer
Which falsification makes a universal life policy different from a whole life policy? -
CORRECT ANSWER A flexible premium schedule
Intentional withholding of material facts that were affected insurance policy's validity is
called an - CORRECT ANSWER Concealment
All the following are considered appropriate to use of life insurance for business
purposes except - CORRECT ANSWER Protecting the business by covering entry-level
employees with life insurance
A hospital or medical expense policy will typically cover dental treatment expenses
which under circumstances? - CORRECT ANSWER Dental treatment is needed to
repair an injury
An agent has recently died and leave behind a spouse in order for the aged insurance
business to continue the superintendent may issue to the agent spouse a - CORRECT
ANSWER Temporary insurance license
A long-term care policy typically provides all the following levels of care except -
CORRECT ANSWER Acute care
Who is the individual paid on a fee for service basis? - CORRECT ANSWER Provider
,The monthly benefit for the individual disability income policy is usually limited to
percentage of the insured's income in order to avoid - CORRECT ANSWER over
insurance
Which of the following is a reinstatement condition? - CORRECT ANSWER Proof of
insurability
HIPAA considers which of the following as "individually identifiable health information"?
- CORRECT ANSWER Persons health claim information
Which of the following is a legal entity created for the sole purpose of providing
affordable group health coverage to the participants? - CORRECT ANSWER Multiple
employer welfare arrangement or an MEWA
As of January 1, 2014 an employer with up to 25 full-time equivalent FTE with average
annual wages of less than $50,000 may be eligible for a tax credit of________premiums
paid by the employer. - CORRECT ANSWER 50%
Which of these is not an unfair claim statement practice? - CORRECT ANSWER
Providing claim payments to insurers under the guidelines of the insurance contracts
Who is the most investment risk with a fixed annuity contract - CORRECT ANSWER
The insurer?
Chris isn't insured bricklayer who served his left hand in an automobile accident
although his primary duty cannot be performed Chris also a suitable high school teacher
he collects for disability income check every month. How does his policy define total
disability? - CORRECT ANSWER Own occupation
, Master contract and certificate of coverage can be found in which type of policy? -
CORRECT ANSWER Group
Phil is shopping for a new lady that guarantees he cannot at least the benefits which of
these benefits options would he choose? - CORRECT ANSWER Guaranteed lifetime
withdrawal benefit
The IRS states that the taxpayer’s medical expenses that exceed 7.5% of their
suggested gross income is tax it up deductible. Which of the following may be
considered a medical expense under this role? - CORRECT ANSWER Long term care
insurance premiums
Replacement regulation is designed to protect - CORRECT ANSWER Policy owners
from misrepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide - CORRECT
ANSWER Preventative health services
Which of these will have the highest monthly payout upon annuitization - CORRECT
ANSWER Straight life
Which of the following is included in the entire contract according to the entire contract
provision? - CORRECT ANSWER Clauses
Which of the following is considered to be an alternative to a life settlement? -
CORRECT ANSWER Accelerate death benefit rider
With a scheduled dental policy, how are covered expense paid? - CORRECT ANSWER
Benefits are limited to a specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans EXCEPT -
CORRECT ANSWER Preferred Provider Organization plan
Update 2025 Well Elaborated
Questions And Detailed Answer
//Newest 100% A+ Graded
If an agent is advertising a life insurance policy, the agent must disclose the -
CORRECT ANSWER Name of the actual insurer
Which falsification makes a universal life policy different from a whole life policy? -
CORRECT ANSWER A flexible premium schedule
Intentional withholding of material facts that were affected insurance policy's validity is
called an - CORRECT ANSWER Concealment
All the following are considered appropriate to use of life insurance for business
purposes except - CORRECT ANSWER Protecting the business by covering entry-level
employees with life insurance
A hospital or medical expense policy will typically cover dental treatment expenses
which under circumstances? - CORRECT ANSWER Dental treatment is needed to
repair an injury
An agent has recently died and leave behind a spouse in order for the aged insurance
business to continue the superintendent may issue to the agent spouse a - CORRECT
ANSWER Temporary insurance license
A long-term care policy typically provides all the following levels of care except -
CORRECT ANSWER Acute care
Who is the individual paid on a fee for service basis? - CORRECT ANSWER Provider
,The monthly benefit for the individual disability income policy is usually limited to
percentage of the insured's income in order to avoid - CORRECT ANSWER over
insurance
Which of the following is a reinstatement condition? - CORRECT ANSWER Proof of
insurability
HIPAA considers which of the following as "individually identifiable health information"?
- CORRECT ANSWER Persons health claim information
Which of the following is a legal entity created for the sole purpose of providing
affordable group health coverage to the participants? - CORRECT ANSWER Multiple
employer welfare arrangement or an MEWA
As of January 1, 2014 an employer with up to 25 full-time equivalent FTE with average
annual wages of less than $50,000 may be eligible for a tax credit of________premiums
paid by the employer. - CORRECT ANSWER 50%
Which of these is not an unfair claim statement practice? - CORRECT ANSWER
Providing claim payments to insurers under the guidelines of the insurance contracts
Who is the most investment risk with a fixed annuity contract - CORRECT ANSWER
The insurer?
Chris isn't insured bricklayer who served his left hand in an automobile accident
although his primary duty cannot be performed Chris also a suitable high school teacher
he collects for disability income check every month. How does his policy define total
disability? - CORRECT ANSWER Own occupation
, Master contract and certificate of coverage can be found in which type of policy? -
CORRECT ANSWER Group
Phil is shopping for a new lady that guarantees he cannot at least the benefits which of
these benefits options would he choose? - CORRECT ANSWER Guaranteed lifetime
withdrawal benefit
The IRS states that the taxpayer’s medical expenses that exceed 7.5% of their
suggested gross income is tax it up deductible. Which of the following may be
considered a medical expense under this role? - CORRECT ANSWER Long term care
insurance premiums
Replacement regulation is designed to protect - CORRECT ANSWER Policy owners
from misrepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide - CORRECT
ANSWER Preventative health services
Which of these will have the highest monthly payout upon annuitization - CORRECT
ANSWER Straight life
Which of the following is included in the entire contract according to the entire contract
provision? - CORRECT ANSWER Clauses
Which of the following is considered to be an alternative to a life settlement? -
CORRECT ANSWER Accelerate death benefit rider
With a scheduled dental policy, how are covered expense paid? - CORRECT ANSWER
Benefits are limited to a specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans EXCEPT -
CORRECT ANSWER Preferred Provider Organization plan
