Xcel Life Insurance Exam with Questions and
Answers Latest Update 2025
Replacement regulation is designed to protect - Correct AnswersPolicyowners from
mirepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide - Correct
AnswersPreventative health services
Which of these will have the highest monthly payout upon annuitization - Correct
AnswersStraight life
Which of the following is included in the entire contract according ti the entire contract
provison? - Correct AnswersClauses
Which of the following is considered to be an alternative to a life settlement? - Correct
AnswersAccelered death benefit rider
With a scheduled dental policy, how are covered expense paid? - Correct
AnswersBenefits are limited to a specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans EXCEPT - Correct
AnswersPreferred provider Organization plan
Which approach predicts a person's earning potential and determines how much of that
amount would be devoted to dependents? - Correct AnswersHuman life value approach
Which of the following policies does NOT build cash value? - Correct AnswersTerm
, Which of these is a method of determining the level of funds required for ongoing support in
the event of the breadwinner's death? - Correct AnswersHuman life value
The free look period provided in a life insurance policy is usually - Correct Answers10 days
What does "SHOP" stand in SHOP Exchange? - Correct AnswersSmall Business Health
Options Program
An employer is issued a group medical insurance policy. This single contract is known as
a(n) - Correct Answersmaster policy
Which of the following is NOT covered under Workers' Compensation? - Correct
AnswersPain and suffering
Which of the following provides Medicare supplement policies? - Correct AnswersPrivate
insurance companies
A life settlement intermediary is a(n) - Correct Answersassociation 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? - Correct AnswersRefund annuity
The is responsible for determining the appropriateness of a Medicare Supplement policy
for an applicant. - Correct AnswersAgent
The purpose of the Coordination of Benefits provision in group accident and health plans is
to - Correct Answersavoid overpayment of claims
Medicaid is intended for - Correct Answerspoverty stricken people
A provision that allows a policyowner to temporarily give up ownership rights to secure a
loan is called a(n) - Correct Answerscollateral assignment
Answers Latest Update 2025
Replacement regulation is designed to protect - Correct AnswersPolicyowners from
mirepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide - Correct
AnswersPreventative health services
Which of these will have the highest monthly payout upon annuitization - Correct
AnswersStraight life
Which of the following is included in the entire contract according ti the entire contract
provison? - Correct AnswersClauses
Which of the following is considered to be an alternative to a life settlement? - Correct
AnswersAccelered death benefit rider
With a scheduled dental policy, how are covered expense paid? - Correct
AnswersBenefits are limited to a specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans EXCEPT - Correct
AnswersPreferred provider Organization plan
Which approach predicts a person's earning potential and determines how much of that
amount would be devoted to dependents? - Correct AnswersHuman life value approach
Which of the following policies does NOT build cash value? - Correct AnswersTerm
, Which of these is a method of determining the level of funds required for ongoing support in
the event of the breadwinner's death? - Correct AnswersHuman life value
The free look period provided in a life insurance policy is usually - Correct Answers10 days
What does "SHOP" stand in SHOP Exchange? - Correct AnswersSmall Business Health
Options Program
An employer is issued a group medical insurance policy. This single contract is known as
a(n) - Correct Answersmaster policy
Which of the following is NOT covered under Workers' Compensation? - Correct
AnswersPain and suffering
Which of the following provides Medicare supplement policies? - Correct AnswersPrivate
insurance companies
A life settlement intermediary is a(n) - Correct Answersassociation 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? - Correct AnswersRefund annuity
The is responsible for determining the appropriateness of a Medicare Supplement policy
for an applicant. - Correct AnswersAgent
The purpose of the Coordination of Benefits provision in group accident and health plans is
to - Correct Answersavoid overpayment of claims
Medicaid is intended for - Correct Answerspoverty stricken people
A provision that allows a policyowner to temporarily give up ownership rights to secure a
loan is called a(n) - Correct Answerscollateral assignment
