Xcel Life Insurance Exam 2026-2027 Xcel
Solutions Life Insurance Exam Update 2026-
2027 Life Insurance Xcel Exam
Replacement regulation is designed to protect - correct answer>>Policyowners
from mirepresentation 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 ti the entire
contract provison? - correct answer>>Clauses
Which of the following is considered to be an alternative to a life settlement? -
correct answer>>Accelered 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
,Which approach predicts a person's earning potential and determines how much
of that amount would be devoted to dependents? - correct answer>>Human life
value approach
Which of the following policies does NOT build cash value? - correct
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? - correct answer>>Human life
value
The free look period provided in a life insurance policy is usually - correct
answer>>10 days
What does "SHOP" stand in SHOP Exchange? - correct answer>>Small Business
Health Options Program
An employer is issued a group medical insurance policy. This single contract is
known as a(n) - correct answer>>master policy
Which of the following is NOT covered under Workers' Compensation? - correct
answer>>Pain and suffering
Which of the following provides Medicare supplement policies? - correct
answer>>Private insurance companies
, A life settlement intermediary is a(n) - correct 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? - correct answer>>Refund annuity
The is responsible for determining the appropriateness of a Medicare Supplement
policy for an applicant. - correct answer>>Agent
The purpose of the Coordination of Benefits provision in group accident and
health plans is to - correct answer>>avoid overpayment of claims
Medicaid is intended for - correct answer>>poverty stricken people
A provision that allows a policyowner to temporarily give up ownership rights to
secure a loan is called a(n) - correct answer>>collateral assignment
A disability policy where the premiums are due monthly require a grace period of
- correct answer>>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 - correct answer>>twisting
Which type of annuity stops all payments upon the death of the annuitant? -
correct answer>>Life annuity
Solutions Life Insurance Exam Update 2026-
2027 Life Insurance Xcel Exam
Replacement regulation is designed to protect - correct answer>>Policyowners
from mirepresentation 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 ti the entire
contract provison? - correct answer>>Clauses
Which of the following is considered to be an alternative to a life settlement? -
correct answer>>Accelered 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
,Which approach predicts a person's earning potential and determines how much
of that amount would be devoted to dependents? - correct answer>>Human life
value approach
Which of the following policies does NOT build cash value? - correct
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? - correct answer>>Human life
value
The free look period provided in a life insurance policy is usually - correct
answer>>10 days
What does "SHOP" stand in SHOP Exchange? - correct answer>>Small Business
Health Options Program
An employer is issued a group medical insurance policy. This single contract is
known as a(n) - correct answer>>master policy
Which of the following is NOT covered under Workers' Compensation? - correct
answer>>Pain and suffering
Which of the following provides Medicare supplement policies? - correct
answer>>Private insurance companies
, A life settlement intermediary is a(n) - correct 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? - correct answer>>Refund annuity
The is responsible for determining the appropriateness of a Medicare Supplement
policy for an applicant. - correct answer>>Agent
The purpose of the Coordination of Benefits provision in group accident and
health plans is to - correct answer>>avoid overpayment of claims
Medicaid is intended for - correct answer>>poverty stricken people
A provision that allows a policyowner to temporarily give up ownership rights to
secure a loan is called a(n) - correct answer>>collateral assignment
A disability policy where the premiums are due monthly require a grace period of
- correct answer>>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 - correct answer>>twisting
Which type of annuity stops all payments upon the death of the annuitant? -
correct answer>>Life annuity
