Xcel Life Insurance Exam Questions
and Answers
1. Replacement regulation is designed to protect
ANS Policyowners from misrepresentation and loss of benefits
2. All Health Benefit Plans issued after January 1, 2014 must provide
ANS Preventative health services
3. Which of these will have the highest monthly payout upon
annuitization
ANS -
Straight life
4. Which of the following is included in the entire contract according
ti the entire contract provison?
ANS Clauses
5. Which of the following is considered to be an alternative to a life
settlement?-
ANS Accelered death benefit rider
,6. With a scheduled dental policy, how are covered expense paid?
ANS Benefits are limited to a specific maximum dollar amount per procedure
7. Coordination of benefits regulation applies to all of the following
plans EX- CEPT
ANS Preferred provider Organization plan
8. 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
9. Which of the following policies does NOT build cash value?
ANS Term
10. 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
11. The free look period provided in a life insurance policy is
usually
ANS 10 days
12. What does "SHOP" stand in SHOP Exchange?
, ANS Small Business Health Options Program
13. An employer is issued a group medical insurance policy. This
single contract is known as a(n)
ANS master policy
14. Which of the following is NOT covered under Workers'
Compensation?
ANS Pain and suffering
15. Which of the following provides Medicare supplement policies?
ANS Private insurance companies
16. A life settlement intermediary is a(n)
ANS association which maintains a facility that displays otters and counterotters for
purchasers or sellers of life settlement contracts
17. 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
18. The is responsible for determining the appropriateness of a
Medicare Sup- plement policy for an applicant.
and Answers
1. Replacement regulation is designed to protect
ANS Policyowners from misrepresentation and loss of benefits
2. All Health Benefit Plans issued after January 1, 2014 must provide
ANS Preventative health services
3. Which of these will have the highest monthly payout upon
annuitization
ANS -
Straight life
4. Which of the following is included in the entire contract according
ti the entire contract provison?
ANS Clauses
5. Which of the following is considered to be an alternative to a life
settlement?-
ANS Accelered death benefit rider
,6. With a scheduled dental policy, how are covered expense paid?
ANS Benefits are limited to a specific maximum dollar amount per procedure
7. Coordination of benefits regulation applies to all of the following
plans EX- CEPT
ANS Preferred provider Organization plan
8. 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
9. Which of the following policies does NOT build cash value?
ANS Term
10. 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
11. The free look period provided in a life insurance policy is
usually
ANS 10 days
12. What does "SHOP" stand in SHOP Exchange?
, ANS Small Business Health Options Program
13. An employer is issued a group medical insurance policy. This
single contract is known as a(n)
ANS master policy
14. Which of the following is NOT covered under Workers'
Compensation?
ANS Pain and suffering
15. Which of the following provides Medicare supplement policies?
ANS Private insurance companies
16. A life settlement intermediary is a(n)
ANS association which maintains a facility that displays otters and counterotters for
purchasers or sellers of life settlement contracts
17. 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
18. The is responsible for determining the appropriateness of a
Medicare Sup- plement policy for an applicant.
