Xcel Life Insurance EXAM Questions with 100% Correct Answers | Verified
|| ACTUAL EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPDATE
1. Replacement regulation is designed to protect Policyowners from mirep-
resentation and loss of
benefits
2. All Health Benefit Plans issued after January 1, 2014 Preventative health ser-
must provide vices
3. Which of these will have the highest monthly payout Straight life
upon annuitization
4. Which of the following is included in the entire con- Clauses
tract according ti the entire contract provison?
5. Which of the following is considered to be an alterna- Accelered death benefit
tive to a life settlement? rider
6. With a scheduled dental policy, how are covered ex- Benefits are limited to a
pense paid? specific maximum dollar
amount per procedure
7. Coordination of benefits regulation applies to all of Preferred provider Orga-
the following plans EXCEPT nization plan
8. Which approach predicts a person's earning potential Human life value ap-
and determines how much of that amount would be proach
devoted to dependents?
9. Which of the following policies does NOT build cash Term
value?
10. Which of these is a method of determining the level of Human life value
funds required for ongoing support in the event of the
breadwinner's death?
, Xcel Life Insurance EXAM Questions with 100% Correct Answers | Verified
|| ACTUAL EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPDATE
11. The free look period provided in a life insurance policy 10 days
is usually
12. What does "SHOP" stand in SHOP Exchange? Small Business Health Op-
tions Program
13. An employer is issued a group medical insurance pol- master policy
icy. This single contract is known as a(n)
14. Which of the following is NOT covered under Workers' Pain and suffering
Compensation?
15. Which of the following provides Medicare supplement Private insurance compa-
policies? nies
16. A life settlement intermediary is a(n) association which main-
tains a facility that displays
offers and counteroffers
for purchasers or sellers of
life settlement contracts
17. An annuitant dies during the distribution period. What Refund annuity
kind of annunity will return to a beneficiary the dif-
ference between the annunity value and the income
payment already made?
18. The is responsible for determining the appropriate- Agent
ness of a Medicare Supplement policy for an appli-
cant.
19. The purpose of the Coordination of Benefits provision avoid overpayment of
in group accident and health plans is to claims
, Xcel Life Insurance EXAM Questions with 100% Correct Answers | Verified
|| ACTUAL EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPDATE
20. Medicaid is intended for poverty stricken people
21. A provision that allows a policyowner to temporarily collateral assignment
give up ownership rights to secure a loan is called a(n)
22. A disability policy where the premiums are due 10 days
monthly require a grace period of
23. Tom the agent replaced a client's insurance policy twisting
when it was not in the client's best interest. Tom could
be found guilty of
24. Which type of annuity stops all payments upon the Life annuity
death of the annuitant?
25. Decreasing term life insurance is often used to provide coverage for a
home mortgage
26. What does a life insurance policy guarantee to the Specified amount of mon-
stated beneficiary upon the death of the insured? ey
27. Major medical insurance will typically cover medical a negative reaction to pre-
expenses that result from scribed medication
28. The typical long-term care insurance policy is de- 1
signed to provide a minimum of__________ year(s) of
coverage
29. The double indemnity provision in a life insurance accident
policy pertains to an insured's death caused by a(n)
30. Life insurance policies will normally pay for losses aris- commercial aviation
ing from
|| ACTUAL EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPDATE
1. Replacement regulation is designed to protect Policyowners from mirep-
resentation and loss of
benefits
2. All Health Benefit Plans issued after January 1, 2014 Preventative health ser-
must provide vices
3. Which of these will have the highest monthly payout Straight life
upon annuitization
4. Which of the following is included in the entire con- Clauses
tract according ti the entire contract provison?
5. Which of the following is considered to be an alterna- Accelered death benefit
tive to a life settlement? rider
6. With a scheduled dental policy, how are covered ex- Benefits are limited to a
pense paid? specific maximum dollar
amount per procedure
7. Coordination of benefits regulation applies to all of Preferred provider Orga-
the following plans EXCEPT nization plan
8. Which approach predicts a person's earning potential Human life value ap-
and determines how much of that amount would be proach
devoted to dependents?
9. Which of the following policies does NOT build cash Term
value?
10. Which of these is a method of determining the level of Human life value
funds required for ongoing support in the event of the
breadwinner's death?
, Xcel Life Insurance EXAM Questions with 100% Correct Answers | Verified
|| ACTUAL EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPDATE
11. The free look period provided in a life insurance policy 10 days
is usually
12. What does "SHOP" stand in SHOP Exchange? Small Business Health Op-
tions Program
13. An employer is issued a group medical insurance pol- master policy
icy. This single contract is known as a(n)
14. Which of the following is NOT covered under Workers' Pain and suffering
Compensation?
15. Which of the following provides Medicare supplement Private insurance compa-
policies? nies
16. A life settlement intermediary is a(n) association which main-
tains a facility that displays
offers and counteroffers
for purchasers or sellers of
life settlement contracts
17. An annuitant dies during the distribution period. What Refund annuity
kind of annunity will return to a beneficiary the dif-
ference between the annunity value and the income
payment already made?
18. The is responsible for determining the appropriate- Agent
ness of a Medicare Supplement policy for an appli-
cant.
19. The purpose of the Coordination of Benefits provision avoid overpayment of
in group accident and health plans is to claims
, Xcel Life Insurance EXAM Questions with 100% Correct Answers | Verified
|| ACTUAL EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPDATE
20. Medicaid is intended for poverty stricken people
21. A provision that allows a policyowner to temporarily collateral assignment
give up ownership rights to secure a loan is called a(n)
22. A disability policy where the premiums are due 10 days
monthly require a grace period of
23. Tom the agent replaced a client's insurance policy twisting
when it was not in the client's best interest. Tom could
be found guilty of
24. Which type of annuity stops all payments upon the Life annuity
death of the annuitant?
25. Decreasing term life insurance is often used to provide coverage for a
home mortgage
26. What does a life insurance policy guarantee to the Specified amount of mon-
stated beneficiary upon the death of the insured? ey
27. Major medical insurance will typically cover medical a negative reaction to pre-
expenses that result from scribed medication
28. The typical long-term care insurance policy is de- 1
signed to provide a minimum of__________ year(s) of
coverage
29. The double indemnity provision in a life insurance accident
policy pertains to an insured's death caused by a(n)
30. Life insurance policies will normally pay for losses aris- commercial aviation
ing from
