Xcel solutions final exam Maryland Life and health Exam Questions
with 100% Correct Answers Latest Graded A+
Question:
What is normally the consequence for NOT obtaining preadmission certification prior to receiving
inpatient medical care?
Answer:
A reduction in benefits
Question:
A group-owned insurance company that is formed to assume and spread the liability risks of its
members is known as a
Answer:
Risk retention group
Question:
During the application process, a statement made by an applicant that becomes part of the contract
is considered to be a(n)
Answer:
Warranty
Question:
What is taken into consideration when defining "total disability" in a disability income insurance
policy?
Answer:
The insured's education, training and expirence
Question:
Sarah, age 88, is a life annuitant who has lived beyond her life expectancy. The funds for additional
benefit payments will be derived primarily from funds that were
Answer:
not distributed to life annuitants who died before life expectancy
, Question:
Which type of policy can group term life insurance normally be converted to?
Answer:
An individual permanent life insurance policy
Question:
Impatient psychiatric care is covered under Part A Medicare insurance for 190 days per
Answer:
Lifetime
Question:
A source of supplemental income for a life insurance policyowner can be derived from the
Answer:
Cash value
Question:
The absolute assignment of a life insurance policy results in
Answer:
all incidents of ownership transferred to the assignee
Question:
All of these statements concerning group credit life insurance are false EXCEPT
Answer:
The face amount is based on the outstanding loan balance
Question:
Which statement concerning adjustable life insurance is accurate?
Answer:
The face amount and premiums can be changed simultaneously by the policyowner
Question:
with 100% Correct Answers Latest Graded A+
Question:
What is normally the consequence for NOT obtaining preadmission certification prior to receiving
inpatient medical care?
Answer:
A reduction in benefits
Question:
A group-owned insurance company that is formed to assume and spread the liability risks of its
members is known as a
Answer:
Risk retention group
Question:
During the application process, a statement made by an applicant that becomes part of the contract
is considered to be a(n)
Answer:
Warranty
Question:
What is taken into consideration when defining "total disability" in a disability income insurance
policy?
Answer:
The insured's education, training and expirence
Question:
Sarah, age 88, is a life annuitant who has lived beyond her life expectancy. The funds for additional
benefit payments will be derived primarily from funds that were
Answer:
not distributed to life annuitants who died before life expectancy
, Question:
Which type of policy can group term life insurance normally be converted to?
Answer:
An individual permanent life insurance policy
Question:
Impatient psychiatric care is covered under Part A Medicare insurance for 190 days per
Answer:
Lifetime
Question:
A source of supplemental income for a life insurance policyowner can be derived from the
Answer:
Cash value
Question:
The absolute assignment of a life insurance policy results in
Answer:
all incidents of ownership transferred to the assignee
Question:
All of these statements concerning group credit life insurance are false EXCEPT
Answer:
The face amount is based on the outstanding loan balance
Question:
Which statement concerning adjustable life insurance is accurate?
Answer:
The face amount and premiums can be changed simultaneously by the policyowner
Question:
