Xcel Life Insurance Exam questions with correct answers

Replacement regulation is designed to protect correct Ans Policy owners from misrepresentation and loss of benefits All Health Benefit Plans issued after January 1, 2014 must provide correct Ans Preventative health services Which of these will have the highest monthly payout upon annuitization correct Ans Straight life Which of the following is included in the entire contract according to the entire contract provision? correct Ans Clauses Which of the following is considered to be an alternative to a life settlement? correct Ans Accelerate death benefit rider With a scheduled dental policy, how are covered expense paid? correct Ans Benefits are limited to a specific maximum dollar amount per procedure Coordination of benefits regulation applies to all of the following plans EXCEPT correct Ans 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 Ans Human life value approach Which of the following policies does NOT build cash value? correct Ans 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 Ans Human life value The free look period provided in a life insurance policy is usually correct