Xcel solutions final exam

Xcel solutions final exam Insuring Which health policy clause specifies the amount of benefits to be paid - Answer ️️ - Insuring The investment gains from a universal life policy usually go to - Answer ️️ -The cash value L takes out a life insurance policy and dies 10 years later. During the claim process, the insurer finds out that the applicant misstated their age. What will the insurer do? - Answer ️️ -Adjust the death benefit to a reduced amount An employee is covered under a company group life plan with a $50,000 death benefit. What is the Maximum amount a spouse may be insured for under this program - Answer ️️ -$25,000 M is insured under a basic hospital/surgical expense policy. A physician performs surgery on M. What determines the claim M is eligible for - Answer ️️ -Determined by the terms of the policy A(n)__-_-_-_-_-_-_-_ beneficiary may be changed by the policy owner without the consent of the beneficiary - Answer ️️ -Revocable What is the MINIMUM benefit period that must be offered by a long term care policy - Answer ️️ -12 months To terminate an agent's appointment, an insurance company must - Answer ️️ -Send termination notice to the Texas Department of Insurance An agent gives a conditional receipt to a client for an insurance policy after collecting the initial premium. When will the policy become effective? - Answer ️️ -When the conditions of the receipt are met Which of the following costs would a Basic Hospital/Surgical policy cover? - Answer ️️ - Surgically removing a facial birthmark Which of the following statements is CORRECT about an agent who is taking an insurance application - Answer ️️ -The agent should have the applicant initial any changes made on the application Which statement is true about a whole life policy - Answer ️️ -Cash value may be borrowed against How long does an insurance company appointment remain in force - Answer ️️ -Until terminated Which of the following statements about health coverage for newborns is NOT true? - Answer ️️ -Coverage is LIMITED to only congenital defects Medicare Part A and Part B do NOT pay for - Answer ️️ -Dental care An insurance company receives E's application for an individual health policy. E did not complete all of the medical history questions because she could not remember the exact dates. E signed the policy and submitted it to the insurance company anyway. A few weeks later, E suffers a heart attack and is hospitalized without completing the medical history questions and paying the initial premium. E is not insured. Which of the following clauses details the conditions that E did not meet? - Answer ️️ -Consideration cla