XCEL HEALTH & LIFE INSURANCE EXTRA PRACTICE - EXAM REVIEW (ALABAMA) || WITH ERRORLESS SOLUTIONS 100%.

What is the applicant's consideration in an insurance contract? correct answers Premiums At certain ages or dates, an insured can increase the stated benefit (within limits) under their disability income policy, regardless of health. Which policy rider BEST describes this? correct answers Futre Income Option Which of these statements regarding an insurance application is true? correct answers A representation is valid as long as it is true Who does a disability income policy normally cover? correct answers Wage earners A business owner has disability coverage that covers business expenses (other than income, the cost of capital goods, and other specified expenses). What kind of disability coverage is this? correct answers Business overhead expense insurance Trent has a permanent partial disability where he is paid 50% of his previous income. Trent is covered by a: correct answers Residual disability benefit Which of the following is a true statement? correct answers TRUE - The withholding of information that should have been provided to an insurer is called concealment. The number of an insurance company's health insureds that is expected to become sick or injured is called: correct answers Morbidity experience Bart is injured and provides notice of a health claim to his insurer He later receives the required claims forms. Within how many days of the loss must Bart file proof of loss with the insurance company? correct answers 90 Julio, the insurance producer, has allowed his license to lapse. He would like to reinstate his license without taking the course and passing the exam. To do this they must reinstate the license within how many months from the renewal date? correct answers 12 A life insurance policyowner has just exercised the policy's reduced paid-up option. Which of these statements is true? correct answers The amount of coverage would be less than the original coverage An individual unable to perform two or more Activities of Daily Living (ADLs) will trigger coverage from a _____ policy. correct answers Long Term Care (LTC) The notice of claim provision states that the insured notify the insurance company within ____ days of a claim. correct answers 20