Xcel Life Insurance Exam Questions &
Answers
1.Replacement regulation is designed to protect
Answer Policyowners from mirepre- sentation and loss of benefits
2.All Health Benefit Plans issued after January 1, 2014 must provide
Answer Preven- tative health services
3.Which of these will have the highest monthly payout upon annuitization
Answer -
Straight life
4.Which of the following is included in the entire contract according ti
the entire contract provison?
Answer Clauses
5.Which of the following is considered to be an alternative to a life
settle- ment?
Answer Accelered death benefit rider
6.With a scheduled dental policy, how are covered expense paid?
Answer Benefits are limited to a specific maximum dollar amount per
procedure
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,7.Coordination of benefits regulation applies to all of the following
plans EXCEPT
Answer Preferred provider Organization plan
8.Which approach predicts a person's earning potential and determines
how much of that amount would be devoted to dependents?
Answer Human life value approach
9.Which of the following policies does NOT build cash value?
Answer Term
10.Which of these is a method of determining the level of funds required
for ongoing support in the event of the breadwinner's death?
Answer Human life value
11.The free look period provided in a life insurance policy is usually
Answer 10 days
12.What does "SHOP" stand in SHOP Exchange?
Answer Small Business Health Op- tions Program
13.An employer is issued a group medical insurance policy. This single
con- tract is known as a(n)
Answer master policy
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, 14.Which of the following is NOT covered under Workers' Compensation?
Answer -
Pain and suffering
15.Which of the following provides Medicare supplement policies?
Answer Private insurance companies
16.A life settlement intermediary is a(n)
Answer association which maintains a facility that displays offers and
counteroffers for purchasers or sellers of life settlement contracts
17.An annuitant dies during the distribution period. What kind of annunity
will return to a beneficiary the difference between the annunity value and
the income payment already made?
Answer Refund annuity
18.The is responsible for determining the appropriateness of a
Medicare Supplement policy for an applicant.
Answer Agent
19.The purpose of the Coordination of Benefits provision in group
accident and health plans is to
Answer avoid overpayment of claims
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Answers
1.Replacement regulation is designed to protect
Answer Policyowners from mirepre- sentation and loss of benefits
2.All Health Benefit Plans issued after January 1, 2014 must provide
Answer Preven- tative health services
3.Which of these will have the highest monthly payout upon annuitization
Answer -
Straight life
4.Which of the following is included in the entire contract according ti
the entire contract provison?
Answer Clauses
5.Which of the following is considered to be an alternative to a life
settle- ment?
Answer Accelered death benefit rider
6.With a scheduled dental policy, how are covered expense paid?
Answer Benefits are limited to a specific maximum dollar amount per
procedure
1/
24
,7.Coordination of benefits regulation applies to all of the following
plans EXCEPT
Answer Preferred provider Organization plan
8.Which approach predicts a person's earning potential and determines
how much of that amount would be devoted to dependents?
Answer Human life value approach
9.Which of the following policies does NOT build cash value?
Answer Term
10.Which of these is a method of determining the level of funds required
for ongoing support in the event of the breadwinner's death?
Answer Human life value
11.The free look period provided in a life insurance policy is usually
Answer 10 days
12.What does "SHOP" stand in SHOP Exchange?
Answer Small Business Health Op- tions Program
13.An employer is issued a group medical insurance policy. This single
con- tract is known as a(n)
Answer master policy
2/
24
, 14.Which of the following is NOT covered under Workers' Compensation?
Answer -
Pain and suffering
15.Which of the following provides Medicare supplement policies?
Answer Private insurance companies
16.A life settlement intermediary is a(n)
Answer association which maintains a facility that displays offers and
counteroffers for purchasers or sellers of life settlement contracts
17.An annuitant dies during the distribution period. What kind of annunity
will return to a beneficiary the difference between the annunity value and
the income payment already made?
Answer Refund annuity
18.The is responsible for determining the appropriateness of a
Medicare Supplement policy for an applicant.
Answer Agent
19.The purpose of the Coordination of Benefits provision in group
accident and health plans is to
Answer avoid overpayment of claims
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24
