Xcel Life Insurance Exam Questions with 100% Correct Answers Latest Graded A+

Xcel Life Insurance Exam Questions with 100% Correct Answers
Latest Graded A+


Question:
Replacement regulation is designed to protect
Answer:
Policyowners from mirepresentation and loss of benefits


Question:
All Health Benefit Plans issued after January 1, 2014 must provide
Answer:
Preventative health services


Question:
Which of these will have the highest monthly payout upon annuitization
Answer:
Straight life


Question:
Which of the following is included in the entire contract according ti the entire contract provison?
Answer:
Clauses


Question:
Which of the following is considered to be an alternative to a life settlement?
Answer:
Accelered death benefit rider


Question:
With a scheduled dental policy, how are covered expense paid?
Answer:

,Benefits are limited to a specific maximum dollar amount per procedure


Question:
Coordination of benefits regulation applies to all of the following plans EXCEPT
Answer:
Preferred provider Organization plan


Question:
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


Question:
Which of the following policies does NOT build cash value?
Answer:
Term


Question:
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


Question:
The free look period provided in a life insurance policy is usually
Answer:
10 days


Question:
What does "SHOP" stand in SHOP Exchange?
Answer:
Small Business Health Options Program

, Question:
An employer is issued a group medical insurance policy. This single contract is known as a(n)
Answer:
master policy


Question:
Which of the following is NOT covered under Workers' Compensation?
Answer:
Pain and suffering


Question:
Which of the following provides Medicare supplement policies?
Answer:
Private insurance companies


Question:
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


Question:
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


Question:
The is responsible for determining the appropriateness of a Medicare Supplement policy for an
applicant.
Answer:
Agent