Xcel solutions final Exam Questions with 100% Correct Answers Latest Graded A+

Xcel solutions final Exam Questions with 100% Correct Answers
Latest Graded A+


Question:
Insuring Which health policy clause specifies the amount of benefits to be paid
Answer:
Insuring


Question:
The investment gains from a universal life policy usually go to
Answer:
The cash value


Question:
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


Question:
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


Question:
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


Question:

,A(n) -_-_-_-_-_-_-_ beneficiary may be changed by the policy owner without the consent of the
beneficiary
Answer:
Revocable


Question:
What is the MINIMUM benefit period that must be offered by a long term care policy
Answer:
12 months


Question:
To terminate an agent's appointment, an insurance company must
Answer:
Send termination notice to the Texas Department of Insurance


Question:
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


Question:
Which of the following costs would a Basic Hospital/Surgical policy cover?
Answer:
Surgically removing a facial birthmark


Question:
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


Question:

,Which statement is true about a whole life policy
Answer:
Cash value may be borrowed against


Question:
How long does an insurance company appointment remain in force
Answer:
Until terminated


Question:
Which of the following statements about health coverage for newborns is NOT true?
Answer:
Coverage is LIMITED to only congenital defects


Question:
Medicare Part A and Part B do NOT pay for
Answer:
Dental care


Question:
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 clause


Question:
The percentage of an individuals primary insurance amount determines the benefits paid in which
of the following programs
Answer:
Social Security Disability Income

, Question:
Q is severely injured in an automobile accident and becomes totally disabled. How many months
must Q be disabled before being able to apply for Social Security disability benefits?
Answer:
5 months


Question:
After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms
Answer:
File written proof of loss


Question:
Which of the following types of care is typically not covered in a long term care policy
Answer:
acupuncture


Question:
Which of these does not constitute policy delivery
Answer:
Policy issued with a rating


Question:
Which type of plan normally includes hospice benefits
Answer:
Managed care plans


Question:
Non-occupational disability coverage is designed for
Answer:
Employees who suffer non work related disabilities, since work related disabilities are covered by
workers compensation