XCEL EXAM SCRIPT PREMIUM QUESTIONS
AND SOLUTIONS GRADED A+
●● All of the following are characteristics of a Group Life Insurance
Plan EXCEPT?
A. Group underwriting
B. Master contract
C. Individual underwriting
D. Probationary period
Answer: Individual underwriting
●● What does the Group Life underwriting risk selection process help
protect insurance companies from?
A. Risk aversion
B. Natural selection
C. Adverse selection
D. Risk management
Answer: Adverse selection
●● Tim is covered under a group plan and would like to change his
group coverage to an individual policy with the same insurer because of
employment termination. Which of these describes the change that will
take place?
AND SOLUTIONS GRADED A+
●● All of the following are characteristics of a Group Life Insurance
Plan EXCEPT?
A. Group underwriting
B. Master contract
C. Individual underwriting
D. Probationary period
Answer: Individual underwriting
●● What does the Group Life underwriting risk selection process help
protect insurance companies from?
A. Risk aversion
B. Natural selection
C. Adverse selection
D. Risk management
Answer: Adverse selection
●● Tim is covered under a group plan and would like to change his
group coverage to an individual policy with the same insurer because of
employment termination. Which of these describes the change that will
take place?
