XCEL Life And Health Insurance Test Review: Q&A

Which annuity payout option allows the policy owner to choose a pre-determined number of benefit payments? ️Ans - Period Certain Which annuity payout option has no additional payouts regardless of when the annuitant dies ️Ans - Life only annuity a professional liability for which producers can be sued for mistakes of putting a policy into effect ️Ans - Errors and Omissions requires the beneficiary's signature for any change to the beneficiary ️Ans - irrevocable beneficiary statements made by an insurance applicant on an application ️Ans - representations life insurance policies guarantee the beneficiary what upon the death of the insured ️Ans - a specified amount of money common exclusion on a dental policy ️Ans - Endodontics Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? ️Ans - Home health care According to the Affordable Care Act, any plan in existence prior to which date is considered a grandfathered plan? ️Ans - March 23, 2010 Which of the following is NOT a type of Medicare Advantage Plan? ️Ans - Social Security Disability Income (SSDI) Coordination of Benefits regulation applies to all of the following plans EXCEPT ️Ans - Preferred Provider Organization plan (PPO)