Xcel solutions final exam

Xcel solutions final exam Insuring Which health policy clause specifies the amount of benefits to be paid - answer Insuring The investment gains from a universal life policy usually go to -answer The cash value 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 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 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 A(n)__-_-_-_-_-_-_-_ beneficiary may be changed by the policy owner without the consent of the beneficiary -answer Revocable What is the MINIMUM benefit period that must be offered by a long term care policy -answer 12 months To terminate an agent's appointment, an insurance company must -answer Send termination notice to the Texas Department of Insurance 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 Which of the following costs would a Basic Hospital/Surgical policy cover? - answer Surgically removing a facial birthmar