Xcel Life Insurance Exam Practice Questions and Answers

Xcel Life Insurance Exam Practice Questions and Answers Replacement regulation is designed to protect - Correct Answer ️️ -Policyowners from mirepresentation and loss of benefits All Health Benefit Plans issued after January 1, 2014 must provide - Correct Answer ️️ -Preventative health services Which of these will have the highest monthly payout upon annuitization - Correct Answer ️️ -Straight life Which of the following is included in the entire contract according ti the entire contract provison? - Correct Answer ️️ -Clauses Which of the following is considered to be an alternative to a life settlement? - Correct Answer ️️ -Accelered death benefit rider With a scheduled dental policy, how are covered expense paid? - Correct Answer ️️ - Benefits are limited to a specific maximum dollar amount per procedure Coordination of benefits regulation applies to all of the following plans EXCEPT - Correct Answer ️️ -Preferred provider Organization plan Which approach predicts a person's earning potential and determines how much of that amount would be devoted to dependents? - Correct Answer ️️ -Human life value approach Which of the following policies does NOT build cash value? - Correct Answer ️️ -Term Which of these is a method of determining the level of funds required for ongoing support in the event of the breadwinner's death? - Correct Answer ️️ -Human life value The free look period provided in a life insurance policy is usually - Correct Answer ️️ - 10 days What does "SHOP" stand in SHOP Exchange? - Correct Answer ️️ -Small Business Health Options Program An employer is issued a group medical insurance policy. This single contract is known as a(n) - Correct Answer ️️ -master policy Which of the following is NOT covered under Workers' Compensation? - Correct Answer ️️ -Pain and suffering Which of the following provides Medicare supplement policies? - Correct Answer ️️ - Private insurance companies A life settlement intermediary is a(n) - Correct Answer ️️ -association which maintains a facility that displays offers and counteroffers for purchase