Xcel solutions final exam Questions and Answers 100% Pass

Xcel solutions final exam Questions and Answers 100% Pass Insuring Which health policy clause specifies the amount of benefits to be paid - Correct Answer ️️ -Insuring The investment gains from a universal life policy usually go to - Correct 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? - Correct 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 - Correct 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 - Correct Answer ️️ - Determined by the terms of the policy A(n)__-_-_-_-_-_-_-_ beneficiary may be changed by the policy owner without the consent of the beneficiary - Correct Answer ️️ -Revocable What is the MINIMUM benefit period that must be offered by a long term care policy - Correct Answer ️️ -12 months To terminate an agent's appointment, an insurance company must - Correct 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? - Correct Answer ️️ -When the conditions of the receipt are met Which of the following costs would a Basic Hospital/Surgical policy cover? - Correct Answer ️️ -Surgically removing a facial birthmark Which of the following statements is CORRECT about an agent who is taking an insurance application - Correct Answer ️️ -The agent should have the applicant initial any changes made on the application Which statement is true about a whole life policy - Correct