Oklahoma Life And Health Xcel Final
Exam With 100% Correct And Verified
Answers
Howilongidoesioneipremiumipaymenticoveriiniaipremi
umiwholeilifeipolicyi-iCorrectiAnswer-
Fullilifeiofitheipolicy
Theiowneriofiaisingleipremiumideferrediannuityi(SPD
A)i-iCorrectiAnswer-
Makesionlyioneipremiumipayment
Scottihasiailifeiinsuranceipolicyiiniwhichitheidividend
siareileftiwithitheiinsuranceicompany.iThisiparticulari
policyimayibeipaidiupiwhenitheicashivalueiplusiaccum
ulatedidividendsi-iCorrectiAnswer-
equalitheinetisingleipremiumiforitheisameifaceiamou
ntiatitheiinsured'siattainediage
WhichistatementiconcerningitheiEntireiContractipro
visioniinianiindividualiaccidentiandihealthiinsurancei
policyiisitruei-iCorrectiAnswer-
Theiagentidoesn'tihaveitheiauthorityitoichangeitheipo
licyioriwaiveiitsiprovisions
Whoinormallyipaysitheipremiumsiforigroupicreditilife
iinsurance?i-iCorrectiAnswer-borrower
Uponireachingiage___,iMedicareisupplementicoverag
eiisiofferedioniaiguaranteed-
issuedibasisiduringitheiopenienrollmentiperiodi-
iCorrectiAnswer-65
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
,WhichiofitheseiisiNOTiaitrueistatementiofitheiwariexcl
usion?i-iCorrectiAnswer-Civiliinsurrectionsiapply
AilicenseiisiNOTirequirediwheniyouiarei-
iCorrectiAnswer-providingireferrals
AniinsuranceiproduceriisiBESTidefinediasi-
iCorrectiAnswer-
aipersoniwhoihasiaicontractiwithianiinsuranceicompa
nyitoirepresentiit
WhichiofitheifollowingiactionsibyiaiproduceriwouldiN
OTiresultiiniailicenseisuspensioniorirevocationi-
iCorrectiAnswer-
Producingianiinadequateiamountiofinewipremium
AismalliemployeriiniOklahomaimayiNOTiconsistiofimo
reithan___ieligibleiemployeesi-iCorrectiAnswer-50
WhichiofitheifollowingiisiNOTitrueiofiparticipantsiini
multiple-employeritrustsi-iCorrectiAnswer-
Participantsimustipurchaseiallicoveragesitheitrustioff
ers
PeriodicihealthiclaimipaymentsiMUSTibeimadeiatilea
sti-iCorrectiAnswer-Monthly
Whatihappensitoideathibenefitiofiailifeiinsuranceipoli
cyiifitheiinsuredielectsiaipartialipaymentifromitheiacc
eleratedi(living)ibenefitiprovision?i-iCorrectiAnswer-
Reduced
Theistandardiprovisioniofianiaccidentiandihealthiinsu
ranceipolicyirequireithatithei-iCorrectiAnswer-
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
, Policy,iendorsement,iandiattachedipapersiconstitutei
thei"entireicontract"
Danihasiaimajorimedicaliexpenseipolicyiwithiai$200id
eductibleiandiani80/20icoinsuranceiprovision.iHeiinc
ursicoveredimedicaliexpensesiofi$100iiniNovemberia
ndi$400iiniJanuary.iUnderitheicarryoveriprovision,iwh
atiwillitheiinsureripay?i-iCorrectiAnswer-$240
Theipromiseiofiaidiscountiinipremiumiasianiinduceme
ntitoipurchaseiinsuranceiisiknowniasi-
iCorrectiAnswer-Rebating
Aicharacteristiciofipreferrediprovideriorganizationsi(
PPO)iisi-iCorrectiAnswer-
IfiserviceiisiobtainedioutsideitheiPPO,ibenefitsiareired
ucediandicostsiincrease
Whichiofitheseiisiaivalidireasoniforianiinsurer'sicancel
lationiofiaiMedicareisupplementipolicyi-
iCorrectiAnswer-Non-paymentiofipremium
Whenidoesitheiproducerigiveiaipremiumireceiptiforiail
ifeiinsuranceiapplication?i-iCorrectiAnswer-
Whenitheiinitialipremiumihasibeenipaidiwithitheiappl
ication
Whatiisitheifaceiamountiofiai$50,000igradedideathibe
nefitilifeiinsuranceipolicyiwhenitheipolicyiisiissued?i-
iCorrectiAnswer-
Underi$50,000,ibutiincreasesiannuallyiuntilifullyiinsu
red
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Exam With 100% Correct And Verified
Answers
Howilongidoesioneipremiumipaymenticoveriiniaipremi
umiwholeilifeipolicyi-iCorrectiAnswer-
Fullilifeiofitheipolicy
Theiowneriofiaisingleipremiumideferrediannuityi(SPD
A)i-iCorrectiAnswer-
Makesionlyioneipremiumipayment
Scottihasiailifeiinsuranceipolicyiiniwhichitheidividend
siareileftiwithitheiinsuranceicompany.iThisiparticulari
policyimayibeipaidiupiwhenitheicashivalueiplusiaccum
ulatedidividendsi-iCorrectiAnswer-
equalitheinetisingleipremiumiforitheisameifaceiamou
ntiatitheiinsured'siattainediage
WhichistatementiconcerningitheiEntireiContractipro
visioniinianiindividualiaccidentiandihealthiinsurancei
policyiisitruei-iCorrectiAnswer-
Theiagentidoesn'tihaveitheiauthorityitoichangeitheipo
licyioriwaiveiitsiprovisions
Whoinormallyipaysitheipremiumsiforigroupicreditilife
iinsurance?i-iCorrectiAnswer-borrower
Uponireachingiage___,iMedicareisupplementicoverag
eiisiofferedioniaiguaranteed-
issuedibasisiduringitheiopenienrollmentiperiodi-
iCorrectiAnswer-65
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
,WhichiofitheseiisiNOTiaitrueistatementiofitheiwariexcl
usion?i-iCorrectiAnswer-Civiliinsurrectionsiapply
AilicenseiisiNOTirequirediwheniyouiarei-
iCorrectiAnswer-providingireferrals
AniinsuranceiproduceriisiBESTidefinediasi-
iCorrectiAnswer-
aipersoniwhoihasiaicontractiwithianiinsuranceicompa
nyitoirepresentiit
WhichiofitheifollowingiactionsibyiaiproduceriwouldiN
OTiresultiiniailicenseisuspensioniorirevocationi-
iCorrectiAnswer-
Producingianiinadequateiamountiofinewipremium
AismalliemployeriiniOklahomaimayiNOTiconsistiofimo
reithan___ieligibleiemployeesi-iCorrectiAnswer-50
WhichiofitheifollowingiisiNOTitrueiofiparticipantsiini
multiple-employeritrustsi-iCorrectiAnswer-
Participantsimustipurchaseiallicoveragesitheitrustioff
ers
PeriodicihealthiclaimipaymentsiMUSTibeimadeiatilea
sti-iCorrectiAnswer-Monthly
Whatihappensitoideathibenefitiofiailifeiinsuranceipoli
cyiifitheiinsuredielectsiaipartialipaymentifromitheiacc
eleratedi(living)ibenefitiprovision?i-iCorrectiAnswer-
Reduced
Theistandardiprovisioniofianiaccidentiandihealthiinsu
ranceipolicyirequireithatithei-iCorrectiAnswer-
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
, Policy,iendorsement,iandiattachedipapersiconstitutei
thei"entireicontract"
Danihasiaimajorimedicaliexpenseipolicyiwithiai$200id
eductibleiandiani80/20icoinsuranceiprovision.iHeiinc
ursicoveredimedicaliexpensesiofi$100iiniNovemberia
ndi$400iiniJanuary.iUnderitheicarryoveriprovision,iwh
atiwillitheiinsureripay?i-iCorrectiAnswer-$240
Theipromiseiofiaidiscountiinipremiumiasianiinduceme
ntitoipurchaseiinsuranceiisiknowniasi-
iCorrectiAnswer-Rebating
Aicharacteristiciofipreferrediprovideriorganizationsi(
PPO)iisi-iCorrectiAnswer-
IfiserviceiisiobtainedioutsideitheiPPO,ibenefitsiareired
ucediandicostsiincrease
Whichiofitheseiisiaivalidireasoniforianiinsurer'sicancel
lationiofiaiMedicareisupplementipolicyi-
iCorrectiAnswer-Non-paymentiofipremium
Whenidoesitheiproducerigiveiaipremiumireceiptiforiail
ifeiinsuranceiapplication?i-iCorrectiAnswer-
Whenitheiinitialipremiumihasibeenipaidiwithitheiappl
ication
Whatiisitheifaceiamountiofiai$50,000igradedideathibe
nefitilifeiinsuranceipolicyiwhenitheipolicyiisiissued?i-
iCorrectiAnswer-
Underi$50,000,ibutiincreasesiannuallyiuntilifullyiinsu
red
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol