XCEL LIFE INSURANCE INDIANA FINAL EXAM NEWEST 2025 ACTUAL
EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+ // BRAND NEW!
Replacement regulation is designed to protect - ANSWER Policyowners from
mirepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide - ANSWER
Preventative health services
Which of these will have the highest monthly payout upon annuitization -
ANSWER Straight life
Which of the following is included in the entire contract according ti the entire
contract provison? - ANSWER Clauses
Which of the following is considered to be an alternative to a life settlement? -
ANSWER Accelered death benefit rider
With a scheduled dental policy, how are covered expense paid? - ANSWER
Benefits are limited to a specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans EXCEPT -
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? - ANSWER Human life value
approach
Which of the following policies does NOT build cash value? - 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? - ANSWER Human life value
The free look period provided in a life insurance policy is usually - ANSWER 10
days
What does "SHOP" stand in SHOP Exchange? - ANSWER Small Business Health
Options Program
An employer is issued a group medical insurance policy. This single contract is
known as a(n) - ANSWER master policy
Which of the following is NOT covered under Workers' Compensation? - ANSWER
Pain and suffering
Which of the following provides Medicare supplement policies? - ANSWER Private
insurance companies
A life settlement intermediary is a(n) - ANSWER association which maintains a
facility that displays offers and counteroffers for purchasers or sellers of life
settlement contracts
An annuitant dies during the distribution period. What kind of annunity will return
to a beneficiary the difference between the annunity value and the income
payment already made? - ANSWER Refund annuity
The is responsible for determining the appropriateness of a Medicare Supplement
policy for an applicant. - ANSWER Agent
The purpose of the Coordination of Benefits provision in group accident and
health plans is to - ANSWER avoid overpayment of claims
Medicaid is intended for - ANSWER poverty stricken people
, A provision that allows a policyowner to temporarily give up ownership rights to
secure a loan is called a(n) - ANSWER collateral assignment
A disability policy where the premiums are due monthly require a grace period of
- ANSWER 10 days
Tom the agent replaced a client's insurance policy when it was not in the client's
best interest. Tom could be found guilty of - ANSWER twisting
Which type of annuity stops all payments upon the death of the annuitant? -
ANSWER Life annuity
Decreasing term life insurance is often used to - ANSWER provide coverage for a
home mortgage
What does a life insurance policy guarantee to the stated beneficiary upon the
death of the insured? - ANSWER Specified amount of money
Major medical insurance will typically cover medical expenses that result from -
ANSWER a negative reaction to prescribed medication
The typical long-term care insurance policy is designed to provide a minimum
of__________ year(s) of coverage - ANSWER 1
The double indemnity provision in a life insurance policy pertains to an insured's
death caused by a(n) - ANSWER accident
Life insurance policies will normally pay for losses arising from - ANSWER
commercial aviation
EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+ // BRAND NEW!
Replacement regulation is designed to protect - ANSWER Policyowners from
mirepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide - ANSWER
Preventative health services
Which of these will have the highest monthly payout upon annuitization -
ANSWER Straight life
Which of the following is included in the entire contract according ti the entire
contract provison? - ANSWER Clauses
Which of the following is considered to be an alternative to a life settlement? -
ANSWER Accelered death benefit rider
With a scheduled dental policy, how are covered expense paid? - ANSWER
Benefits are limited to a specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans EXCEPT -
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? - ANSWER Human life value
approach
Which of the following policies does NOT build cash value? - 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? - ANSWER Human life value
The free look period provided in a life insurance policy is usually - ANSWER 10
days
What does "SHOP" stand in SHOP Exchange? - ANSWER Small Business Health
Options Program
An employer is issued a group medical insurance policy. This single contract is
known as a(n) - ANSWER master policy
Which of the following is NOT covered under Workers' Compensation? - ANSWER
Pain and suffering
Which of the following provides Medicare supplement policies? - ANSWER Private
insurance companies
A life settlement intermediary is a(n) - ANSWER association which maintains a
facility that displays offers and counteroffers for purchasers or sellers of life
settlement contracts
An annuitant dies during the distribution period. What kind of annunity will return
to a beneficiary the difference between the annunity value and the income
payment already made? - ANSWER Refund annuity
The is responsible for determining the appropriateness of a Medicare Supplement
policy for an applicant. - ANSWER Agent
The purpose of the Coordination of Benefits provision in group accident and
health plans is to - ANSWER avoid overpayment of claims
Medicaid is intended for - ANSWER poverty stricken people
, A provision that allows a policyowner to temporarily give up ownership rights to
secure a loan is called a(n) - ANSWER collateral assignment
A disability policy where the premiums are due monthly require a grace period of
- ANSWER 10 days
Tom the agent replaced a client's insurance policy when it was not in the client's
best interest. Tom could be found guilty of - ANSWER twisting
Which type of annuity stops all payments upon the death of the annuitant? -
ANSWER Life annuity
Decreasing term life insurance is often used to - ANSWER provide coverage for a
home mortgage
What does a life insurance policy guarantee to the stated beneficiary upon the
death of the insured? - ANSWER Specified amount of money
Major medical insurance will typically cover medical expenses that result from -
ANSWER a negative reaction to prescribed medication
The typical long-term care insurance policy is designed to provide a minimum
of__________ year(s) of coverage - ANSWER 1
The double indemnity provision in a life insurance policy pertains to an insured's
death caused by a(n) - ANSWER accident
Life insurance policies will normally pay for losses arising from - ANSWER
commercial aviation
