XCEL Life and Health Insurance Test Review
Study online at https://quizlet.com/_4z07nw
1. Period Certain Which annuity payout option allows the policy owner to choose a pre-deter-
mined number of benefit payments?
2. Life only annuity Which annuity payout option has no additional payouts regardless of when
the annuitant dies
3. Errors and Omis- a professional liability for which producers can be sued for mistakes of putting
sions a policy into effect
4. irrevocable benefi- requires the beneficiary's signature for any change to the beneficiary
ciary
5. representations statements made by an insurance applicant on an application
6. a specified amount life insurance policies guarantee the beneficiary what upon the death of the
of money insured
7. Endodontics common exclusion on a dental policy
8. Home health care Which type of long-term care benefit would be most appropriate for a stroke
victim who requires speech therapy administered at her home?
9. March 23, 2010 According to the Affordable Care Act, any plan in existence prior to which date
is considered a grandfathered plan?
10. Social Security Which of the following is NOT a type of Medicare Advantage Plan?
Disability Income
(SSDI)
11. Preferred Provider Coordination of Benefits regulation applies to all of the following plans
Organization plan EXCEPT
(PPO)
12. 30 days
, XCEL Life and Health Insurance Test Review
Study online at https://quizlet.com/_4z07nw
Both long-term care insurance and Medicare Supplement policies may be
returned by the insured for a full refund within
13. Hospital Indemnity Which type of coverage pays an amount per day for hospitalization directly to
the insured regardless of the insured's other health insurance?
14. Limited Policies Low frequency diseases can be exclusively covered by what kind of health
insurance policies?
15. Work-related What type of injury would NOT be covered under a health insurance policy?
16. It would be consid- Without a Section 125 Plan in place, what would happen to an employee's
ered taxable income payroll contribution to an HSA?
to the employee
17. a policy that is paid A single premium cash value policy can be described as
up after only one
payment
18. Must have Medicare How does one become eligible for Part D: Prescription Drug coverage?
coverage
19. root canal An example of endodontic treatment is a
20. US Attorney General Under US Code 1033, crimes by or affecting persons engaged in the business
of insurance which affect interstate commerce are prosecuted by the
21. Mortality costs What would be an expense factor in an insurance program?
22. Insurer Which of the following signatures is not required on an individual insurance
application?
23. outpatient medical All of the following are defined as supplemental health insuring corporation
services (HIC) services EXCEPT
, XCEL Life and Health Insurance Test Review
Study online at https://quizlet.com/_4z07nw
24. upper limit of the to- "Maximum benefits" refers to the
tal lifetime benefits
the insurance com-
pany will pay
25. the beneficiary Signatures for an insurance application MUST be obtained by the producer
from all of the following sources EXCEPT
26. Coverage is elimi- What happens to the coverage under a children's term rider when that child
nated reaches a certain specified age?
27. increase the premi- Which of the following actions may an insurance company NOT do in a health
ums on an individ- policy that contains a guaranteed renewable premium benefit?
ual basis
28. issue a cease and When the superintendent believes an agent is causing substantial and ma-
desist order against terial harm, the superintendent has the authority to
the agent
29. A good health state- Upon policy delivery, which of the following must a producer have an appli-
ment cant sign if no initial premium was collected with the life insurance applica-
tion?
30. Hedge against infla- Index whole life insurance contains a securities component that acts as a(n)
tion
31. It provides benefits Which of the following statements regarding Group Disability Income insur-
for nonoccupation- ance is TRUE?
al illnesses and in-
juries
32. Employee must be Which of the following is NOT a federal requirement of a qualified plan?
able to make unlim-
ited contributions
Study online at https://quizlet.com/_4z07nw
1. Period Certain Which annuity payout option allows the policy owner to choose a pre-deter-
mined number of benefit payments?
2. Life only annuity Which annuity payout option has no additional payouts regardless of when
the annuitant dies
3. Errors and Omis- a professional liability for which producers can be sued for mistakes of putting
sions a policy into effect
4. irrevocable benefi- requires the beneficiary's signature for any change to the beneficiary
ciary
5. representations statements made by an insurance applicant on an application
6. a specified amount life insurance policies guarantee the beneficiary what upon the death of the
of money insured
7. Endodontics common exclusion on a dental policy
8. Home health care Which type of long-term care benefit would be most appropriate for a stroke
victim who requires speech therapy administered at her home?
9. March 23, 2010 According to the Affordable Care Act, any plan in existence prior to which date
is considered a grandfathered plan?
10. Social Security Which of the following is NOT a type of Medicare Advantage Plan?
Disability Income
(SSDI)
11. Preferred Provider Coordination of Benefits regulation applies to all of the following plans
Organization plan EXCEPT
(PPO)
12. 30 days
, XCEL Life and Health Insurance Test Review
Study online at https://quizlet.com/_4z07nw
Both long-term care insurance and Medicare Supplement policies may be
returned by the insured for a full refund within
13. Hospital Indemnity Which type of coverage pays an amount per day for hospitalization directly to
the insured regardless of the insured's other health insurance?
14. Limited Policies Low frequency diseases can be exclusively covered by what kind of health
insurance policies?
15. Work-related What type of injury would NOT be covered under a health insurance policy?
16. It would be consid- Without a Section 125 Plan in place, what would happen to an employee's
ered taxable income payroll contribution to an HSA?
to the employee
17. a policy that is paid A single premium cash value policy can be described as
up after only one
payment
18. Must have Medicare How does one become eligible for Part D: Prescription Drug coverage?
coverage
19. root canal An example of endodontic treatment is a
20. US Attorney General Under US Code 1033, crimes by or affecting persons engaged in the business
of insurance which affect interstate commerce are prosecuted by the
21. Mortality costs What would be an expense factor in an insurance program?
22. Insurer Which of the following signatures is not required on an individual insurance
application?
23. outpatient medical All of the following are defined as supplemental health insuring corporation
services (HIC) services EXCEPT
, XCEL Life and Health Insurance Test Review
Study online at https://quizlet.com/_4z07nw
24. upper limit of the to- "Maximum benefits" refers to the
tal lifetime benefits
the insurance com-
pany will pay
25. the beneficiary Signatures for an insurance application MUST be obtained by the producer
from all of the following sources EXCEPT
26. Coverage is elimi- What happens to the coverage under a children's term rider when that child
nated reaches a certain specified age?
27. increase the premi- Which of the following actions may an insurance company NOT do in a health
ums on an individ- policy that contains a guaranteed renewable premium benefit?
ual basis
28. issue a cease and When the superintendent believes an agent is causing substantial and ma-
desist order against terial harm, the superintendent has the authority to
the agent
29. A good health state- Upon policy delivery, which of the following must a producer have an appli-
ment cant sign if no initial premium was collected with the life insurance applica-
tion?
30. Hedge against infla- Index whole life insurance contains a securities component that acts as a(n)
tion
31. It provides benefits Which of the following statements regarding Group Disability Income insur-
for nonoccupation- ance is TRUE?
al illnesses and in-
juries
32. Employee must be Which of the following is NOT a federal requirement of a qualified plan?
able to make unlim-
ited contributions
