XCEL CHAPTER 5 EXAM 2025 QUESTIONS AND ANSWERS

XCEL CHAPTER 5 EXAM 2025
QUESTIONS AND ANSWERS



A non-contributory health insurance plan helps the insurer avoid?


A. adverse selection


B. state compliance


C. the underwriting process


D. tax deductions - ANS adverse selection




All of the following are characteristics of a Group Life Insurance Plan EXCEPT?


A. Group underwriting


B. Master contract


C. Individual underwriting


D. Probationary period - ANS Individual underwriting




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, What does the Group Life underwriting risk selection process help protect insurance companies

from?


A. Risk aversion


B. Natural selection


C. Adverse selection


D. Risk management - ANS Adverse selection




Tim is covered under a group plan and would like to change his group coverage to an individual

policy with the same insurer because of employment termination. Which of these describes the

change that will take place?


A. Coordination of benefits


B. Conversion


C. Extension of benefits


D. Rollover - ANS Conversion




The conversion privilege under a group life plan allows an employee to convert to a(n)?


A. family plan with another insurer


B. individual plan with another insurer that has better rates

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