1
Xcel Life Insurance Exam (Latest
2025/2026 Update) 150 Questions with
verified Answers| 100% Correct| Grade A.
Replacement regulation is designed to protect - (answers)Policyowners from
mirepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide -
(answers)Preventative health services
Which of these will have the highest monthly payout upon annuitization -
(answers)Straight life
Which of the following is included in the entire contract according ti the entire
contract provison? - (answers)Clauses
Which of the following is considered to be an alternative to a life settlement? -
(answers)Accelered death benefit rider
With a scheduled dental policy, how are covered expense paid? -
(answers)Benefits are limited to a specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans EXCEPT -
(answers)Preferred provider Organization plan
,2
Which approach predicts a person's earning potential and determines how much
of that amount would be devoted to dependents? - (answers)Human life value
approach
Which of the following policies does NOT build cash value? - (answers)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? - (answers)Human life value
The free look period provided in a life insurance policy is usually - (answers)10
days
What does "SHOP" stand in SHOP Exchange? - (answers)Small Business Health
Options Program
An employer is issued a group medical insurance policy. This single contract is
known as a(n) - (answers)master policy
Which of the following is NOT covered under Workers' Compensation? -
(answers)Pain and suffering
Which of the following provides Medicare supplement policies? - (answers)Private
insurance companies
, 3
A life settlement intermediary is a(n) - (answers)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? - (answers)Refund annuity
The is responsible for determining the appropriateness of a Medicare Supplement
policy for an applicant. - (answers)Agent
The purpose of the Coordination of Benefits provision in group accident and
health plans is to - (answers)avoid overpayment of claims
Medicaid is intended for - (answers)poverty stricken people
A provision that allows a policyowner to temporarily give up ownership rights to
secure a loan is called a(n) - (answers)collateral assignment
A disability policy where the premiums are due monthly require a grace period of
- (answers)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 - (answers)twisting
Xcel Life Insurance Exam (Latest
2025/2026 Update) 150 Questions with
verified Answers| 100% Correct| Grade A.
Replacement regulation is designed to protect - (answers)Policyowners from
mirepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide -
(answers)Preventative health services
Which of these will have the highest monthly payout upon annuitization -
(answers)Straight life
Which of the following is included in the entire contract according ti the entire
contract provison? - (answers)Clauses
Which of the following is considered to be an alternative to a life settlement? -
(answers)Accelered death benefit rider
With a scheduled dental policy, how are covered expense paid? -
(answers)Benefits are limited to a specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans EXCEPT -
(answers)Preferred provider Organization plan
,2
Which approach predicts a person's earning potential and determines how much
of that amount would be devoted to dependents? - (answers)Human life value
approach
Which of the following policies does NOT build cash value? - (answers)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? - (answers)Human life value
The free look period provided in a life insurance policy is usually - (answers)10
days
What does "SHOP" stand in SHOP Exchange? - (answers)Small Business Health
Options Program
An employer is issued a group medical insurance policy. This single contract is
known as a(n) - (answers)master policy
Which of the following is NOT covered under Workers' Compensation? -
(answers)Pain and suffering
Which of the following provides Medicare supplement policies? - (answers)Private
insurance companies
, 3
A life settlement intermediary is a(n) - (answers)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? - (answers)Refund annuity
The is responsible for determining the appropriateness of a Medicare Supplement
policy for an applicant. - (answers)Agent
The purpose of the Coordination of Benefits provision in group accident and
health plans is to - (answers)avoid overpayment of claims
Medicaid is intended for - (answers)poverty stricken people
A provision that allows a policyowner to temporarily give up ownership rights to
secure a loan is called a(n) - (answers)collateral assignment
A disability policy where the premiums are due monthly require a grace period of
- (answers)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 - (answers)twisting
