XCEL LIFE INSURANCE EXAM
QUESTIONS AND DETAILED ANSWERS.
EXPERT VERIFIED FOR GUARANTEED
PASS.
Replacement regulation is designed to protect - ANS Policyowners from mirepresentation
and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide - ANS Preventative health
services
Which of these will have the highest monthly payout upon annuitization - ANS Straight life
Which of the following is included in the entire contract according ti the entire contract
provison? - ANS Clauses
Which of the following is considered to be an alternative to a life settlement? -
ANS Accelered death benefit rider
With a scheduled dental policy, how are covered expense paid? - ANS Benefits are limited to
a specific maximum dollar amount per procedure
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
,Coordination of benefits regulation applies to all of the following plans EXCEPT -
ANS Preferred provider Organization plan
Which approach predicts a person's earning potential and determines how much of that
amount would be devoted to dependents? - ANS Human life value approach
Which of the following policies does NOT build cash value? - ANS 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? - ANS Human life value
The free look period provided in a life insurance policy is usually - ANS 10 days
What does "SHOP" stand in SHOP Exchange? - ANS Small Business Health Options Program
An employer is issued a group medical insurance policy. This single contract is known as a(n) -
ANS master policy
Which of the following is NOT covered under Workers' Compensation? - ANS Pain and
suffering
Which of the following provides Medicare supplement policies? - ANS Private insurance
companies
A life settlement intermediary is a(n) - ANS association which maintains a facility that
displays offers and counteroffers for purchasers or sellers of life settlement contracts
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, 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?
- ANS Refund annuity
The is responsible for determining the appropriateness of a Medicare Supplement policy for an
applicant. - ANS Agent
The purpose of the Coordination of Benefits provision in group accident and health plans is to -
ANS avoid overpayment of claims
Medicaid is intended for - ANS poverty stricken people
A provision that allows a policyowner to temporarily give up ownership rights to secure a loan
is called a(n) - ANS collateral assignment
A disability policy where the premiums are due monthly require a grace period of - ANS 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 - ANS twisting
Which type of annuity stops all payments upon the death of the annuitant? - ANS Life
annuity
Decreasing term life insurance is often used to - ANS provide coverage for a home mortgage
What does a life insurance policy guarantee to the stated beneficiary upon the death of the
insured? - ANS Specified amount of money
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
QUESTIONS AND DETAILED ANSWERS.
EXPERT VERIFIED FOR GUARANTEED
PASS.
Replacement regulation is designed to protect - ANS Policyowners from mirepresentation
and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide - ANS Preventative health
services
Which of these will have the highest monthly payout upon annuitization - ANS Straight life
Which of the following is included in the entire contract according ti the entire contract
provison? - ANS Clauses
Which of the following is considered to be an alternative to a life settlement? -
ANS Accelered death benefit rider
With a scheduled dental policy, how are covered expense paid? - ANS Benefits are limited to
a specific maximum dollar amount per procedure
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
,Coordination of benefits regulation applies to all of the following plans EXCEPT -
ANS Preferred provider Organization plan
Which approach predicts a person's earning potential and determines how much of that
amount would be devoted to dependents? - ANS Human life value approach
Which of the following policies does NOT build cash value? - ANS 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? - ANS Human life value
The free look period provided in a life insurance policy is usually - ANS 10 days
What does "SHOP" stand in SHOP Exchange? - ANS Small Business Health Options Program
An employer is issued a group medical insurance policy. This single contract is known as a(n) -
ANS master policy
Which of the following is NOT covered under Workers' Compensation? - ANS Pain and
suffering
Which of the following provides Medicare supplement policies? - ANS Private insurance
companies
A life settlement intermediary is a(n) - ANS association which maintains a facility that
displays offers and counteroffers for purchasers or sellers of life settlement contracts
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, 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?
- ANS Refund annuity
The is responsible for determining the appropriateness of a Medicare Supplement policy for an
applicant. - ANS Agent
The purpose of the Coordination of Benefits provision in group accident and health plans is to -
ANS avoid overpayment of claims
Medicaid is intended for - ANS poverty stricken people
A provision that allows a policyowner to temporarily give up ownership rights to secure a loan
is called a(n) - ANS collateral assignment
A disability policy where the premiums are due monthly require a grace period of - ANS 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 - ANS twisting
Which type of annuity stops all payments upon the death of the annuitant? - ANS Life
annuity
Decreasing term life insurance is often used to - ANS provide coverage for a home mortgage
What does a life insurance policy guarantee to the stated beneficiary upon the death of the
insured? - ANS Specified amount of money
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
