1|Page
XCEL LIFE INSURANCE EXAM ACTUAL EXAM
LATELY UPDATED QUESTIONS AND 100%
CORRECT ANSWERS WITH A GUARANTEED
A+|| 2025-2026 LATEST AND COMPLETE UPDATE
WITH VERIFIED SOLUTIONS|| GUARANTEED
PASS!!
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
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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
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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
XCEL LIFE INSURANCE EXAM ACTUAL EXAM
LATELY UPDATED QUESTIONS AND 100%
CORRECT ANSWERS WITH A GUARANTEED
A+|| 2025-2026 LATEST AND COMPLETE UPDATE
WITH VERIFIED SOLUTIONS|| GUARANTEED
PASS!!
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
,2|Page
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
, 3|Page
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
