Xcel

XCEL TEST LIFE & HEALTH EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED A policy that becomes a Modified Endowment Contract (MEC): will loose many of its tax advantages All of these are characteristics of an Adjustable Life policy, EXCEPT: face amount can be adjusted using policy dividends The most important factor to consider when determining whether to convert term insurance at the insured's attained age or the insured's original age is: the cost F needs life insurance that provi...

XCEL CHAPTER 13 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED An example of a presumptive disability would be A. a stroke B. deafness C. diabetes D. cancer deafness Tom has a rider on his disability income policy that guarantees the right to increase his benefits without a medical exam. What kind of rider is this? A. Waiver of premium rider B. Guaranteed benefit rider C. Payor benefit rider D. Guaranteed insurability rider Guaranteed insurability rider Which type of disabilit...

XCEL CHAPTER 17 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED AND GRADED A+ Which of these characteristics of an applicant is NOT taken into consideration when assessing risk for Disability coverage? A. health of applicant B. gender of applicant C. number of children D. occupation of applicant number of children Which of the following is a requirement for ANY change in an insurance application? A. Change must be initialed by the agent B. Change must be initialed by the applicant C....

XCEL CHAPTER 11 -EXAM QUESTIONS AND ANSWERS GRADED A+ If there is suspicion of an unauthorized person engaging in insurance business without being licensed. When may the commissioner issue an emergency cease and desist order? Reviewing and approving license applications Which of the following is a duty of the commissioner? The licensee's total premiums on controlled business exceeded the total premiums on all other business. A license is deemed to be used for controlled business if duri...

XCEL CHAPTER 12 ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS AND VERIFIED ANSWERS GRADED A+ All of the following doctors provide primary care to health insuring corporation (HIC) members EXCEPT? A. Internists B. Surgeons C. General practitioners D. Pediatricians Surgeons Donna and Mary were racing bicycles in a store parking lot while being cheered on by fellow employees. Mary ran into John, another employee, who happened to be taking out the garbage. Both Mary and John are injured. Wh...

XCEL FINAL EXAM 2024 QUESTIONS AND VERIFIED CORRECT ANSWERS LATEST UPDATE 100% RATED FOR PASS GRADED A+ Typically, Long-Term Disability benefits are coordinated with which benefit plan? Social Security The focus of major medical insurance is providing coverage for medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? $200 beca...

XCEL CHAPTER 15 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ Continuous 24-hour care provided by licensed medical professionals under the direct supervision of a physician is called A. adult day care B. home health care C. skilled nursing care D. custodial care skilled nursing care Long-Term Care policies may provide coverage for claims arising from A. senile dementia B. acute care in hospital C. alcoholism D. drug addiction senile dementia Which of the following stat...

XCEL CHAPTER 7 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ When does a life insurance policy typically become effective? A. When the policy is issued B. When initial premium is collected and policy is issued C. When the application is completed and signed D. When the completed application is signed and initial premium is collected When initial premium is collected and policy is issued What is the purpose of the Medical Information Bureau (MIB)? A. To accept or decline i...

XCEL CHAPTER 6 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ A life insurance claim which involves a per capita distribution of policy proceeds would be payable to the? A. estate of the insured only B. estate of the deceased beneficiaries only C. named contingent beneficiaries only D. named living primary beneficiaries named living primary beneficiaries Mortality is calculated by using a large risk pool of? A. hobbies and time B. people and time C. family history and geog...

XCEL CHAPTER 9 EXAM QUESTIONS WITH COMPLETE VERIFIED SOLUTIONS LATEST UPDATE Kathy's annuity is currently experiencing tax-deferred growth until she retires. Which phase is this annuity in? A. Payout period B. Accumulation period C. Deferred period D. Growth period Accumulation period Maria would like an annuity that provides a guaranteed accumulation or payout. The type of annuity she is seeking is called? variable payout fixed accumulation interest guaranteed annuity certain Ann...