Xcel Life Insurance Exam Questions & Answers 2023/2024

Xcel Life Insurance Exam Questions & Answers 2023/2024 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 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