Xcel solutions final exam

Xcel solutions final exam/Answered/A+ Rated Insuring Which health policy clause specifies the amount of benefits to be paid Insuring The investment gains from a universal life policy usually go to The cash value L takes out a life insurance policy and dies 10 years later. During the claim process, the insurer finds out that the applicant misstated their age. What will the insurer do? Adjust the death benefit to a reduced amount An employee is covered under a company group life plan with a $50,000 death benefit. What is the Maximum amount a spouse may be insured for under this program $25,000 M is insured under a basic hospital/surgical expense policy. A physician performs surgery on M. What determines the claim M is eligible for Determined by the terms of the policy A(n)__-_-_-_-_-_-_-_ beneficiary may be changed by the policy owner without the consent of the beneficiary Revocable What is the MINIMUM benefit period that must be offered by a long term care policy 12 months To terminate an agent's appointment, an insurance company must Send termination notice to the Texas Department of Insurance An agent gives a conditional receipt to a client for an insurance policy after collecting the initial premium. When will the policy become effective? When the conditions of the receipt are met Which of the following costs would a Basic Hospital/Surgical policy cover? Surgically removing a facial birthmark Which of the following statements is CORRECT about an agent who is taking an insurance application The agent should have the applicant initial any changes made on the application Which statement is true about a whole life policy Cash value may be borrowed against How long does an insurance company appointment remain in force Until terminated Which of the following statements about health coverage for newborns is NOT true? Coverage is LIMITED to only congenital defects Medicare Part A and Part B do NOT pay for Dental care An insurance company receives E's application for an individual health policy. E did not complete all of the medical history questions because she could not remember the exact dates. E signed the policy and submitted it to the insurance company anyway. A few weeks later, E suffers a heart attack and is hospitalized without completing the medical history questions and paying the initial premium. E is not insured. Which of the following clauses details the conditions that E did not meet? Consideration clause The percentage of an individuals primary insurance amount determines the benefits paid in which of the following programs Social Security Disability Income Q is severely injured in an automobile accident and becomes totally disabled. How many months must Q be disabled before being able to apply for Social Security disability benefits? 5 months After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms File written proof of loss Which of the following types of care is typically not covered in a long term care policy