XCEL Exam Solutions

XCEL Exam Solutions A partial surrender is allowed in which of the following life policies? - Universal life All of the following riders can increase the death benefit amount EXCEPT - Waiver of Premium A health insurance policy where the insurer has the right to terminate the policy fr reasons other than the insureds health is called - Conditionally Renewable A proposed insured for a health insurance policy was treated for heart disease within the past year. When applying for health insurance, the heart disease treatment - Indicates a preexisting condition How do interest earnings accumulated in a deferred annuity - On a tax-deferred basis Which of the following statements is NOT true regarding a Critical Illness Plan - Coverage is limited to a single devastating disease Which of these is a TRUE statement regarding HIC's - HIC's operate on a prepayment basis James is insured on a life insurance policy where his age was misstated on the application. Which of the following is CORRECT regarding the death benefit amount? - The death benefit paid will be what the premium would have purchased at the correct age How son can the benefit payments begin with a deferred annuity? - A minimum of 12 months after date of purchase An individual covered under a Blue Cross Blue Shield plan is called a(n) - Participant The policyholder for a group health benefit plan is considered to be the - Employer Intentional withholding of material facts would affect an insurance policies validity is called a(n) - Concealment An example of a health insuring corporation (HIC) specialty care provider is a(n) - Neurologist Which of the following is NOT typically included under "hospital care" for most health insuring corporation (HIC) plans? - Private duty nursing An insurance producer is often responsible for field underwriting during the application process. All fo these are possible field underwriting roles EXCEPT - Providing commission information to the applicant All of these are considered sources of information that can assist an underwriter in determining whether or not to accept a risk EXCEPT - National Association of Insurance Underwriters What is the contract called that is issued to an employer for a Group Medical Insurance plan? - Master policy An example of a presumptive disability would be - deafness Which approach predicts a persons earning potential and determines how much of that amount would be devoted to dependents? - Human life value approach If the beneficiary dies from the same accident as the insured individual, the insurer will proceed as if - the insured outlived the beneficiary An insurer can exclude coverage for a preexisting condition on a Medicare Supplement policy for up to - 6 months Who provides all preventative and routine medical care given to a health insuring corporation (HIC) member? - Primary Care Physician Which of these is NOT a qualifying event for a Medicare? - Falling below the federal poverty level A plan in which an employer pays insurance benefits from a fund derived from the employers current revenues is called - A self - funded plan All of the following riders can increase the death benefit amount EXCEPT - Waiver of Premium A beneficiary change can occur: - Normally at any time during the policy term Maria is a PPO (preferred provider organization subscriber and received care from an out of networks provider. Which of the following is the likely