Xcel Life Insurance Exam Questions
and Answers 100% Pass
Replacement regulation is designed to protect - ✔✔Policyowners from
mirepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide - ✔✔Preventative
health services
Which of these will have the highest monthly payout upon annuitization - ✔✔Straight
life
Which of the following is included in the entire contract according ti the entire contract
provison? - ✔✔Clauses
Which of the following is considered to be an alternative to a life settlement? -
✔✔Accelered death benefit rider
With a scheduled dental policy, how are covered expense paid? - ✔✔Benefits are
limited to a specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans EXCEPT -
✔✔Preferred provider Organization plan
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,Which approach predicts a person's earning potential and determines how much of that
amount would be devoted to dependents? - ✔✔Human life value approach
Which of the following policies does NOT build cash value? - ✔✔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? - ✔✔Human life value
The free look period provided in a life insurance policy is usually - ✔✔10 days
What does "SHOP" stand in SHOP Exchange? - ✔✔Small Business Health Options
Program
An employer is issued a group medical insurance policy. This single contract is known
as a(n) - ✔✔master policy
Which of the following is NOT covered under Workers' Compensation? - ✔✔Pain and
suffering
Which of the following provides Medicare supplement policies? - ✔✔Private insurance
companies
A life settlement intermediary is a(n) - ✔✔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? - ✔✔Refund annuity
EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 2
, The is responsible for determining the appropriateness of a Medicare Supplement
policy for an applicant. - ✔✔Agent
The purpose of the Coordination of Benefits provision in group accident and health
plans is to - ✔✔avoid overpayment of claims
Medicaid is intended for - ✔✔poverty stricken people
A provision that allows a policyowner to temporarily give up ownership rights to
secure a loan is called a(n) - ✔✔collateral assignment
A disability policy where the premiums are due monthly require a grace period of -
✔✔10 days
Tom the agent replaced a client's insurance policy when it was not in the client's best
interest. Tom could be found guilty of - ✔✔twisting
Which type of annuity stops all payments upon the death of the annuitant? - ✔✔Life
annuity
Decreasing term life insurance is often used to - ✔✔provide coverage for a home
mortgage
What does a life insurance policy guarantee to the stated beneficiary upon the death of
the insured? - ✔✔Specified amount of money
EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 3
and Answers 100% Pass
Replacement regulation is designed to protect - ✔✔Policyowners from
mirepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide - ✔✔Preventative
health services
Which of these will have the highest monthly payout upon annuitization - ✔✔Straight
life
Which of the following is included in the entire contract according ti the entire contract
provison? - ✔✔Clauses
Which of the following is considered to be an alternative to a life settlement? -
✔✔Accelered death benefit rider
With a scheduled dental policy, how are covered expense paid? - ✔✔Benefits are
limited to a specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans EXCEPT -
✔✔Preferred provider Organization plan
EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 1
,Which approach predicts a person's earning potential and determines how much of that
amount would be devoted to dependents? - ✔✔Human life value approach
Which of the following policies does NOT build cash value? - ✔✔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? - ✔✔Human life value
The free look period provided in a life insurance policy is usually - ✔✔10 days
What does "SHOP" stand in SHOP Exchange? - ✔✔Small Business Health Options
Program
An employer is issued a group medical insurance policy. This single contract is known
as a(n) - ✔✔master policy
Which of the following is NOT covered under Workers' Compensation? - ✔✔Pain and
suffering
Which of the following provides Medicare supplement policies? - ✔✔Private insurance
companies
A life settlement intermediary is a(n) - ✔✔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? - ✔✔Refund annuity
EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 2
, The is responsible for determining the appropriateness of a Medicare Supplement
policy for an applicant. - ✔✔Agent
The purpose of the Coordination of Benefits provision in group accident and health
plans is to - ✔✔avoid overpayment of claims
Medicaid is intended for - ✔✔poverty stricken people
A provision that allows a policyowner to temporarily give up ownership rights to
secure a loan is called a(n) - ✔✔collateral assignment
A disability policy where the premiums are due monthly require a grace period of -
✔✔10 days
Tom the agent replaced a client's insurance policy when it was not in the client's best
interest. Tom could be found guilty of - ✔✔twisting
Which type of annuity stops all payments upon the death of the annuitant? - ✔✔Life
annuity
Decreasing term life insurance is often used to - ✔✔provide coverage for a home
mortgage
What does a life insurance policy guarantee to the stated beneficiary upon the death of
the insured? - ✔✔Specified amount of money
EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 3
