Xcel Life Insurance Exam (Latest 2025/2026
Update) 150 Questions with verified
Answers| 100% Correct| Grade A.
Question:
A life settlement intermediary is a(n)?
i,- i,- i,- i,- i,-
Answer:
association which maintains a facility that displays offers and
i,- i,- i,- i,- i,- i,- i,- i,- i,-
counteroffers for purchasers or sellers of life settlement contracts
i,- i,- i,- i,- i,- i,- i,- i,-
Question:
An annuitant dies during the distribution period. What kind of annunity
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
will return to a beneficiary the difference between the annunity value and
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
the income payment already made??
i,- i,- i,- i,-
Answer:
Refund annuity i,-
Question:
The is responsible for determining the appropriateness of a Medicare
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
Supplement policy for an applicant.? i,- i,- i,- i,-
Answer:
Agent
,Question:
The purpose of the Coordination of Benefits provision in group accident
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
and health plans is to?
i,- i,- i,- i,-
Answer:
avoid overpayment of claims
i,- i,- i,-
Question:
Medicaid is intended for? i,- i,- i,-
Answer:
poverty stricken people i,- i,-
Question:
A provision that allows a policyowner to temporarily give up ownership
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
rights to secure a loan is called a(n)?
i,- i,- i,- i,- i,- i,- i,-
Answer:
collateral assignment i,-
Question:
A disability policy where the premiums are due monthly require a grace
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
period of? i,-
Answer:
10 daysi,-
Question:
,Tom the agent replaced a client's insurance policy when it was not in the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
client's best interest. Tom could be found guilty of?
i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
twisting
Question:
Which type of annuity stops all payments upon the death of the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
annuitant??
Answer:
Life annuity
i,-
Question:
Decreasing term life insurance is often used to?
i,- i,- i,- i,- i,- i,- i,-
Answer:
provide coverage for a home mortgage
i,- i,- i,- i,- i,-
Question:
What does a life insurance policy guarantee to the stated beneficiary
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
upon the death of the insured??
i,- i,- i,- i,- i,-
Answer:
Specified amount of money i,- i,- i,-
Question:
Major medical insurance will typically cover medical expenses that result
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
from?
, Answer:
a negative reaction to prescribed medication
i,- i,- i,- i,- i,-
Question:
The typical long-term care insurance policy is designed to provide a
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
minimum of__________ year(s) of coverage?
i,- i,- i,- i,-
Answer:
1
Question:
The double indemnity provision in a life insurance policy pertains to an
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
insured's death caused by a(n)?
i,- i,- i,- i,-
Answer:
accident
Question:
Life insurance policies will normally pay for losses arising from?
i,- i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
commercial aviation i,-
Question:
The coverage, conditions, and limitations in the master policy of a group
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
contract can be found in which document??
i,- i,- i,- i,- i,- i,-
Answer:
Certificate of coverage and benefits
i,- i,- i,- i,-
Update) 150 Questions with verified
Answers| 100% Correct| Grade A.
Question:
A life settlement intermediary is a(n)?
i,- i,- i,- i,- i,-
Answer:
association which maintains a facility that displays offers and
i,- i,- i,- i,- i,- i,- i,- i,- i,-
counteroffers for purchasers or sellers of life settlement contracts
i,- i,- i,- i,- i,- i,- i,- i,-
Question:
An annuitant dies during the distribution period. What kind of annunity
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
will return to a beneficiary the difference between the annunity value and
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
the income payment already made??
i,- i,- i,- i,-
Answer:
Refund annuity i,-
Question:
The is responsible for determining the appropriateness of a Medicare
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
Supplement policy for an applicant.? i,- i,- i,- i,-
Answer:
Agent
,Question:
The purpose of the Coordination of Benefits provision in group accident
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
and health plans is to?
i,- i,- i,- i,-
Answer:
avoid overpayment of claims
i,- i,- i,-
Question:
Medicaid is intended for? i,- i,- i,-
Answer:
poverty stricken people i,- i,-
Question:
A provision that allows a policyowner to temporarily give up ownership
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
rights to secure a loan is called a(n)?
i,- i,- i,- i,- i,- i,- i,-
Answer:
collateral assignment i,-
Question:
A disability policy where the premiums are due monthly require a grace
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
period of? i,-
Answer:
10 daysi,-
Question:
,Tom the agent replaced a client's insurance policy when it was not in the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
client's best interest. Tom could be found guilty of?
i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
twisting
Question:
Which type of annuity stops all payments upon the death of the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
annuitant??
Answer:
Life annuity
i,-
Question:
Decreasing term life insurance is often used to?
i,- i,- i,- i,- i,- i,- i,-
Answer:
provide coverage for a home mortgage
i,- i,- i,- i,- i,-
Question:
What does a life insurance policy guarantee to the stated beneficiary
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
upon the death of the insured??
i,- i,- i,- i,- i,-
Answer:
Specified amount of money i,- i,- i,-
Question:
Major medical insurance will typically cover medical expenses that result
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
from?
, Answer:
a negative reaction to prescribed medication
i,- i,- i,- i,- i,-
Question:
The typical long-term care insurance policy is designed to provide a
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
minimum of__________ year(s) of coverage?
i,- i,- i,- i,-
Answer:
1
Question:
The double indemnity provision in a life insurance policy pertains to an
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
insured's death caused by a(n)?
i,- i,- i,- i,-
Answer:
accident
Question:
Life insurance policies will normally pay for losses arising from?
i,- i,- i,- i,- i,- i,- i,- i,- i,-
Answer:
commercial aviation i,-
Question:
The coverage, conditions, and limitations in the master policy of a group
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-
contract can be found in which document??
i,- i,- i,- i,- i,- i,-
Answer:
Certificate of coverage and benefits
i,- i,- i,- i,-
