Xcel Life Insurance Exam Questions and Answers Rated A
Replacement regulation is designed to protect -
ANSWER -Policyowners from
mirepresentation and loss of benefits Which of these is a method of determining the
level of funds required for ongoing support in the
event of the breadwinner's death? -
All Health Benefit Plans issued after January 1, ANSWER -Human life value
2014 must provide - ANSWER -
Preventative health services
The free look period provided in a life insurance
policy is usually - ANSWER -10 days
Which of these will have the highest monthly
payout upon annuitization - ANSWER -
Straight life What does "SHOP" stand in SHOP Exchange? -
ANSWER -Small Business Health Options
Program
Which of the following is included in the entire
contract according ti the entire contract provison?
- ANSWER -Clauses An employer is issued a group medical insurance
policy. This single contract is known as a(n) -
ANSWER -master policy
Which of the following is considered to be an
alternative to a life settlement? -
ANSWER -Accelered death benefit rider Which of the following is NOT covered under
Workers' Compensation? - ANSWER -Pain
and suffering
With a scheduled dental policy, how are covered
expense paid? - ANSWER -Benefits are
limited to a specific maximum dollar amount per Which of the following provides Medicare
procedure supplement policies? - ANSWER -Private
insurance companies
Coordination of benefits regulation applies to all
of the following plans EXCEPT - A life settlement intermediary is a(n) -
ANSWER -Preferred provider Organization ANSWER -association which maintains a
plan facility that displays offers and counteroffers for
purchasers or sellers of life settlement contracts
Which approach predicts a person's earning
potential and determines how much of that An annuitant dies during the distribution period.
amount would be devoted to dependents? - What kind of annunity will return to a beneficiary
ANSWER -Human life value approach the difference between the annunity value and
the income payment already made? -
ANSWER -Refund annuity
Which of the following policies does NOT build
cash value? - ANSWER -Term
, Xcel Life Insurance Exam Questions and Answers Rated A
The is responsible for determining the
appropriateness of a Medicare Supplement
policy for an applicant. - ANSWER -Agent Major medical insurance will typically cover
medical expenses that result from -
ANSWER -a negative reaction to prescribed
The purpose of the Coordination of Benefits medication
provision in group accident and health plans is to
- ANSWER -avoid overpayment of claims
The typical long-term care insurance policy is
designed to provide a minimum of__________
Medicaid is intended for - ANSWER - year(s) of coverage - ANSWER -1
poverty stricken people
The double indemnity provision in a life insurance
A provision that allows a policyowner to policy pertains to an insured's death caused by
temporarily give up ownership rights to secure a a(n) - ANSWER -accident
loan is called a(n) - ANSWER -collateral
assignment
Life insurance policies will normally pay for
losses arising from - ANSWER -commercial
A disability policy where the premiums are due aviation
monthly require a grace period of -
ANSWER -10 days
The coverage, conditions, and limitations in the
master policy of a group contract can be found in
Tom the agent replaced a client's insurance which document? - ANSWER -Certificate of
policy when it was not in the client's best interest. coverage and benefits
Tom could be found guilty of - ANSWER -
twisting
Which type of long-term care benefit would be
most appropriate for a stroke victim who requires
Which type of annuity stops all payments upon speech therapy administered at her home? -
the death of the annuitant? - ANSWER - ANSWER -Home health care
Life annuity
A disability policyowner is injured and becomes
Decreasing term life insurance is often used to - totally disabled. The benefits pay for 2 years,
ANSWER -provide coverage for a home starting from the date of the injury. What is this
mortgage time period called? - ANSWER -Benefit
period
What does a life insurance policy guarantee to
the stated beneficiary upon the death of the Under the Affordable Care Act, how would a
insured? - ANSWER -Specified amount of grandfathered health plan lose its grandfathered
money status? - ANSWER -The insurer
Replacement regulation is designed to protect -
ANSWER -Policyowners from
mirepresentation and loss of benefits Which of these is a method of determining the
level of funds required for ongoing support in the
event of the breadwinner's death? -
All Health Benefit Plans issued after January 1, ANSWER -Human life value
2014 must provide - ANSWER -
Preventative health services
The free look period provided in a life insurance
policy is usually - ANSWER -10 days
Which of these will have the highest monthly
payout upon annuitization - ANSWER -
Straight life What does "SHOP" stand in SHOP Exchange? -
ANSWER -Small Business Health Options
Program
Which of the following is included in the entire
contract according ti the entire contract provison?
- ANSWER -Clauses An employer is issued a group medical insurance
policy. This single contract is known as a(n) -
ANSWER -master policy
Which of the following is considered to be an
alternative to a life settlement? -
ANSWER -Accelered death benefit rider Which of the following is NOT covered under
Workers' Compensation? - ANSWER -Pain
and suffering
With a scheduled dental policy, how are covered
expense paid? - ANSWER -Benefits are
limited to a specific maximum dollar amount per Which of the following provides Medicare
procedure supplement policies? - ANSWER -Private
insurance companies
Coordination of benefits regulation applies to all
of the following plans EXCEPT - A life settlement intermediary is a(n) -
ANSWER -Preferred provider Organization ANSWER -association which maintains a
plan facility that displays offers and counteroffers for
purchasers or sellers of life settlement contracts
Which approach predicts a person's earning
potential and determines how much of that An annuitant dies during the distribution period.
amount would be devoted to dependents? - What kind of annunity will return to a beneficiary
ANSWER -Human life value approach the difference between the annunity value and
the income payment already made? -
ANSWER -Refund annuity
Which of the following policies does NOT build
cash value? - ANSWER -Term
, Xcel Life Insurance Exam Questions and Answers Rated A
The is responsible for determining the
appropriateness of a Medicare Supplement
policy for an applicant. - ANSWER -Agent Major medical insurance will typically cover
medical expenses that result from -
ANSWER -a negative reaction to prescribed
The purpose of the Coordination of Benefits medication
provision in group accident and health plans is to
- ANSWER -avoid overpayment of claims
The typical long-term care insurance policy is
designed to provide a minimum of__________
Medicaid is intended for - ANSWER - year(s) of coverage - ANSWER -1
poverty stricken people
The double indemnity provision in a life insurance
A provision that allows a policyowner to policy pertains to an insured's death caused by
temporarily give up ownership rights to secure a a(n) - ANSWER -accident
loan is called a(n) - ANSWER -collateral
assignment
Life insurance policies will normally pay for
losses arising from - ANSWER -commercial
A disability policy where the premiums are due aviation
monthly require a grace period of -
ANSWER -10 days
The coverage, conditions, and limitations in the
master policy of a group contract can be found in
Tom the agent replaced a client's insurance which document? - ANSWER -Certificate of
policy when it was not in the client's best interest. coverage and benefits
Tom could be found guilty of - ANSWER -
twisting
Which type of long-term care benefit would be
most appropriate for a stroke victim who requires
Which type of annuity stops all payments upon speech therapy administered at her home? -
the death of the annuitant? - ANSWER - ANSWER -Home health care
Life annuity
A disability policyowner is injured and becomes
Decreasing term life insurance is often used to - totally disabled. The benefits pay for 2 years,
ANSWER -provide coverage for a home starting from the date of the injury. What is this
mortgage time period called? - ANSWER -Benefit
period
What does a life insurance policy guarantee to
the stated beneficiary upon the death of the Under the Affordable Care Act, how would a
insured? - ANSWER -Specified amount of grandfathered health plan lose its grandfathered
money status? - ANSWER -The insurer
