XCEL FINAL NEWELY EXAM 2025 WITH
MULTIPLE CHOICE OF QUESTIONS AND
VERIFIED SOLUTIONS ALREADY GRADED A+
AND 100% GUARANTEE PASS (BRAND NEW!!!!)
An insured has a health plan that pays established amounts in
accordance with a list of injuries, surgical procedures, or other
losses. This list is called a - CORRECT ANSWER-benefit schedule
benefits schedule set predetermined limits or maximums on how
much money and insured can be reimbursed for a covered loss.
Who is the individual paid on a fee-for-service basis? - CORRECT
ANSWER-Provider
Which of the following is NOT an illegal inducement? - CORRECT
ANSWER-Giving the insured an article of merchandise printed with
the producer's name costing $5
$5 or less of tokens or merchandise to applicants is allowed.
Making a statement that is false or maliciously critical of the
financial condition of an insurer is known as - CORRECT ANSWER-
defamation
,Which of the following is NOT a required provision in an accident
and health insurance policy? - CORRECT ANSWER-change of occupation
the change of occupation provision is considered an OPTIONAL
provision
Which of these statements about Medicaid is CORRECT? - CORRECT
ANSWER-Funded by federal, sate, and local taxes
Medicaid is funded by federal, state, and local taxes but is
administered by each state.
All of these are considered key factors in underwriting life
insurance EXCEPT - CORRECT ANSWER-Marital Status
Correct: tobacco use, health history, age
The time limit for filing claim disputes is addressed in which
provision of an accident and health policy? - CORRECT ANSWER-legal
actions
All of the following plans allow for employee contributions to be
taken on a pre-tax basis EXCEPT - CORRECT ANSWER-Health
reimbursement Arrangement plan
,employers contribute to health reimbursement Arrangement
planz (HRA's), not employees.
Which of the following gifts from a producer would NOT be
considered rebating? - CORRECT ANSWER-$5 pen
A producer quoting life insurance may give an applicant an article
of merchandise having an invoice value of $5.00 or less.
Written notice for a health claim must be given to the insurer ___
days after the occurrence of the loss. - CORRECT ANSWER-20
Chris is an insured bricklayer who severed his left hand in an
automobile accident. Although his primary duty cannot be
performed, Chris is also a substitute high school teacher. He
collects a full disability income check every month. How does his
policy define total disability? - CORRECT ANSWER-own occupation
the "own occupation" definition of total disability requires that
the insured be unable to perform the insured's current occupation
as a result of an accident or sickness.
, Which approach predicts a person's earning potential and
determines how much of that amount would be devoted to
dependents? - CORRECT ANSWER-Human life value approach
The human life value approach predicts an individual's future
earning potential and determines how much of that amount
would be devoted to dependents.
Index whole life insurance contains a securities component that
acts as a(n) - CORRECT ANSWER-hedge against inflation
Phil is shopping for an annuity that guarantees he CANNOT
outlive the benefits. Which of these benefit options would he
choose? - CORRECT ANSWER-Guaranteed lifetime withdrawal benefit
The guaranteed lifetime withdrawal benefit normally requires a
fee, but it ensures that the income benefit will be paid for life
without actually annuitizing the contract.
Which of these factors would an insurer consider when
determining whether to accept a group life plan? - CORRECT ANSWER-
average age
and insurer would consider the average age when determining
whether to accept a group Life Plan.
MULTIPLE CHOICE OF QUESTIONS AND
VERIFIED SOLUTIONS ALREADY GRADED A+
AND 100% GUARANTEE PASS (BRAND NEW!!!!)
An insured has a health plan that pays established amounts in
accordance with a list of injuries, surgical procedures, or other
losses. This list is called a - CORRECT ANSWER-benefit schedule
benefits schedule set predetermined limits or maximums on how
much money and insured can be reimbursed for a covered loss.
Who is the individual paid on a fee-for-service basis? - CORRECT
ANSWER-Provider
Which of the following is NOT an illegal inducement? - CORRECT
ANSWER-Giving the insured an article of merchandise printed with
the producer's name costing $5
$5 or less of tokens or merchandise to applicants is allowed.
Making a statement that is false or maliciously critical of the
financial condition of an insurer is known as - CORRECT ANSWER-
defamation
,Which of the following is NOT a required provision in an accident
and health insurance policy? - CORRECT ANSWER-change of occupation
the change of occupation provision is considered an OPTIONAL
provision
Which of these statements about Medicaid is CORRECT? - CORRECT
ANSWER-Funded by federal, sate, and local taxes
Medicaid is funded by federal, state, and local taxes but is
administered by each state.
All of these are considered key factors in underwriting life
insurance EXCEPT - CORRECT ANSWER-Marital Status
Correct: tobacco use, health history, age
The time limit for filing claim disputes is addressed in which
provision of an accident and health policy? - CORRECT ANSWER-legal
actions
All of the following plans allow for employee contributions to be
taken on a pre-tax basis EXCEPT - CORRECT ANSWER-Health
reimbursement Arrangement plan
,employers contribute to health reimbursement Arrangement
planz (HRA's), not employees.
Which of the following gifts from a producer would NOT be
considered rebating? - CORRECT ANSWER-$5 pen
A producer quoting life insurance may give an applicant an article
of merchandise having an invoice value of $5.00 or less.
Written notice for a health claim must be given to the insurer ___
days after the occurrence of the loss. - CORRECT ANSWER-20
Chris is an insured bricklayer who severed his left hand in an
automobile accident. Although his primary duty cannot be
performed, Chris is also a substitute high school teacher. He
collects a full disability income check every month. How does his
policy define total disability? - CORRECT ANSWER-own occupation
the "own occupation" definition of total disability requires that
the insured be unable to perform the insured's current occupation
as a result of an accident or sickness.
, Which approach predicts a person's earning potential and
determines how much of that amount would be devoted to
dependents? - CORRECT ANSWER-Human life value approach
The human life value approach predicts an individual's future
earning potential and determines how much of that amount
would be devoted to dependents.
Index whole life insurance contains a securities component that
acts as a(n) - CORRECT ANSWER-hedge against inflation
Phil is shopping for an annuity that guarantees he CANNOT
outlive the benefits. Which of these benefit options would he
choose? - CORRECT ANSWER-Guaranteed lifetime withdrawal benefit
The guaranteed lifetime withdrawal benefit normally requires a
fee, but it ensures that the income benefit will be paid for life
without actually annuitizing the contract.
Which of these factors would an insurer consider when
determining whether to accept a group life plan? - CORRECT ANSWER-
average age
and insurer would consider the average age when determining
whether to accept a group Life Plan.
