XCEL Life and Health Insurance Study guides, Class notes & Summaries

The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT - insurance sales calls Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - cancelable The renewability provision in a cancelable policy allows the insurer to cancel or terminate the policy at any time, si...

Laws and Rules Pertinent to Insurance Exam 2024 A form of medical health insurance covering the treatment and care of gum disease is called: Medicaid Major Medical Franchise health policy Dental expense insurance - Answer ️️ -Dental expense insurance In South Carolina, what is the MAXIMUM length of time an insurer can defer payment of a cash surrender value of an annuity? 6 months 12 months 18 months 24 months - Answer ️️ -6 months When can a policy no longer be cancelled for...

Xcel solutions final exam Insuring Which health policy clause specifies the amount of benefits to be paid - Answer ️️ - Insuring The investment gains from a universal life policy usually go to - Answer ️️ -The cash value L takes out a life insurance policy and dies 10 years later. During the claim process, the insurer finds out that the applicant misstated their age. What will the insurer do? - Answer ️️ -Adjust the death benefit to a reduced amount An employee is covered unde...

Xcel Final Exam 2024 Typically, Long-Term Disability benefits are coordinated with which benefit plan? - Answer ️️ -Social Security The focus of major medical insurance is providing coverage for - Answer ️️ -medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? - Answer ️️ -$200 because this policy has a zero deductib...

Comprehensive Final Certification Exam: Illinois Health Insurance (Xcel Solutions) Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? - Answer ️️ -home health care Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year. Her health policy most likely contains a(n) - Answer ️️ -deductible When a producer submits an insurance applicaton, the application is REQ...

Xcel Practice Chapter Exam 2024 Questions and Answers with complete solution A whole life insurance policyownet foes not wish to continue making premium payments. Which of the following enables the policyowner to call the policy for more than its cash value? - Answer ️️ -Life-Settlement Contract P owns a 25,000 Life policy that pays the face amount to him if he lives to age 70, or to his beneficiary if he dies before age 70. What kind of policy does P own? - Answer ️️ -Endowment a...

Xcel Testing Solutions-Louisiana Life and Health Exam Simulator - 200 Questions and Answers 2024 with complete solution Which dividend option would an insurer invest the policy owner's money and add any interest earnings as the dividends accrue? -Accumulation at Interest Option -Cash Dividend Option -Paid-Up Additions Option -One-Year Term Dividend Option - Answer ️️ -The Accumulation at Interest Option - invests the policy owner's money and adds interest earnings to the initial a...

XCEL Life and Health Insurance Test Review 2024 with complete solution Period Certain - Answer ️️ -Which annuity payout option allows the policy owner to choose a pre-determined number of benefit payments? Life only annuity - Answer ️️ -Which annuity payout option has no additional payouts regardless of when the annuitant dies Errors and Omissions - Answer ️️ -a professional liability for which producers can be sued for mistakes of putting a policy into effect irrevocable ben...