Xcel Life Insurance Exam Study Guide with Complete Solutions
5 views 0 purchase
Course
Xcel
Institution
Xcel
Xcel Life Insurance Exam Study Guide
with Complete Solutions
Replacement regulation is designed to protect - Answer️️ -Policyowners
from mirepresentation and loss of benefits
All Health Benefit Plans issued after January 1, 2014 must provide -
Answer️️ -Preventative health services
Wh...
Which approach predicts a person's earning potential and determines how
much of that amount would be devoted to dependents? - Answer✔️✔️-
Human life value approach
Which of the following policies does NOT build cash value? - Answer✔️✔️-
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? - Answer✔️✔️-
Human life value
The free look period provided in a life insurance policy is usually -
Answer✔️✔️-10 days
What does "SHOP" stand in SHOP Exchange? - Answer✔️✔️-Small Business
Health Options Program
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 NOT covered under Workers' Compensation? -
Answer✔️✔️-Pain and suffering
Which of the following provides Medicare supplement policies? -
Answer✔️✔️-Private insurance companies
A life settlement intermediary is a(n) - Answer✔️✔️-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? - Answer✔️✔️-Refund annuity
The is responsible for determining the appropriateness of a Medicare
Supplement policy for an applicant. - Answer✔️✔️-Agent
The purpose of the Coordination of Benefits provision in group accident
and health plans is to - Answer✔️✔️-avoid overpayment of claims
Medicaid is intended for - Answer✔️✔️-poverty stricken people
A provision that allows a policyowner to temporarily give up ownership
rights to secure a loan is called a(n) - Answer✔️✔️-collateral assignment
A disability policy where the premiums are due monthly require a grace
period of - Answer✔️✔️-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 - Answer✔️✔️-twisting
Which type of annuity stops all payments upon the death of the annuitant?
- Answer✔️✔️-Life annuity
3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
