Xcel life policies exam - Study guides, Class notes & Summaries

Xcel solutions final exam Maryland Life and health questions and answers 100% pass What is normally the consequence for NOT obtaining preadmission certification prior to receiving inpatient medical care? A reduction in benefits A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a Risk retention group During the application process, a statement made by an applicant that becomes part of the contract is considered to be a(n) Warrant...

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 written Questions with answers The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT 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 Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. This ...

Xcel Life Insurance Exam Actual Test Questions and Answers with complete solution Replacement regulation is designed to protect Answers>> Policyowners from mirepresentation and loss of benefits All Health Benefit Plans issued after January 1, 2014 must provide Answers>> Preventative health services Which of these will have the highest monthly payout upon annuitization Answers>> Straight life Which of the following is included in the entire contract according t...

Xcel Solutions Life Insurance Exam (Latest 2024/ 2025) Questions and Verified Answers| 100% Correct| Grade A Q: 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 Q: The is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant. Answer: Agent Q: The purpose of the Coordinati...

Xcel Solutions Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which of these techniques will remove the risk of losing money in the stock market by never purchasing stocks? Answer: Risk avoidance Risk avoidance could eliminate the risk of losing money in the stock market by never investing in stocks. Q: Which of the following nursing home options would BEST suit an individual who needs some nursing care and supe...

Xcel Solutions Final Exam Prep (2024/ 2025) Questions and Verified Answers| 100% Correct| Grade A Q: When a minor is designated as the sole primary beneficiary, Answer: a guardian will be court-appointed in the event of a death claim Q: Which if the following best describes a warranty Answer: Statement gaurenteed to be true Q: A company that has not been authorized to operate in Colorado is known as Answer: a nonadmitted insurer Q: Insurance policies a...

Xcel Solutions Comprehensive Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: All of these are considered key factors in underwriting life insurance EXCEPT Answer: Marital Status Correct: tobacco use, health history, age Q: The time limit for filing claim disputes is addressed in which provision of an accident and health policy? Answer: legal actions Q: All of the following plans allow for employee contributions to be take...

Xcel Life Insurance Exam Questions and Answers Already Passed Replacement regulation is designed to protect Policyowners from mirepresentation and loss of benefits All Health Benefit Plans issued after January 1, 2014 must provide Preventative health services Which of these will have the highest monthly payout upon annuitization Straight life Which of the following is included in the entire contract according ti the entire contract provison? Clauses Which of the following is...

Xcel Solutions Final Exam (2024/ 2025) Questions and Verified Answers| 100% Correct| Grade A Q: Which type of plan normally includes hospice benefits Answer: Managed care plans Q: Non-occupational disability coverage is designed for Answer: Employees who suffer non work related disabilities, since work related disabilities are covered by workers compensation Q: A policy of adhesion can only be modified by whom Answer: The insurance company Q: G is an acc...

Xcel Life Insurance Exam Replacement regulation is designed to protect - Policyowners from mirepresentation and loss of benefits All Health Benefit Plans issued after January 1, 2014 must provide - Preventative health services Which of these will have the highest monthly payout upon annuitization - Straight life Which of the following is included in the entire contract according ti the entire contract provison? - Clauses Which of the following is considered to be an alternative...