Xcel life insurance Study guides, Class notes & Summaries

Xcel Life Insurance Exam questions and answers

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 to a life settlement? - Accelered de...

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 Ohio Proctor Questions and Answers Graded A+ Under a Modified Endowment Contract, what are the likely tax consequences? •Pre-death distributions will become taxable To receive proceeds from a death benefit, a minor •must have an appointed guardian Under a Modified Endowment Contract, what are the likely tax consequences? Pre-death distributions will become taxable To receive proceeds from a death benefit, a minor must have an appointed guardian A provision that allows a policyowner ...

According to the principle of Utmost Good Faith, the insured will answer questions on the application to the best of their knowledge and pay premium, while the insurer will deal fairly with the insurer and it's - correct answer -promises made Bob and Tom start a business. Since each partner contributes an important element to the success of the business, they decide to take life insurance policies out on each other, and name each other as beneficiaries. Eventually, they retire and dissolve t...

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 to a life settlement? - Accelered de...

Xcel Life Insurance Exam With Complete Solutions.

What are the members of the Medical Bureau (MIB) required to report? - correct answer -Medical ailments discovered during the underwriting process When an insurance company requests an attending physician's report, the request must be accompanied by a - correct answer -copy of the signed authorization Tim was recently terminated from his employment and opted to change his existing group term life insurance to individual permanent life insurance. What is this process called? - correct answ...

Xcel Life Insurance Exam Graded A+ 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 t...

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