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XCEL LIFE INSURANCE ALBAMA FINAL EXAM
NEWEST 2025 ACTUAL EXAM COMPLETE 100
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+
Question: What benefit is Trent covered by when he is covered
by a residual disability benefit?
ANSWER: Trent is covered by a residual disability benefit
Question: What is the timeframe within which an insurer must
approve or deny a reinstatement application?
ANSWER: The insurer has to approve or deny within 45 days of
the date of application
Question: How can an insurance premium be defined?
ANSWER: An insurance premium can be defined as money
paid to an insurance company for benefits provided in the policy
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Question: What is the minimum renewability level of a Long
Term Care (LTC) policy?
ANSWER: A Long Term Care (LTC) policy has a minimum
renewability level of guaranteed renewable
Question: What must a Long Term Care insured be unable to
perform to receive benefits?
ANSWER: A Long Term Care insured must be unable to
perform a minimum of 2 Activities of Daily Living (ADLs) to receive benefits
Question: How long does a disability income rider typically pay
a monthly income?
ANSWER: Typically, a disability income rider will pay a
monthly income for as long as the insured remains totally and completely disabled
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Question: Who may an insured have health insurance benefits
paid to?
ANSWER: An insured may have health insurance benefits paid
to anyone designated by the insured
Question: What is guaranteed in a noncancellable disability
income policy?
ANSWER: The coverage and premium rate are guaranteed in
her policy
Question: What is the transfer of policy ownership called when
it involves a viatical settlement agreement?
ANSWER: A Viatical settlement agreement
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Question: Are eligible participants required to make premium
payments for any part of Medicare?
ANSWER: Eligible participants are required to make premium
payments for Part B of Medicare
Question: What can the insurer do under the Change of
Occupation Provision?
ANSWER: The insurer can adjust the benefits
Question: What does a long-term care policy cover regarding
residence?
ANSWER: Extended residence in a nursing home is covered by
a long-term care policy
Question: Which provision allows a disability income policy to
remain in force without further payments when the insured has become totally and permanently disabled?