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Xcel Final Exam questions with complete solutions 2023Typically, Long-Term Disability benefits are coordinated with which benefit plan? Social Security The focus of major medical insurance is providing coverage for medical and hospitalization expenses An insured under a Major Medical...

XCEL Solutions graded A+ already passed 2023Reserve funds held by the company to help future claims. minimum reserves are usually set by the state Department of Insurance. Multi-line insurer an insurance company or independent agent that provides a one-stop shop for businesses or individual...

XCEL solutions questions and answers rated A+ passed!A partial surrender is allowed in which of the following life policies? Universal life All of the following riders can increase the death benefit amount EXCEPT Waiver of Premium A health insurance policy where the insurer has the r...

Xcel Solutions Final Exam graded A+ Already passed 2023Who does a life settlement broker represent? Individual wanting to sell their life policy to a third party What is the insurance term the State of California uses for an insurer that is eligible to transact business in this state? Admit...

XCEL Final Exam questions and answers 2023 updateIrrevocable beneficiary What kind of life insurance beneficiary requires his/her consent when a change of beneficiary is made? Anytime When can a policy-owner change a revocable beneficiary? Daughter K has a life insurance policy wher...

XCEL Chapter 1 Exam Review(2023 update)correctly answeredStock insurer A non-participating company is also called Insurance policy Contract that involves one party which indemnifies another when a loss arises from an unknown event Mutual A type of insurer that is owned by its policy...

XCEL Solutions rated A+ fully solved 2023a nonparticipating company is sometimes called a stock insurer Fraternal Benefit Society has each other the following characteristics except exist for profit The Fair Credit and Reporting Act's main purpose is to protect consumers with guide...

XCEL Chapter 4 questions with complete solutions 2023John and Mary have a handicapped child that is financially dependent upon them. The death of one of the parents would not be financially disastrous, however the death of both likely would be. Which policy would be best suited for them? Second-to-...

XCEL Life and Health Insurance Test Review(2023 updated)correct answers to passPeriod Certain Which annuity payout option allows the policy owner to choose a pre-determined number of benefit payments? Life only annuity Which annuity payout option has no additional payouts regardless of when...

Xcell Testing Solutions (Life & Health) Final 150 Question test bank Exam 2023When can a policy owner change a revocable beneficiary? Anytime M purchased an Accidental Death and Dismemberment (AD&D) policy and named his son as beneficiary. M has the right to change the beneficiary designatio...

XCEL Life Only Final Exam CO graded A+ already passed 2023What type of insurance company sells insurance for a profit? Commercial Insurers (Private Insurance Companies) What type of insurance company sells more than one line of insurance? Multi-line insurer What type of companies are...