Xcel Life Insurance Bundled Exams Questions and Answers with Certified Solutions

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions with Verified Answers The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT insurance sales calls Charities, political organizations, and surveys are all offered exemptions from Th...

Life Insurance Policies XCEL Questions and Answers 100% Pass industrial life insurance issues very small amounts (1,000-2,000) Premiums are paid weekly and collected by debit agents (designed for burial coverages) ordinary life insurance life insurance of commercial companies not issued on weekly p...

Excel Testing Solutions (Life & Health) Final 150 Question Practice Exam with Verified Solutions When 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 beneficiar...

XCEL LIFE, HEALTH, & ACCIDENT INSURANCE: Chapter 1 Already Passed Role of Insurance To transfer the risk of financial loss from an individual or business to an insurance company Life Insurance It is designed to protect against the risk of premature death. Health Insurance It is designed to protect...

Xcel Final Exam Questions and Answers 100% Passed Typically, 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 expense plan with...

XCEL Life Underwriting & Annuities Questions and Answers Already Passed Which of the following statement is CORRECT about an agent who is taking an insurance application? The agent should have the applicant initial any changes made on the application Agent J takes an application and initial premiu...

XCEL Life and Health Insurance Test Review (2022/2023) Already Passed Which annuity payout option allows the policy owner to choose a pre-determined number of benefit payments? Period Certain Which annuity payout option has no additional payouts regardless of when the annuitant dies Life only annu...

XCEL Life Only Final Exam CO (2022/2023) Rated A+ What 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 organized and incorpo...

XCEL Solutions Latest 2023 Graded A+ Reserve 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 individuals seeking cover...

Insurance license practice XCEL solutions FINAL EXAM 12 - Texas life only Already Passed Question 1 Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary? Life income Question 2 A new agent must complete at least _____ hours of continuing education ...

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...

North Carolina XCEL Testing Life & Health Insurance Exam Study Already Passed Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated: 1970 - Fair Credit Reporting Act What type of reinsurance contract involves two companies automa...

Xcel ch. 4 Types of Insurance Policies with Complete Solutions Types of Life Insurance Policies 1. industrial Life 2. Group Life 3. Ordinary Life Industrial Life Insurance Insurance issues very small face amount, such as $1,000 or $2,000. Premiums are paid weekly and collected by debit agents. They...

Excel Solutions Chapter 1 Exam- Basic Principles of Life and Health Insurance and Annuities Already Graded A Fraternal Benefit Society has each of the following characteristics EXCEPT? Incorporated Without capital stock Exists for profit Exists for the benefit of its members Exists for profit(F...