Xcel Testing Solutions- Life and Health Insurance- Verified Papers For Guaranteed Success

Xcel Testing Solutions (Life & Health) Final 150 Question Practice Exam When can a policyowner change a revocable beneficiary? Answer: Anytime. M purchased an Accidental Death and Dismemberment (AD&D) policy and designated his son as the beneficiary. What type of beneficiary is his son, ...

XCel 2-15 florida life & health state exam simulator graded A+ What is considered a characteristic of an immediate annuity? ️ Benefit payments start within one payment period of purchase. Which of these characteristics is consistent with a straight life policy? ️ Premiums are payable...

North Carolina XCEL Testing Life & Health Insurance Exam Study 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 automat...

XCEL FL TEST STUDY GUIDE VERIFIED ANSWERS Which of the following types of health coverage frequently uses a deductible? ️ Major Medical policy. What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary requires consent when a change of beneficiary is made? ️ Irre...

XcelSolutions Pennsylvania Insurance Test Verified Guide Stock Insurer ️ A nonparticipating company is sometimes referred to as a stock insurer. Insurance Sales Calls ️ The Do Not Call Registry offers exemptions for calls placed from all the following EXCEPT: telemarketers selling ...

Xcel Practice Chapter Exam Complete Solutions A whole life insurance policyowner does not wish to continue making premium payments. Which of the following allows the policyowner to sell the policy for more than its cash value? ️ Life-Settlement Contract. P owns a $25,000 life policy that...

XCEL Chapter 1 Exam Review Graded A+ Stock insurer ️ A non-participating company is also called a stock insurer. Insurance policy ️ A contract that involves one party indemnifying another when a loss results from an unknown event. Mutual ️ A type of insurer that is owned by...

XCEL Solutions Life and Health License Exam (CA) Complete Solutions A saving vehicle designed to first accumulate funds and then systematically liquidate the funds ️ Deferred annuity. An annuity backed by a life insurer's separate account ️ Variable Annuity. Cindy buys a 10-year...

XCEL - NY - Exam Simulator 1 Verified Guide Jonas is a whole life insurance policyholder and would like to add coverage for his two children. Which of the following products would allow him to do this? ️ Child Term Rider. Lisa has recently bought a fixed annuity. Which of these is consid...

Xcel Laws and Rules Pertinent to Insurance Guaranteed Success 1. What must an agent sign when an existing Life Insurance policy is being reissued with a reduction in cash value? - A) Policy Summary - B) Buyer’s Guide - C) Affidavit - D) ️ Notice Regarding Replacement of Life Insuranc...

EXCEL Practice Exam Graded A+ 1. A licensed agent who lives in another state and transacts insurance in Ohio is called: - A) Foreign agent - B) Special agent - C) ️ Nonresident agent - D) Unauthorized agent 2. Which of these factors is NOT taken into account when determining an appli...

XCEL Solutions Already Graded A+ 1. A nonparticipating company is sometimes called a: - A) ️ Stock insurer - B) Mutual insurer - C) Fraternal insurer - D) Reinsurer 2. Fraternal Benefit Society has each of the following characteristics except: - A) Nonprofit status - B) Membershi...

Xcel Texas Pre-licensing Education - Life and Health Insurance Insurance Glossary 1. Absolute assignment ️ Policy assignment under which the assignee (person to whom the policy is assigned) receives full control over the policy and also full rights to its benefits. Generally, when a poli...

Final Exam XCEL VA 1. The free-look period for a new Medicare Supplement policy is: ️ 30 days 2. Al surrenders his life insurance policy for its cash value. The total of the premiums paid into the policy minus total dividends received in cash or used to offset premiums is referred to as ...

XCEL Chapter 11 Chapter Exam 1. Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. Afterwards, she deposited the check into a personal checking account. Maria committed what crime? ️ Fraud 2. Making ...

XCEL Chapter 2 - Nature of Insurance Already Graded A+ 1. How do insurers predict the increase of individual risks? ️ Law of large numbers 2. Which of the following is considered to be an event or condition that increases the probability of an insured's loss? ️ Hazard 3. An exam...