Xcel Practice Chapter Exam Questions with 100% Correct Answers
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Course
Xcel
Institution
Xcel
Xcel Practice Chapter Exam Questions
with 100% Correct Answers
A whole life insurance policyownet foes not wish to continue making
premium payments. Which of the following enables the policyowner to call
the policy for more than its cash value? - Life-Settlement Contract
P owns a 25,000 Life p...
reflect changing assumptions regarding mortality cost, interest, and
expense factors. - ✔✔A Universal Life policy
An employee with 25,000 group term life coverage was recently fired. This
employee's group coverage may be converted to a: - ✔✔25,000 Individual
Whole Life policy
P is blinded in an industrial accident. Which provision of his life insurance
policy will pay a stated benefit amount? - ✔✔Accidental Death and
Dismemberment clause
Q is severely injured in an automobile accident and becomes totally
disabled. How many months must Q be disabled before being able to apply
for Social Security disability benefits? - ✔✔5
Which statement regarding the Misstatement of Age provision is
considered to be true? - ✔✔Coverage will be adjusted to reflect the
insured's true age if a misstatement of age is discovered
Which of the following is an important wunderwriting principle of group life
insurance. - ✔✔Everyone must be covered in the group
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