Xcel chapter 3 - Study guides, Class notes & Summaries

XCEL Chapter 3 Exam Review Questions & Answers 2023/2024 Errors and omissions - ANSWER-A professional liability for which producers can be sued for mistakes of putting a policy into effect Concealment - ANSWER-Intentional withholding of material facts that would affect an insurance policy's validity Considerations - ANSWER-Statements made in the application and the premium Indemnity contract - ANSWER-One that restores an injured party to the condition that was present before the los...

Excel Chapter 3: End-of-Chapter Quiz Already Graded A Pie Chart A chart that shows the relationship of each part to a whole Goal Seek A what-if analysis tool that finds the input needed in one cell to arrive at the desired result in another cell Relative cell reference In a formula, the address of a cell based on the relative position of the cell that contains the formula and the cell referred to Data Marker A column, bar, area, dot, pie slice, or other symbol in a chart that represents a sin...

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Xcel solutions chapter 3 - policy provisions

Xcel solutions chapter 3 - policy provisions questions and answers 100% correct A potential client, age 40, would like to purchase a whole life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be correct? - Correct Answer ️️ -20-pay life accumulates cash value faster than straight life D owns a whole life policy that was purchased 10 years ago. If the premium payment suddenly stop and D takes...

Xcel solutions chapter 3 - policy provisions Questions and Answers 100% Pass A potential client, age 40, would like to purchase a whole life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be correct? - Correct Answer ️️ -20-pay life accumulates cash value faster than straight life D owns a whole life policy that was purchased 10 years ago. If the premium payment suddenly stop and D takes no...

Xcel solutions chapter 3 - policy provisions Questions and Answers 100% Pass A potential client, age 40, would like to purchase a whole life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be correct? - Correct Answer ️️ -20-pay life accumulates cash value faster than straight life D owns a whole life policy that was purchased 10 years ago. If the premium payment suddenly stop and D takes no...