Xcel chapter 3 exam - Study guides, Class notes & Summaries
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XCEL SOLUTIONS CHAPTER 3 - POLICY PROVISIONS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
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XCEL SOLUTIONS CHAPTER 3 - POLICY 
PROVISIONS EXAM | QUESTIONS & 
ANSWERS (VERIFIED) | LATEST UPDATE | 
GRADED A+ 
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 paym...
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Chapter 3 (215) XCEL Final Exam Prediction Questions & Answers.
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Chapter 3 (215) XCEL Final Exam Prediction Questions & Answers. 
 
 
Which type of policy is considered to be overfunded, as stated by IRS guidelines? - CORRECT ANSWER The correct answer is "Modified Endowment Contract". A policy that is overfunded to where it does not meet the 7-pay test is considered a Modified Endowment Contract. 
 
A(n) _______ _______ Life policy combines investment choices with a form of Term coverage - CORRECT ANSWER The correct answer is "Variable Universal". Variable Un...
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XCEL CHAPTER 7 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+
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XCEL CHAPTER 7 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ 
 
 
When does a life insurance policy typically become effective? 
A. When the policy is issued 
B. When initial premium is collected and policy is issued 
C. When the application is completed and signed 
D. When the completed application is signed and initial premium is collected 
When initial premium is collected and policy is issued 
What is the purpose of the Medical Information Bureau (MIB)? 
A. To accept or decline i...
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XCEL SOLUTIONS CHAPTER 3 - POLICY PROVISIONS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
- Exam (elaborations) • 10 pages • 2024
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XCEL SOLUTIONS CHAPTER 3 - POLICY 
PROVISIONS EXAM | QUESTIONS & 
ANSWERS (VERIFIED) | LATEST UPDATE | 
GRADED A+ 
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 paym...
-
XCEL SOLUTIONS CHAPTER 3 - POLICY PROVISIONS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
- Exam (elaborations) • 17 pages • 2024
- Available in package deal
-
- $11.99
- + learn more
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 additional action, which nonforfeiture option will be 
insurer likely proceed with?...
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XCEL SOLUTIONS CHAPTER 3 - POLICY PROVISIONS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
- Exam (elaborations) • 17 pages • 2024
- Available in package deal
-
- $11.99
- + learn more
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 additional action, which nonforfeiture option will be 
insurer likely proceed with?...
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XCEL Chapter 11 Chapter Exam
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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 a statement that is false and maliciously critical of the financial condition of the insurer is 
known as: 
️ Defamation 
3. Which of the following statements is true about an insurer's right ...
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XCEL CHAPTER 1 EXAM REVIEW | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
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XCEL CHAPTER 1 EXAM REVIEW | 
QUESTIONS & ANSWERS (VERIFIED) | 
LATEST UPDATE | GRADED A+ 
Stock insurer 
Correct Answer: A non-participating company is also called 
Insurance policy 
Correct Answer: Contract that involves one party which indemnifies another when a loss 
arises from an unknown event 
Mutual 
Correct Answer: A type of insurer that is owned by its policy owners is called 
Because dividends are considered to be a return of premium 
Correct Answer: Why are dividends from a mutua...
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safe advanced scrum master exam questions and answers with 100% Correct Answers UPDATED 2022
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CGS Excel Chapter 3 Exam Questions With Correct Answers
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CGS Excel Chapter 3 Exam Questions 
With Correct Answers 
What type of chart is the least appropriate for depicting yearly rainfall totals for five cities for 
four years? 
(a. Pie chart) 
(b. Line chart) 
(c. Column chart) 
(d. Bar chart) - answera. Pie chart 
Look at the stacked bar chart in figure 3.35. Which of the following is a category on the category 
axis? 
(a Thousands) 
(b. Job Titles) 
(c. CIS Managers) 
(d. 700) - answerc. CIS Managers 
Which of the following is not a type of sparkl...
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