Xcel solutions exam 1 - Study guides, Class notes & Summaries

Xcel Solutions Life Insurance Exam (Latest 2024/ 2025) Questions and Verified Answers| 100% Correct| Grade A Q: An annuitant dies during the distribution period. What kind of annunity will return to a beneficiary the difference between the annunity value and the income payment already made? Answer: Refund annuity Q: The is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant. Answer: Agent Q: The purpose of the Coordinati...

XCEL LIFE INSURANCE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS Replacement regulation is designed to protect - Precise Answer Policyowners from mirepresentation and loss of benefits All Health Benefit Plans issued after January 1, 2014 must provide - Precise Answer Preventative health services Which of these will have the highest monthly payout upon annuitization - Precise Answer Straight life Which of the following is included in the entire contract according ti the entire contra...

Xcel Solutions Final Exam Prep (2024/ 2025) Questions and Verified Answers| 100% Correct| Grade A Q: When a minor is designated as the sole primary beneficiary, Answer: a guardian will be court-appointed in the event of a death claim Q: Which if the following best describes a warranty Answer: Statement gaurenteed to be true Q: A company that has not been authorized to operate in Colorado is known as Answer: a nonadmitted insurer Q: Insurance policies a...

Xcel 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 beneficiary designation at anytime. What type of beneficiary is his son? Revocable How would a contingent beneficiary receive the policy proceeds in an Accidental Death and Dismemberment (AD&D) po...

Xcel solutions chap 1 Actual Exam with Questions and Answers (2024 / 2025) 100% Guarantee Pass

Xcel Solutions Comprehensive Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: All of these are considered key factors in underwriting life insurance EXCEPT Answer: Marital Status Correct: tobacco use, health history, age Q: The time limit for filing claim disputes is addressed in which provision of an accident and health policy? Answer: legal actions Q: All of the following plans allow for employee contributions to be take...

XCEL TESTING SOLUTIONS-LOUISIANA LIFE AND HEALTH INSURANCE EXAM SIMULATOR 2024| WITH 200 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS| A+ GUARANTEED 1. Which dividend option would an insurer invest the policy owner's money and add any interest earnings as the dividends accrue? -Accumulation at Interest Option -Cash Dividend Option -Paid-Up Additions Option -One-Year Term Dividend Option: Ans- The Accumulation at Interest Option - invests the policy owner's money and adds interest earnings to...

Xcel Solutions: North Carolina Life and Health State - Exam Simulator 1 (Part I) Q&A 100% Pass 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 An AD&D clause provides benefits for death due to an accident or for the loss of one or more hands, feet, arms, legs, or loss of sight. XYZ insurance Company would like to begin conducting business in NC. Before XYZ can issues or del...