Xcel solutions exam 2 - Study guides, Class notes & Summaries

XCEL Solutions 2-15 Exam-Ch. 15

Insurance license practice XCEL solutions Exam -3 part 2 Life provisions

Xcel Solutions Exam ACTUAL EXAM 2024 | ALL QUESTIONS AND CORRECT ANSWERS (ALREADY GRADED A+) | LATEST VERSION Which of these would be the best example of a limited pay life insurance policy? - ANSWER-Whole life policy with premiums paid up after 20 years How does life insurance create an immediate estate? - ANSWER-After first premium is paid, the face amount may be available to the beneficiary The limited period of time given to all members to sign up for a grou...

Insurance license practice XCEL solutions Exam -2 Legal Concepts

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 solutions life insurance Exam with Verified Answers Graded A+ 1. What does the Group Life underwriting risk selection process help protect insurance companies from? 2. All of the following are exempt from the 10% tax penalty for early qualified plan withdrawals EXCEPT 3. Julie has a $100,000 30-year mortgage on her new home. What type of life insurance could she pur- chase that is designed to pay off the loan balance if she dies within the 30-year period? 4. Sharon is the policyown...

Xcel Solutions Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which of these techniques will remove the risk of losing money in the stock market by never purchasing stocks? Answer: Risk avoidance Risk avoidance could eliminate the risk of losing money in the stock market by never investing in stocks. Q: Which of the following nursing home options would BEST suit an individual who needs some nursing care and supe...

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions with Verified Solutions The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT insurance sales calls Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called cancelable The ren...