Xcel life - Study guides, Class notes & Summaries

XCEL Life Insurance Concepts Exam Latest Update...

XCEL Life and Health Insurance Test Review: Practice Questions and Answers 1: What is the primary purpose of life insurance?--- correct answer --- The primary purpose of life insurance is to provide financial protection to beneficiaries in the event of the insureds death. 2: What is a premium in the context of life insurance?--- correct answer --- A premium is the amount of money paid by the policyholder to the insurance company to maintain coverage under a life insurance policy. ...

Xcel Life, Accident, Health License Exam Questions who is not eligible for social security survivor benefits? A. Full-time students under the age of 19 B. A deceased worker's dependent parents of any age C. A widow at any age who is caring for children younger than 16 D. A widow at full retirement age - A deceased worker's dependent parents of any age (must be at least 62 years old) what does the group life underwriting risk selection process help protect insurance companies ...

XCEL LIFE POLICIES EXAM QUESTIONS AND ANSWERS

Replacement regulation is designed to protect - Answer-Policyowners from mirepresentation and loss of benefits All Health Benefit Plans issued after January 1, 2014 must provide - Answer-Preventative health services Which of these will have the highest monthly payout upon annuitization - Answer-Straight life Which of the following is included in the entire contract according ti the entire contract provison? - Answer-Clauses Which of the following is considered to be an alternative to...

XCEL LIFE AND HEALTH INSURANCE FINAL EXAM 2024| ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS| ALREADY PASSED

XCEL Life and Health Insurance Test ReviewPeriod Certain - correct answer Which annuity payout option allows the policy owner to choose a pre-determined number of benefit payments? Life only annuity - correct answer Which annuity payout option has no additional payouts regardless of when the annuitant dies Errors and Omissions - correct answer a professional liability for which producers can be sued for mistakes of putting a policy into effect irrevocable beneficiary - correct answer re...

Xcel solutions final exam Insuring Which health policy clause specifies the amount of benefits to be paid - Answer ️️ - Insuring The investment gains from a universal life policy usually go to - Answer ️️ -The cash value L takes out a life insurance policy and dies 10 years later. During the claim process, the insurer finds out that the applicant misstated their age. What will the insurer do? - Answer ️️ -Adjust the death benefit to a reduced amount An employee is covered unde...

XCEL LIFE INSURANCE EXAM