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

XCEL Solutions North Carolina Life and Health State Exam Simulator 1 (Part 1) 100% Correct

INSURANCE LICENSE PRACTICE XCEL SOLUTIONS FINAL EXAM #12 - TEXAS LIFE ONLY EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Question 1 Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary? Correct Answer: Life income Question 2 A new agent must complete at least _____ hours of continuing education within 24 months of initial license? Correct Answer: 24 hours Question 3 L takes out a life insurance policy and di...

XCEL Solutions practice Exam Simulator Questions and Answers Graded A+ Which of the following statements is CORRECT regarding the tax treatment of a lump- sum payment paid to a life insurance policy's primary beneficiary? - Correct Answer ️️ -All proceeds are income tax free in the year they are received. A(n) _____ insurance company is one formed in a country other than the United States. - Correct Answer ️️ -Alien Term insurance has which of the following characteristics? - Cor...

Insurance license practice XCEL solutions FINAL EXAM #12 - Texas life only Practice Questions and Answers Question 1 Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary? - Correct Answer ️️ -Life income Question 2 A new agent must complete at least _____ hours of continuing education within 24 months of initial license? - Correct Answer ️️ -24 hours Question 3 L takes out a life insurance policy and dies 10 years later. During the...

INSURANCE LICENSE PRACTICE XCEL SOLUTIONS FINAL EXAM #12 - TEXAS LIFE ONLY EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Question 1 Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary? Correct Answer: Life income Question 2 A new agent must complete at least _____ hours of continuing education within 24 months of initial license? Correct Answer: 24 hours Question 3 L takes out a life insurance policy and di...

XCEL Solutions practice Exam Simulator Practice Questions and Answers 100% Pass Which of the following statements is CORRECT regarding the tax treatment of a lump- sum payment paid to a life insurance policy's primary beneficiary? - Correct Answer ️️ -All proceeds are income tax free in the year they are received. A(n) _____ insurance company is one formed in a country other than the United States. - Correct Answer ️️ -Alien Term insurance has which of the following characteristi...

Xcel Testing Solutions (Life & Health) Final 150 Question Practice Exam When can a policyowner change a revocable beneficiary? Answer: Anytime. M purchased an Accidental Death and Dismemberment (AD&D) policy and designated his son as the beneficiary. What type of beneficiary is his son, given that M has the right to change the beneficiary designation at any time? Answer: Revocable. Under what condition would a contingent beneficiary receive the policy proceeds from an Acciden...

XCEL CHAPTER 1 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ the fair credit and Reporting Act main purpose is to protect consumers with guidelines regarding credit reporting and distribution a plan in which an employer pays insurance benefits from a fund derived from the employer's current revenues is called a self-funded plan what kind of life insurance policy issued by a mutual insurer provides a return of divisible Surplus? participating life insurance policy why...

Insurance license practice XCEL solutions FINAL EXAM QUESTIONS Question 1 Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary? - ANSWER-Life income Question 2 A new agent must complete at least _____ hours of continuing education within 24 months of initial license? - ANSWER-24 hours Question 3 L takes out a life insurance policy and dies 10 years later. During the claim process, the insurer discovers that L has understated range on t...