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Indiana Life and Health Insurance Study Exam (xcelsolutions) with 100% Verified Questions and Answers.
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  • Indiana life insurance
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  • Indiana Life Insurance

Indiana Life and Health Insurance Study Exam (xcelsolutions) with 100- Verified Questions and Answers.

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  • August 13, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • indiana life and health insurance study exam xcel

Written for

  • Indiana life insurance
  • Indiana life insurance

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Wisdoms

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Indiana Life and Health Insurance Study Exam (xcelsolutions) with
100% Verified Questions and Answers




J .is .35-
years .old .and .looking .to .purchase .a .whole .life .insurance .policy. .Which .of .the .following .types .of .poli
cies .will .provide .the .most .rapid .growth .of .cash .value?



-Life .paid-up .at .age .70

-20 .pay .life

-increasing .Term .to .age .65

-Straight .Line .- .(correct .answer) .-20 .Pay .Life

Which .of .the .following .types .of .policies .BEST .identifies .one .in .which .the .cash .value .may .fluctuate .t
o .reflect .changing .assumptions .regarding .mortality .cost, .interest, .and .expense .factors?

-Universal .Life

- .Endowment .Life

-Modified .Whole .Life

-Graded .Premium .Whole .Life .- .(correct .answer) .-Universal .Life

Which .Provision .allows .the .policyowner .to .change .a .term .life .policy .to .a .permanent .one .without .pr
oviding .proof .of .good .health?

-Modifcation

-Conversion

-Exchange

, -Adjustable .- .(correct .answer) .-Conversion

Which .statement .is .correct .regarding .the .premium .payment .schedule .for .whole .life .policies?

-Premiums .are .patable .throughout .the .insured's .lifetime/coverage .lasts .until .death .of .the .insured

-Premiums .payable .for .a .set .period/coverage .expires .at .that .point

-Premiums .are .payable .until .age .65/coverage .lasts .a .lifetime

-A .single .premium .is .paid .at .time .of .application/coverage .lasts .until .retirement .- .(correct .answer) .-
Premiums .are .payable .throughout .the .insured's .lifetime/coverage .lasts .until .death .of .the .insured

Which .of .the .these .would .be .considered .a .limited-pay .life .policy?

-10 .year .renewable .and .convertibile .term

-Life .paid-up .at .Age .70

-Straight .Whole .Life

-Renewable .Term .to .Age .100 .- .(correct .answer) .-Life-Paid .up .at .Age .70

M .purchases .a .70,00 .Life .Insurance .policy .wiht .premium .payments .of .
$550 .a .year .for .the .first .5 .years. .At .the .beginning .of .the .sixth .year, .the .premium .will .increase .to .
$800 .per .year .but .will .remain .level .thereafter. .The .face .amount .will .remain .at .70,000 .throughout .th
e .life .of .the .policy. .The .type .of .policy .that .M .has .purchased .is: .

- .Adjustable .Life

-Indeterminate .Premium .Life

-Grader .Premium .Life

-Modified .Premium .life .- .(correct .answer) .-Modified .Premium .Life

Which .type .of .policy .is .considered .to .be .over-funded, .as .stated .by .IRS .guidelines?

-Modified .Whole .Life

-Modified .Endowment .Contract

-Variable .Universal .Life

-Interest-Sensitive .Whole .Life .- .(correct .answer) .-Modified .Endowment .Contract

K .is .looking .to .purchase .Renewable .Term .Insurance. .Which .of .these .types .of .Term .Insurance .may .b
e .renewable?

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