XCEL Life and Health Insurance Test Review Exam &A 100% Pass
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Course
Xcel
Institution
Xcel
XCEL Life and Health Insurance Test
Review Exam &A 100% Pass
Which annuity payout option allows the policy owner to choose a predetermined number of benefit payments? - Period Certain
Which annuity payout option has no additional payouts regardless of when
the annuitant dies - Life only annuity...
from all of the following sources EXCEPT - ✔✔the beneficiary
What happens to the coverage under a children's term rider when that child
reaches a certain specified age? - ✔✔Coverage is eliminated
Which of the following actions may an insurance company NOT do in a
health policy that contains a guaranteed renewable premium benefit? -
✔✔increase the premiums on an individual basis
When the superintendent believes an agent is causing substantial and
material harm, the superintendent has the authority to - ✔✔issue a cease
and desist order against the agent
Upon policy delivery, which of the following must a producer have an
applicant sign if no initial premium was collected with the life insurance
application? - ✔✔A good health statement
Index whole life insurance contains a securities component that acts as
a(n) - ✔✔Hedge against inflation
Which of the following statements regarding Group Disability Income
insurance is TRUE? - ✔✔It provides benefits for nonoccupational illnesses
and injuries
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