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XCEL FINAL EXAM QUESTIONS WITH [A GRADED] SOLUTIONS
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XCEL FINAL EXAM QUESTIONS WITH [A GRADED] SOLUTIONS
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XCEL FINAL EXAM QUESTIONS WITH [AGRADED] SOLUTIONS
Irrevocable bvbeneficiary bv- bvANS--What bvkind bvof bvlife bvinsurance bvbeneficiary
bvrequires bvhis/her bvconsent bvwhen bva bvchange bvof bvbeneficiary bvis bvmade?
Anytime bv- bvANS--When bvcan bva bvpolicy-owner bvchange bva bvrevocable bvbeneficiary?
Daughter bv- bvANS--K bvhas bva bvlife bvinsurance bvpolicy bvwhere bvher bvhusband bvis
bvbeneficiary bvand bvher bvdaughter bvis bvcontingent bvbeneficiary. bvUnder bvthe
bvCommon bvDisaster bvclause, bvif bvK bvand bvher bvhusband bvare bvboth bvkilled bvin bvan
bvautomobile bvaccident, bvwhere bvwould bvthe bvdeath bvproceeds bvbe bvdirected?
0 bv- bvANS--T bvand bvS bvare bvnamed bvco-primary bvbeneficiaries bvon bva bv$500,000
bvAccidental bvDeath bvand bvDismemberment bvpolicy bvinsuring bvtheir bvfather. bvTheir
bvmother bvwas bvnamed bvcontingent bvbeneficiary. bvFive bvyears bvlater, bvS bvdies bvof
bvnatural bvcauses bvand bvthe bvfather bvis bvkilled bvin bva bvscuba bvaccident bvshortly
bvafterwards. bvHow bvmuch bvof bvthe bvdeath bvbenefit bvwill bvthe bvmother bvreceive?
If bvthe bvprimary bvbeneficiary bvdies bvbefore bvthe bvinsured bv- bvANS--How bvwould bva
bvcontingent bvbeneficiary bvreceive bvthe bvpolicy bvproceeds bvin bvan bvAccidental bvDeath
bvand bvDismemberment bv(AD&D) bvpolicy?
Irrevocable bv- bvANS--A bvpolicy bvwould bvlike bvto bvchange bvthe bvbeneficiary bvon bva
bvLife bvinsurance bvpolicy bvand bvmake bvthe bvchange bvpermanent. bvWhich bvtype bvof
bvdesignation bvwould bvfulfill bvthis bvneed?
The bvearly bvyears bvare bvcharged bvmore bvthan bvwhat bvis bvneeded bv- bvANS--What bvis
bvthe bvunderlying bvconcept bvregarding bvlevel bvpremiums?
Premium bvMode bv- bvANS--A bvpolicy-owner bvis bvable bvto bvchoose bvthe bvfrequency bvof
bvpremium bvpayments bvthrough bvwhat bvpolicy bvfeature?
Mode bvof bvPremium bv- bvANS--A bvpolicy bvowner bvis bvallowed bvto bvpay bvpremiums
bvmore bvthan bvonce bva bvyear bvunder bvwhich bvprovision?
Application bvwill bvbe bvreturned bvto bvthe bvwriting bvagent. bv- bvANS--An bvincomplete
bvlife bvinsurance bvapplication bvsubmitted bvto bvan bvinsurer bvwill bvresult bvin bvwhich bvof
bvthese bvactions?
Applicant bv- bvANS--Any bvchanges bvmade bvon bvan bvinsurance bvapplication bvrequires
bvthe bvinitials bvof bvwhom?
, Set bvup bva bvmeeting bvwith bvthe bvapplicant bvto bvanswer bvthe bvremaining bvquestions
bv- bvANS--P bvis bva bvproducer bvwho bvnotices bv5 bvquestions bvon bva bvlife bvapplication
bvwere bvnot bvanswered. bvWhat bvactions bvshould bvP bvtake?
Policy bvwas bvreturned bvwithin bvthe bvfree-look bvperiod, bvpremium bvwill bvbe bvfully
bvrefunded. bv- bvANS--Q bvapplied bvfor bvlife bvinsurance bvand bvsubmitted bvthe bvinitial
bvpremium bvon bvJanuary bv1. bvThe bvpolicy bvwas bvissued bvFebruary bv1, bvbut bvit bvwas
bvnot bvdelivered bvby bvthe bvagent bvuntil bvFebruary bv7. bvQ bvis bvdissatisfied bvand
bvreturns bvthe bvpolicy bvFebruary bv13. bvHow bvwill bvthe bvinsurer bvhandle bvthis
bvsituation?
Beneficiary bv- bvANS--Who bvis bvNOT bvrequired bvto bvsign bva bvlife bvinsurance
bvapplication?
Forward bvthe bvapplication bvo bvthe bvinsurer bvwithout bvthe bvinitial bvpremium. bv- bvANS--
What bvaction bvshould bva bvproducer bvtake bvif bvthe bvinitial bvpremium bvis bvNOT
bvSubmitted bvwith bvthe bvapplication?
applicant's bvphysician bv- bvANS--An bvapplicant's bvmedical bvinformation bvreceived
bvfrom bvthe bvMedical bvInformation bvBureau bv(MIB) bvmay bvbe bvfurnished bvto bvthe
To bvdetect bvand bvdeter bvterrorism bv- bvANS--What bvis bvthe bvpurpose bvof bvthe bvUSA
bvPatriot bvAct
The bvgroup bvwas bvformed bvfor bva bvpurpose bvother bvthan bvacquiring bvinsurance. bv-
bvANS--Which bvrequirement bvmust bvbe bvmet bvfor bvan bvassociation bvto bvbe bveligible
bvfor bva bvgroup bvlife bvplan?
The bvpolicy bvproceeds bvwill bvbe bvpaid bvif bvthe bvemployee bvdies bvduring bvthe
bvconversion bvperiod. bv- bvANS--When bvan bvemployee bvis bvterminated, bvwhich
bvstatement bvabout bva bvgroup bvterm bvlife bvconversion bvis bvtrue?
Certificate bv- bvANS--A bvperson bvwho bvis bvinsured bvwithin bva bvgroup bvcontract bvwill
bvbe bvgiven bva
Immediate bvannuity bv- bvANS--W bvis bva bv39-year bvold bvfemale bvwho bvjust bvpurchased
bvan bvannuity bvto bvprovide bvincome bvfor bvlife bvstarting bvat bvage bv60. bvAll bvof bvthese
bvwould bvbe bvacceptable bvannuity bvchoices bvEXCEPT bva(n)
Single bvpremium bv- bvANS--An bvimmediate bvannuity bvconsists bvof bva
Social bvSecurity bv- bvANS--What bvis bvOld bvAge bvand bvSurvivors bvHealth bvInsurance
bv(OASDHI) bvalso bvknown bvas?
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