Xcel Solutions Bundled Exams Questions and Answers 100% Verified and Updated | Graded A+

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 the...

Texas State Exam Simulator - Life and Health Insurance (200 Questions Practice Exam) Questions and Answers 100% Pass An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to th...

Maryland state exam life insurance license practice Questions and Answers 100% Pass In what part of an insurance policy or policy benefits found? - Correct Answer ️️ - Declarations The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a...

North Carolina XCEL Testing Life & Health Insurance Exam Study Questions and Answers Graded A+ Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated: - Correct Answer ️️ -1970 - Fair Credit Reporting Act What type of rein...

XCEL North Carolina Laws and Rules Practice Questions and Answers Which of the following is NOT an unfair claim settlement practice? - Correct Answer ️️ -Needing written documentation of claim details Z is an agent who violated the Insurance Information and Privacy Protection Act. Z was the...

Texas Life and Health Insurance Exam Questions and Answers 100% Pass At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - Correct Answer ️️ -Upon completion of the application Who elects the governing body of a mutual insu...

NJ Health Insurance Exam (XCEL Solutions) Questions and Answers Graded A+ Why are dividends from a mutual insurer not subject to taxation? - Correct Answer ️️ - because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance comp...

XCEL SOLUTIONS: Georgia Life-Only Pre-Licensing Questions and Answers 100% Pass When a policy pays dividends to its policyholders, it is said to be -profitable -mutual -nonparticipating -participating - Correct Answer ️️ --Participating A participating policy is one in which insurance pol...

North Carolina XCEL Testing Life & Health Insurance Exam Study Questions and Answers 100% Pass Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated: - Correct Answer ️️ -1970 - Fair Credit Reporting Act What type of rein...

XCEL LIFE, HEALTH, & ACCIDENT INSURANCE: Chapter 1 Questions and Answers Graded A+ Role of Insurance - Correct Answer ️️ -To transfer the risk of financial loss from an individual or business to an insurance company Life Insurance - Correct Answer ️️ -It is designed to protect against th...

Xcel solutions final exam Questions and Answers 100% Pass Insuring Which health policy clause specifies the amount of benefits to be paid - Correct Answer ️️ -Insuring The investment gains from a universal life policy usually go to - Correct Answer ️️ -The cash value L takes out a life ...

FINAL EXAM REVIEW - Texas life and health Questions and Answers 100% Pass If, at the time of an insured's death, the insurance company discovers that the insured's age was misstated on the application for life insurance, the company will most likely - Correct Answer ️️ -pay the policy proc...

NC Life Insurance Practice Exam Questions with 100% Correct Solutions All of the following are included within the Insurance Commissioner's duties EXCEPT a) Conducting investigation of all domestic insurers. b) Reviewing the insurers' annual reports. c) Writing North Carolina insurance laws. ...

Basic principles of life and health insurance and annuities Xcel Solutions Questions and Answers 100% Pass Commercial Insurers "private insurance companies" - Correct Answer ️️ -sell insurance for a profit. Offers many different lines of insurance. Some sell primarily life insurance and an...

Xcel solutions chapter 3 - policy provisions Questions and Answers 100% Pass A potential client, age 40, would like to purchase a whole life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be correct? ...

XCEL Chapter 1 Exam Review 2024 Questions and Answers 100% Pass A non-participating company is also called - Correct Answer ️️ -Stock insurer Contract that involves one party which indemnifies another when a loss arises from an unknown event - Correct Answer ️️ -Insurance policy A type ...

XCEL North Carolina Laws and Rules Exam Questions and Answers 100% Pass Which of the following is NOT an unfair claim settlement practice? - Correct Answer ️️ -Needing written documentation of claim details Z is an agent who violated the Insurance Information and Privacy Protection Act. Z wa...

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 a...

XCEL Solutions - Social Security Review 2024 Questions and Answers 100% Pass Who is Covered - Correct Answer ️️ -Extends coverage to virtually every American who is employed or self-employed, with few exceptions How Benefits are Determined - Correct Answer ️️ -- A person must be insured ...

Xcel solutions final exam Maryland Life and health questions and answers 100% pass What is normally the consequence for NOT obtaining preadmission certification prior to receiving inpatient medical care? - Correct Answer ️️ -A reduction in benefits A group-owned insurance company that is for...

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...

Maryland state exam life insurance license practice Questions and Answers 100% Pass In what part of an insurance policy or policy benefits found? - Correct Answer ️️ - Declarations Twisting - Correct Answer ️️ -The act of using misrepresentation to induce an insured person to terminate...

FINAL EXAM REVIEW - Texas life and health Questions and Answers 100% Pass If, at the time of an insured's death, the insurance company discovers that the insured's age was misstated on the application for life insurance, the company will most likely - Correct Answer ️️ -pay the policy proc...

Excel Solutions Chapter 1 Exam- Basic Principles of Life and Health Insurance and Annuities Practice Questions and Answers Graded A+ Fraternal Benefit Society has each of the following characteristics EXCEPT? Incorporated Without capital stock Exists for profit Exists for the benefit of its m...

Maryland Life and Health Insurance Practice Questions and Answers 100% Pass The contractual rights which allow the owner of a deferred annuity to surrender the cash value several years before the annuity date are called - Correct Answer ️️ - Nonforfeiture Options How many days does the ACA ...

Xcel solutions chapter 3 - policy provisions questions and answers 100% correct A potential client, age 40, would like to purchase a whole life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be correc...

Insurance license practice XCEL solutions FINAL EXAM #12 - Texas life only Questions and Answers 100% Pass 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 ...

XCEL SOLUTIONS: Georgia Life-Only Pre-Licensing Questions and Answers 100% Pass When a policy pays dividends to its policyholders, it is said to be -profitable -mutual -nonparticipating -participating - Correct Answer ️️ --Participating A participating policy is one in which insurance pol...