XCEL FINAL EXAM CALIFORNIA LIFE INSURANCE | 2024 QUESTIONS AND ANSWERS
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Course
Xcel
Institution
Xcel
XCEL FINAL EXAM CALIFORNIA LIFE INSURANCE | 2024 QUESTIONS AND ANSWERS
Which nof nthe nfollowing nis nNOT na ncommon nlife ninsurance npolicy nrider? n- n nExtended nTerm
Jerry nis nan ninsured nwho nunderstated nhis nage non nhis nlife ninsurance napplication, npaying n$12 nper n$1,000 n...
An ninsurance npolicy nwritten nafter n1988 nthat nfails nto npass nthe nseven-pay ntest nis nknown
nas n- n nA nModified nEndowment nContract
Mark, nage n45, nhas na nModified nEndowment nContract n(MEC). nWhat nis nthe ntax npenalty nfor
ntaking na nloan nagainst nthis npolicy nprior nto nage n59 n1/2? n- n n10%
A nlife ninsurance npolicy nthat npays nthe nface namount nif nthe ninsured nsurvives nto na nspecified
nperiod nof ntime nis ncalled n- n nEndowment nInsurance
Tom nis nshopping nfor na npolicy nthat ncovers ntwo npeople nand nwould npay nthe nface namount
nONLY nwhen nthe nfirst nperson ndies. nThe ntype nof nlife npolicy nhe nis nlooking nfor nis ncalled na n- n
nJoint nLife nPolicy
Most nU.S. nlife ninsurance ncompanies nbelong nto nthe n- n nMedical nInformation nBureau
The nMedical nInformation nBureau nconsists nof n- n nLife nAnd nHealth nInsurance nCompanies
Which nof nthe nfollowing nrisk nclassifications ncharges nthe nlowest npremium? n- n nPreferred
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