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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 at least _____ hours of continuing education within 24 months of initial license? - Correct Answer ️️ -24 hours Question 3 L takes out a life insurance policy and dies 10 years later. During th...

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 correct? - Correct Answer ️️ -20-pay life accumulates cash value faster than straight life D owns a whole life policy that was purchased 10 years ago. If the premium payment suddenly stop and D takes...

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 require insurers to give before rescinding coverage? - Correct Answer ️️ -30 Under an adjustable life insurance policy, these may be changed without further writing - Correct Answer ️️ -the...

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 members - Correct Answer ️️ -Exists for profit(Fraternal benefit societies are not-for-profit entities which exist for the benefit of their members) The Fair Credit and Reporting Act's main purp...

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 proceeds in the amount the premiums would have purchased at the insured's actual age The provision in a health insurance policy that suspends premiums being paid to the insurer while the insured is di...

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 an existing policy and purchase a new policy is referred to as Shirley has $500,000 10-year-old son nonrenewable level term life policy. If she dies 15 years after the policy inception date, how wi...

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 year they are received. A(n) _____ insurance company is one formed in a country other than the United States. - Correct Answer ️️ -Alien Term insurance has which of the following characteristi...

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 formed to assume and spread the liability risks of its members is known as a - Correct Answer ️️ -Risk retention group During the application process, a statement made by an applicant that becomes ...

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 under the Social Security program for survivors, disability, or retirement benefits to pay - Based on how long a covered worker has worked throughout his life Insured Status - Correct Answer ️️...

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 at least _____ hours of continuing education within 24 months of initial license? - Correct Answer ️️ -24 hours Question 3 L takes out a life insurance policy and dies 10 years later. During the...