Xcel Test Bundle

The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT - ️️insurance sales calls Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry The type of policy where the insurer can send a notice to the insure...

Typically, Long-Term Disability benefits are coordinated with which benefit plan? - ️️Social Security The focus of major medical insurance is providing coverage for - ️️medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 c...

Irrevocable beneficiary - ️️What kind of life insurance beneficiary requires his/her consent when a change of beneficiary is made? Anytime - ️️When can a policy-owner change a revocable beneficiary? Daughter - ️️K has a life insurance policy where her husband is beneficiary and her...

Period Certain - ️️Which annuity payout option allows the policy owner to choose a pre-determined number of benefit payments? Life only annuity - ️️Which annuity payout option has no additional payouts regardless of when the annuitant dies Errors and Omissions - ️️a professional li...

A partial surrender is allowed in which of the following life policies? - ️️Universal life All of the following riders can increase the death benefit amount EXCEPT - ️️Waiver of Premium A health insurance policy where the insurer has the right to terminate the policy fr reasons other t...

Which type of multiple protection policy pays on the death of the last person? A. Joint Life Policy B. Dual Life Policy C. Multiple Life Policy D. Survivorship Life Policy - ️️D. Survivorship Life Policy A policyowner may change two policy features on what type of life insurance? A. ...

Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated: - ️️1970 - Fair Credit Reporting Act What type of reinsurance contract involves two companies automatically sharing their risk exposure? - ️️Treaty What is the na...

S recently received a $500,000 lump sum retirement buyout from her employer. She would like to buy an annuity that will immediately furnish her with a guaranteed income for life. What type of annuity is best suited for her situation? - ️️Single Premium. Immediate Annuities are purchased with...