Xcel life - Study guides, Class notes & Summaries

XCEL Life and Health Insurance Test Review: Practice Questions and Answers 1: What is the primary purpose of life insurance?--- correct answer --- The primary purpose of life insurance is to provide financial protection to beneficiaries in the event of the insureds death. 2: What is a premium in the context of life insurance?--- correct answer --- A premium is the amount of money paid by the policyholder to the insurance company to maintain coverage under a life insurance policy. ...

Xcel Life Insurance Exam Questions and Answers 100% Pass Replacement regulation is designed to protect - Policyowners from mirepresentation and loss of benefits All Health Benefit Plans issued after January 1, 2014 must provide - Preventative health services Which of these will have the highest monthly payout upon annuitization - Straight life Which of the following is included in the entire contract according ti the entire contract provison? - Clauses Which of the following is conside...

xcel Life Policies Exam | Q&A Latest 2024/2025 | 100% PASS 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 - Answer -D. Survivorship Life Policy A policyowner may change two policy features on what type of life insurance? A. Adjustable Life B. Modified Whole Life C. Decreasing Term Life D. Whole Life - Answer -A. Adjustable Life Adjustable Life allows the poli...

XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated what is considered to be a characteristic of an immediate annuity benefit payments start within one payment period of purchase 3 MULTIPLE CHOICE OPTIONS which of these characteristics is consistent with a straight life policy premiums are payable for as long as there is insurance coverage in force 3 MULTIPLE CHOICE OPTIONS an insureds inability t...

XCEL LIFE INSURANCE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS Replacement regulation is designed to protect - Precise Answer Policyowners from mirepresentation and loss of benefits All Health Benefit Plans issued after January 1, 2014 must provide - Precise Answer Preventative health services Which of these will have the highest monthly payout upon annuitization - Precise Answer Straight life Which of the following is included in the entire contract according ti the entire contra...

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