Xcel questions an - Study guides, Class notes & Summaries

Xcel Final Exam| Questions and Verified Answers| 100% Correct| Grade A (Latest 2024/ 2025) Q: P is a producer who notices 5 questions on a life application were not answered. What actions should P take? Answer: Set up a meeting with the applicant to answer the remaining questions Q: Q applied for life insurance and submitted the initial premium on January 1. The policy was issued February 1, but it was not delivered by the agent until February 7. Q is dissatisfied and returns the...

CT LIFE & HEALTH INSURANCE EXAM 2024 (XCEL SOLUTIONS & PROMETRIC) QUESTIONS AND ANSWERS SOLVED 100% CORRECT!! Laura added a children's rider to her life insurance policy. What type of coverage was added? Answer - Level term With life insurance, the needs approach is used primarily in determining Answer - How much life insurance a client should apply for A(n) is a licensee who charges a fee for contracted insurance advisory services. Answer - Consultant Jonas is covered with disabil...

Xcel Life Insurance Exam Xcel Solutions Life Insurance Exam Update Life Insurance Xcel Exam Questions and Correct Answers Rated A+

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 ACTUAL EXAM 500 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT - CORRECT ANSWER 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 insured that the policy has be...

Xcel solutions final exam Insuring Which health policy clause specifies the amount of benefits to be paid - Answer ️️ - Insuring The investment gains from a universal life policy usually go to - Answer ️️ -The cash value L takes out a life insurance policy and dies 10 years later. During the claim process, the insurer finds out that the applicant misstated their age. What will the insurer do? - Answer ️️ -Adjust the death benefit to a reduced amount An employee is covered unde...

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 policies pay out dividends to the policyholders. A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: -a fraternal benefit s...

Xcel Testing Solutions Life and Health Insurance 215 Questions & Answers 2023/2024 The focus of major medical insurance is providing coverage for - ANSWER-medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? - ANSWER-$200 because this policy has a zero deductible, the insures is only responsible for the 20% coinsurance on this ...

Xcel Solutions Property & Casualty Exam Questions and Answers An earned premium resulting from the cancellation of a policy is calculated on: - Correct Answer ️️ -On a pro rata basis, based on the previous year's rate M owns a parking garage & has coverage that states: "We will cover losses regardless if you are legally liable for the loss." This no-fault ideology will be found under: - Correct Answer ️️ -Excess Direct Coverage An insurance company writing business in a state o...

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 written Questions with answers The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. This ...

Xcel Testing Solutions (Life & Health) Final 150 Question Practice Exam complete Questions and Answers When can a policy owner change a revocable beneficiary? M purchased an Accidental Death and Dismemberment (AD&D) policy and named his son as beneficiary. M has the right to change the beneficiary designation at anytime. What type of beneficiary is his son? How would a contingent beneficiary receive the policy proceeds in an Accidental Death and Dismemberment (AD&D) policy? What is the un...