Xcel life i Study guides, Class notes & Summaries

XCEL LIFE INSURANCE FINAL EXAM LATEST 2024 XCEL SOLUTIONS LIFE INSURANCE EXAM 250 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+.

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

Xcel Life Insurance Exam/150 Questions and Answers

According to the principle of Utmost Good Faith, the insured will answer questions on the application to the best of their knowledge and pay premium, while the insurer will deal fairly with the insurer and it's - correct answer -promises made Bob and Tom start a business. Since each partner contributes an important element to the success of the business, they decide to take life insurance policies out on each other, and name each other as beneficiaries. Eventually, they retire and dissolve t...

What are the members of the Medical Bureau (MIB) required to report? - correct answer -Medical ailments discovered during the underwriting process When an insurance company requests an attending physician's report, the request must be accompanied by a - correct answer -copy of the signed authorization Tim was recently terminated from his employment and opted to change his existing group term life insurance to individual permanent life insurance. What is this process called? - correct answ...

The principle of insurable interest, in regards to a life insurance contract is accurately described in which statement? 1) An agent establishes insurable interest 2) An individual does not have insurable interest on his or her own life 3) Insurable interest only pertains to business arrangements 4) Insurable interest can be based on the love and affection of individuals related by blood or law - correct answer -4) Insurable interest can be based on the love and affection of individuals related ...

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 considered to be an alternative to a life settlement? - Accelered de...

Xcel Life Insurance Exam Questions and Answers Already Passed 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 considered to be...

Xcel Life Insurance Exam | Questions with 100% Correct Answers | Latest Update 2024 | Verified

Replacement regulation is designed to protect Correct Answer Policyowners from mirepresentation and loss of benefits All Health Benefit Plans issued after January 1, 2014 must provide Correct Answer Preventative health services Which of these will have the highest monthly payout upon annuitization Correct Answer Straight life Which of the following is included in the entire contract according ti the entire contract provison? Correct Answer Clauses Which of the following is considered...