Xcel solutions life insurance (Updated for 2025-2026) Real Exam Pack – Questions & Verified Answers
XCEL SOLUTIONS LIFE
INSURANCE
(Updated for 2025-2026) Real Exam
Pack – Questions & Verified Answers
100% Guarantee Pass
This Exam contains: Xcel solutions life
✓ insurance
✓ 100% Accurate Questions and Answers
100% Guarantee Pass - Verified by
✓ Experts
✓ Each Question Includes Correct Answer
Updated for 2025-2026 Exam
✓ Requirements
Trusted by thousands of students and professionals worldwide
Trusted by thousands of students and professionals worldwide Page 1 of 42
, Xcel solutions life insurance (Updated for 2025-2026) Real Exam Pack – Questions & Verified Answers
Question 1
What does the Group Life underwriting risk selection process help protect insurance companies
from?
Correct Answer
Adverse selection is the tendency of less favorable insurance risks to seek or continue insurance
to a greater extent than others.
Question 2
All of the following are exempt from the 10% tax penalty for early qualified plan withdrawals
EXCEPT
Correct Answer
Withdrawing funds from a qualified plan for the purpose of purchasing stocks or other securities
would trigger a 10% tax penalty.
Question 3
Julie has a $100,000 30-year mortgage on her new home. What type of life insurance could she
purchase that is designed to pay off the loan balance if she dies within the 30-year period?
Correct Answer
Decreasing term insurance is normally used to pay off a mortgage balance in the event of death
of the insured.
Question 4
Sharon is the policyowner of a $50,000 life insurance policy. Her son, Mike, is the beneficiary. If
Sharon MUST obtain Mike's signature in order to change the beneficiary, what kind of beneficiary
designation is this?
Correct Answer
An irrevocable beneficiary designation requires the beneficiary's signature.
Trusted by thousands of students and professionals worldwide Page 2 of 42
, Xcel solutions life insurance (Updated for 2025-2026) Real Exam Pack – Questions & Verified Answers
Question 5
Matt is applying for life insurance and requests a double indemnity rider. A double indemnity
benefit will be payable to Matt's beneficiary if Matt
Correct Answer
Matt's beneficiary will be provided with the double indemnity ride if Matt dies instantly from a car
accident.
Question 6
Which type of policy combines the flexibility of a Universal Life Policy with investment choices?
Correct Answer
When the structure and flexibility of a universal life policy are combined with investment choices,
the result is a variable universal life policy.
Question 7
Which situation accurately describes a reduced paid-up nonforfeiture option?
Correct Answer
Policy has a decreased face amount. With a reduced paid-up nonforfeiture option, the policy will
have a decreased face amount.
Question 8
Interest on benefits of a life insurance policy shall begin to accrue ____ days from the date of receipt
of proof of death by the insurer.
Correct Answer
30. Interest on benefits of a life insurance policy shall begin to accrue 30 days from the date of
receipt of proof of death by the insurer.
Trusted by thousands of students and professionals worldwide Page 3 of 42
, Xcel solutions life insurance (Updated for 2025-2026) Real Exam Pack – Questions & Verified Answers
Question 9
A life insurance claim which involves a per capita distribution of policy proceeds would be payable
to the
Correct Answer
named living primary beneficiaries. "Per capita" is a method of life insurance distribution using
total number of individuals.
Question 10
Which of the following describes a person who is NOT acceptable by an insurer at standard rates
because of health history, occupation or hobbies?
Correct Answer
An individual who is not acceptable by an insurer at standard rates because of health history,
occupation or hobbies is called substandard risk.
Question 11
All of these are standard exclusions found in a life insurance policy EXCEPT
Correct Answer
Disability is not one of the standard exclusions found in life insurance policies.
Question 12
Field underwriting performed by the producer involved
Correct Answer
Field underwriting performed by the producer involves completing the application and collecting
the initial premium. Other duties include, but are not limited to providing disclosure information
to the applicant and policy delivery.
Trusted by thousands of students and professionals worldwide Page 4 of 42
XCEL SOLUTIONS LIFE
INSURANCE
(Updated for 2025-2026) Real Exam
Pack – Questions & Verified Answers
100% Guarantee Pass
This Exam contains: Xcel solutions life
✓ insurance
✓ 100% Accurate Questions and Answers
100% Guarantee Pass - Verified by
✓ Experts
✓ Each Question Includes Correct Answer
Updated for 2025-2026 Exam
✓ Requirements
Trusted by thousands of students and professionals worldwide
Trusted by thousands of students and professionals worldwide Page 1 of 42
, Xcel solutions life insurance (Updated for 2025-2026) Real Exam Pack – Questions & Verified Answers
Question 1
What does the Group Life underwriting risk selection process help protect insurance companies
from?
Correct Answer
Adverse selection is the tendency of less favorable insurance risks to seek or continue insurance
to a greater extent than others.
Question 2
All of the following are exempt from the 10% tax penalty for early qualified plan withdrawals
EXCEPT
Correct Answer
Withdrawing funds from a qualified plan for the purpose of purchasing stocks or other securities
would trigger a 10% tax penalty.
Question 3
Julie has a $100,000 30-year mortgage on her new home. What type of life insurance could she
purchase that is designed to pay off the loan balance if she dies within the 30-year period?
Correct Answer
Decreasing term insurance is normally used to pay off a mortgage balance in the event of death
of the insured.
Question 4
Sharon is the policyowner of a $50,000 life insurance policy. Her son, Mike, is the beneficiary. If
Sharon MUST obtain Mike's signature in order to change the beneficiary, what kind of beneficiary
designation is this?
Correct Answer
An irrevocable beneficiary designation requires the beneficiary's signature.
Trusted by thousands of students and professionals worldwide Page 2 of 42
, Xcel solutions life insurance (Updated for 2025-2026) Real Exam Pack – Questions & Verified Answers
Question 5
Matt is applying for life insurance and requests a double indemnity rider. A double indemnity
benefit will be payable to Matt's beneficiary if Matt
Correct Answer
Matt's beneficiary will be provided with the double indemnity ride if Matt dies instantly from a car
accident.
Question 6
Which type of policy combines the flexibility of a Universal Life Policy with investment choices?
Correct Answer
When the structure and flexibility of a universal life policy are combined with investment choices,
the result is a variable universal life policy.
Question 7
Which situation accurately describes a reduced paid-up nonforfeiture option?
Correct Answer
Policy has a decreased face amount. With a reduced paid-up nonforfeiture option, the policy will
have a decreased face amount.
Question 8
Interest on benefits of a life insurance policy shall begin to accrue ____ days from the date of receipt
of proof of death by the insurer.
Correct Answer
30. Interest on benefits of a life insurance policy shall begin to accrue 30 days from the date of
receipt of proof of death by the insurer.
Trusted by thousands of students and professionals worldwide Page 3 of 42
, Xcel solutions life insurance (Updated for 2025-2026) Real Exam Pack – Questions & Verified Answers
Question 9
A life insurance claim which involves a per capita distribution of policy proceeds would be payable
to the
Correct Answer
named living primary beneficiaries. "Per capita" is a method of life insurance distribution using
total number of individuals.
Question 10
Which of the following describes a person who is NOT acceptable by an insurer at standard rates
because of health history, occupation or hobbies?
Correct Answer
An individual who is not acceptable by an insurer at standard rates because of health history,
occupation or hobbies is called substandard risk.
Question 11
All of these are standard exclusions found in a life insurance policy EXCEPT
Correct Answer
Disability is not one of the standard exclusions found in life insurance policies.
Question 12
Field underwriting performed by the producer involved
Correct Answer
Field underwriting performed by the producer involves completing the application and collecting
the initial premium. Other duties include, but are not limited to providing disclosure information
to the applicant and policy delivery.
Trusted by thousands of students and professionals worldwide Page 4 of 42
