XCEL Georgia Life, Accident, & Sickness
SIMULATOR 2025/2026 BANK
COMPLETE STUDY GUIDE
ACCURATE REAL EXAM QUESTIONS
TESTING VERSIONS AND A STUDY
GUIDE | EXPERT VERIFIED FOR
GUARANTEED PASS BRAND NEW!!!
Which of the following would be a likely candidate for
disability income insurance on a key employee?
A) Company executive
B) Hourly employee
C) Common shareholder
,D) Secretary to the CEO - ....ANSWER...A) Company
executive
Disability income insurance on a key employee would
likely insure a company executive.
,What is an organization that solicits insurance only to its
members?
A) Non-admitted company
B) Mixed company
C) Captive society
D) Fraternal benefit society - ....ANSWER...D)
Fraternal benefit society
An organization that solicits insurance only among its
members is known as a fraternal benefit society.
According to the Time Payment of Claims provision, the
insurer must pay Disability Income benefits no less
frequently than which of the following options?
A) Annually
B) Semiannually
C) Quarterly
D) Monthly - ....ANSWER...D) Monthly
The time of payment for claims is usually specified in
different policies as 60 days, 45 days, or 30 days.
, However, if the claim involved disability income benefits,
the benefits must be paid not less frequently than
monthly.
What is the basic function of an annuity?
A) The systematic liquidation of accumulated funds
B) The guarantee of a specific sum of money to a
designated beneficiary upon the death of the insured
C) The protection against loss of income due to partial or
total disability
D) The accumulation of funds to pay for life insurance
premiums during retirement years - ....ANSWER...A) The
systematic liquidation of accumulated funds
All of these statement about Equity Indexed Life
Insurance are correct, EXCEPT:
A) Cash value has a minimum rate of accumulation
B) If the gain on the index goes beyond the policy's
2
SIMULATOR 2025/2026 BANK
COMPLETE STUDY GUIDE
ACCURATE REAL EXAM QUESTIONS
TESTING VERSIONS AND A STUDY
GUIDE | EXPERT VERIFIED FOR
GUARANTEED PASS BRAND NEW!!!
Which of the following would be a likely candidate for
disability income insurance on a key employee?
A) Company executive
B) Hourly employee
C) Common shareholder
,D) Secretary to the CEO - ....ANSWER...A) Company
executive
Disability income insurance on a key employee would
likely insure a company executive.
,What is an organization that solicits insurance only to its
members?
A) Non-admitted company
B) Mixed company
C) Captive society
D) Fraternal benefit society - ....ANSWER...D)
Fraternal benefit society
An organization that solicits insurance only among its
members is known as a fraternal benefit society.
According to the Time Payment of Claims provision, the
insurer must pay Disability Income benefits no less
frequently than which of the following options?
A) Annually
B) Semiannually
C) Quarterly
D) Monthly - ....ANSWER...D) Monthly
The time of payment for claims is usually specified in
different policies as 60 days, 45 days, or 30 days.
, However, if the claim involved disability income benefits,
the benefits must be paid not less frequently than
monthly.
What is the basic function of an annuity?
A) The systematic liquidation of accumulated funds
B) The guarantee of a specific sum of money to a
designated beneficiary upon the death of the insured
C) The protection against loss of income due to partial or
total disability
D) The accumulation of funds to pay for life insurance
premiums during retirement years - ....ANSWER...A) The
systematic liquidation of accumulated funds
All of these statement about Equity Indexed Life
Insurance are correct, EXCEPT:
A) Cash value has a minimum rate of accumulation
B) If the gain on the index goes beyond the policy's
2
