5/12/25, 2:27 PM XCEL Final Exam California Life Insurance 2025 COMPREHENSIVE EXAM QUESTIONS WITH DETAILED VERIFIED AND 1…
XCEL Final Exam California Life Insurance 2025
COMPREHENSIVE EXAM QUESTIONS WITH
DETAILED VERIFIED AND 100% CORRECT
ANSWERS BRAND NEW EXAM ALREADY
GRADED A+!!
Save
Terms in this set (125)
A savings vehicle Deferred Annuity
designed to first
accumulate funds and
then systematically
liquidates the funds is
called a(n)
Cindy buys a 10-year 60 Payments
certain annuity with an
installment refund. After
receiving monthly
payments for 5 years,
Cindy dies. How many
remaining payments will
the insurer make to her
beneficiary?
What distinguishes a The time at which benefit payments start
deferred annuity from an
immediate annuity?
https://quizlet.com/1042880607/xcel-final-exam-california-life-insurance-2025-comprehensive-exam-questions-with-detailed-verified-and-100-cor… 1/18
,5/12/25, 2:27 PM XCEL Final Exam California Life Insurance 2025 COMPREHENSIVE EXAM QUESTIONS WITH DETAILED VERIFIED AND 1…
The systematic Annuity
liquidation of a sum of
money is provided by
a(n)
What kind of annuity pays Joint And Survivor Annuity
income to two annuitants
until their deaths?
Which of the following is Offers a maximum interest rate that increases
NOT a feature of equity- annually
indexed annuities?
An annuitant would like Exclusion Ratio
to determine the amount
of an annuity distribution
that is exempt from
taxation. What is used to
calculate this?
An annuity which is Variable Annuity
backed by a life insurer's
separate account is
called a(n)
Which of the following is Insurance Policy
a contract that involves
one party which
indemnifies another when
a loss arises from an
unknown event?
Which of the following is Losses due to fraud are eliminated
NOT a benefit of
insurance?
What is a participating Contract that allows the policyowner to receive a
life insurance policy? share of surplus in the form of policy dividends
https://quizlet.com/1042880607/xcel-final-exam-california-life-insurance-2025-comprehensive-exam-questions-with-detailed-verified-and-100-cor… 2/18
, 5/12/25, 2:27 PM XCEL Final Exam California Life Insurance 2025 COMPREHENSIVE EXAM QUESTIONS WITH DETAILED VERIFIED AND 1…
Which of the following is Captive Insurer
an insurer established by
a parent company for the
purpose of insuring the
parent company's loss
exposures?
Which of the following is Increases the unearned premium reserve
NOT a characteristic of
reinsurance?
Which of the following is Reinsurance
a type of insurance
where an insurer transfers
loss exposures from
policies written for its
insureds?
An insurer owned by its Mutual Insurer
policyholders is called a
Which of the following Indemnity Contract
contracts is defined as
"one that restores an
injured party to the
condition that was
present before the loss"?
If a material warranty Rescind The Policy
violation on the part of
the insured is found, what
recourse does an insurer
have?
Restoring an insured to Indemnity
the same condition as
before a loss is an
example of the principle
of
https://quizlet.com/1042880607/xcel-final-exam-california-life-insurance-2025-comprehensive-exam-questions-with-detailed-verified-and-100-cor… 3/18
XCEL Final Exam California Life Insurance 2025
COMPREHENSIVE EXAM QUESTIONS WITH
DETAILED VERIFIED AND 100% CORRECT
ANSWERS BRAND NEW EXAM ALREADY
GRADED A+!!
Save
Terms in this set (125)
A savings vehicle Deferred Annuity
designed to first
accumulate funds and
then systematically
liquidates the funds is
called a(n)
Cindy buys a 10-year 60 Payments
certain annuity with an
installment refund. After
receiving monthly
payments for 5 years,
Cindy dies. How many
remaining payments will
the insurer make to her
beneficiary?
What distinguishes a The time at which benefit payments start
deferred annuity from an
immediate annuity?
https://quizlet.com/1042880607/xcel-final-exam-california-life-insurance-2025-comprehensive-exam-questions-with-detailed-verified-and-100-cor… 1/18
,5/12/25, 2:27 PM XCEL Final Exam California Life Insurance 2025 COMPREHENSIVE EXAM QUESTIONS WITH DETAILED VERIFIED AND 1…
The systematic Annuity
liquidation of a sum of
money is provided by
a(n)
What kind of annuity pays Joint And Survivor Annuity
income to two annuitants
until their deaths?
Which of the following is Offers a maximum interest rate that increases
NOT a feature of equity- annually
indexed annuities?
An annuitant would like Exclusion Ratio
to determine the amount
of an annuity distribution
that is exempt from
taxation. What is used to
calculate this?
An annuity which is Variable Annuity
backed by a life insurer's
separate account is
called a(n)
Which of the following is Insurance Policy
a contract that involves
one party which
indemnifies another when
a loss arises from an
unknown event?
Which of the following is Losses due to fraud are eliminated
NOT a benefit of
insurance?
What is a participating Contract that allows the policyowner to receive a
life insurance policy? share of surplus in the form of policy dividends
https://quizlet.com/1042880607/xcel-final-exam-california-life-insurance-2025-comprehensive-exam-questions-with-detailed-verified-and-100-cor… 2/18
, 5/12/25, 2:27 PM XCEL Final Exam California Life Insurance 2025 COMPREHENSIVE EXAM QUESTIONS WITH DETAILED VERIFIED AND 1…
Which of the following is Captive Insurer
an insurer established by
a parent company for the
purpose of insuring the
parent company's loss
exposures?
Which of the following is Increases the unearned premium reserve
NOT a characteristic of
reinsurance?
Which of the following is Reinsurance
a type of insurance
where an insurer transfers
loss exposures from
policies written for its
insureds?
An insurer owned by its Mutual Insurer
policyholders is called a
Which of the following Indemnity Contract
contracts is defined as
"one that restores an
injured party to the
condition that was
present before the loss"?
If a material warranty Rescind The Policy
violation on the part of
the insured is found, what
recourse does an insurer
have?
Restoring an insured to Indemnity
the same condition as
before a loss is an
example of the principle
of
https://quizlet.com/1042880607/xcel-final-exam-california-life-insurance-2025-comprehensive-exam-questions-with-detailed-verified-and-100-cor… 3/18
