XCEL – ALABAMA LIFE INSURANCE EXAM WITH CORRECT ACTUAL QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS

XCEL – ALABAMA LIFE INSURANCE EXAM WITH
CORRECT ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS




Play your way to mastery with fun games


Match Blocks Charms NEW




Practice questions for this set


Learn 1 /7 Study with Learn




the accumulated cash value ($10,000 less interest)



Choose an answer



An insurance company that cedes a portion of n insured's coverage to another insurer is
said to be engaged in:


1 a. transference
b. reinsurance

, c. participation
d. mutuality

2 mortgage protection is typically covered with:



wick owns a $100,000 life insurance policy with a cash value of $10,000. how much can he
3
borrow up to?



4 all of these statements concerning a key employee life policy is true except



Don't know?




Terms in this set (100)



An insurance company that cedes a b. reinsurance
portion of n insured's coverage to
another insurer is said to be engaged
in:


a. transference
b. reinsurance
c. participation
d. mutuality


John is an annuitant who has b. tax on the intrest earned
surrendered his annuity at age 55.
What will he pay?


a. A surrender penalty
b. Tax on the interest earned
c. A surrender penalty and tax on the
interest earned
d. No tax and no penalty