XCEL 128 Questions And Answers

A partial surrender is allowed in which of the following life policies? - ️️Universal life All of the following riders can increase the death benefit amount EXCEPT - ️️Waiver of Premium A health insurance policy where the insurer has the right to terminate the policy fr reasons other than the insureds health is called - ️️Conditionally Renewable A proposed insured for a health insurance policy was treated for heart disease within the past year. When applying for health insurance, the heart disease treatment - ️️Indicates a preexisting condition How do interest earnings accumulated in a deferred annuity - ️️On a tax-deferred basis Which of the following statements is NOT true regarding a Critical Illness Plan - ️️Coverage is limited to a single devastating disease Which of these is a TRUE statement regarding HIC's - ️️HIC's operate on a prepayment basis James is insured on a life insurance policy where his age was misstated on the application. Which of the following is CORRECT regarding the death benefit amount? - ️️The death benefit paid will be what the premium would have purchased at the correct age How son can the benefit payments begin with a deferred annuity? - ️️A minimum of 12 months after date of purchase