xcel Life Policies |53 Exam Questions with 100% Correct Answers | Updated & Verified

Which type of multiple protection policy pays on the death of the last person? A. Joint Life Policy B. Dual Life Policy C. Multiple Life Policy D. Survivorship Life Policy - ️️D. Survivorship Life Policy A policyowner may change two policy features on what type of life insurance? A. Adjustable Life B. Modified Whole Life C. Decreasing Term Life D. Whole Life - ️️A. Adjustable Life Adjustable Life allows the policyowner to change two policy features: premium and face amount. A single premium cash value policy can be described as A. A policy that is guaranteed issue B. A policy that is paid up after only one payment C. A policy that covers two or more lives D. A policy that only requires an annual payment - ️️B. A policy that is paid up after only one payment