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Xcel Life Policies Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024

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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

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