XCEL CHAPTER 6 EXAM 2025 QUESTIONS AND ANSWERS

XCEL CHAPTER 6 EXAM 2025
QUESTIONS AND ANSWERS



A life insurance claim which involves a per capita distribution of policy proceeds would be

payable to the?


A. estate of the insured only


B. estate of the deceased beneficiaries only


C. named contingent beneficiaries only


D. named living primary beneficiaries - ANS named living primary beneficiaries




Mortality is calculated by using a large risk pool of?


A. hobbies and time


B. people and time


C. family history and geographical area


D. insurance companies and agents - ANS people and time




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, A policyowner is prohibited from making any changes to the policy without the beneficiary's

written consent under which beneficiary designation?


A. Contingent beneficiary


B. Tertiary beneficiary


C. Revocable beneficiary


D. Irrevocable beneficiary - ANS Irrevocable beneficiary




Over the course of a year, which premium payment mode is most expensive?


A. Monthly


B. Quarterly


C. Semi-Annually


D. Annually - ANS Monthly




Naming a contingent beneficiary as "all surviving children" is described by which term?


A. Contingent designation


B. Primary designation


C. Class designation


D. Tertiary designation - ANS Class designation
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