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Exam (elaborations)

XCEL CHAPTER 4 PART 1 EXAM 2025 QUESTIONS AND ANSWERS

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1 @COPYRIGHT THEBRIGHT 2025/2026 Which of the following are the premium payouts for a Universal life policy NOT used for? - ANS separate account investments A single premium cash value policy can be described as... - ANS a policy that is paid up after only one payment Which type of life insurance is normally associated with Payor Benefit rider? - ANS juvenile insurance Under a Modified Endowment Contract, what are the likely tax consequences? - ANS pre- death distributions will b

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XCEL
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XCEL








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Institution
XCEL
Course
XCEL

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Uploaded on
August 9, 2025
Number of pages
4
Written in
2025/2026
Type
Exam (elaborations)
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Questions & answers

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XCEL CHAPTER 4 PART 1 EXAM 2025
QUESTIONS AND ANSWERS




Which of the following are the premium payouts for a Universal life policy NOT used for? -

ANS separate account investments




A single premium cash value policy can be described as... - ANS a policy that is paid up after

only one payment




Which type of life insurance is normally associated with Payor Benefit rider? - ANS juvenile

insurance




Under a Modified Endowment Contract, what are the likely tax consequences? - ANS pre-

death distributions will become taxable




1 @COPYRIGHT THEBRIGHT 2025/2026

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