10/23/25, 9:40 AM XCEL Final Exam California Life Insurance Exam Questions & Answers | Latest Already Graded A+ UPDATE 2025|2026!! STUDY …
XCEL Final Exam California Life Insurance Exam
Questions & Answers | Latest Already Graded A+
UPDATE 2025|2026!! STUDY GUIDE EXAM
Save
Terms in this set (125)
A savings vehicle Deferred Annuity
designed to first
accumulate funds and
then systematically
liquidates the funds is
called a(n)
Cindy buys a 10-year 60 Payments
certain annuity with an
installment refund. After
receiving monthly
payments for 5 years,
Cindy dies. How many
remaining payments will
the insurer make to her
beneficiary?
What distinguishes a The time at which benefit payments start
deferred annuity from an
immediate annuity?
The systematic liquidation Annuity
of a sum of money is
provided by a(n)
https://quizlet.com/1097326508/xcel-final-exam-california-life-insurance-exam-questions-answers-latest-already-graded-a-update-20252026-study-gu… 1/14
, 10/23/25, 9:40 AM XCEL Final Exam California Life Insurance Exam Questions & Answers | Latest Already Graded A+ UPDATE 2025|2026!! STUDY …
What kind of annuity pays Joint And Survivor Annuity
income to two annuitants
until their deaths?
Which of the following is Offers a maximum interest rate that increases annually
NOT a feature of equity-
indexed annuities?
An annuitant would like to Exclusion Ratio
determine the amount of
an annuity distribution that
is exempt from taxation.
What is used to calculate
this?
An annuity which is Variable Annuity
backed by a life insurer's
separate account is called
a(n)
Which of the following is a Insurance Policy
contract that involves one
party which indemnifies
another when a loss arises
from an unknown event?
Which of the following is Losses due to fraud are eliminated
NOT a benefit of
insurance?
What is a participating life Contract that allows the policyowner to receive a
insurance policy? share of surplus in the form of policy dividends
Which of the following is Captive Insurer
an insurer established by a
parent company for the
purpose of insuring the
parent company's loss
exposures?
https://quizlet.com/1097326508/xcel-final-exam-california-life-insurance-exam-questions-answers-latest-already-graded-a-update-20252026-study-gu… 2/14
XCEL Final Exam California Life Insurance Exam
Questions & Answers | Latest Already Graded A+
UPDATE 2025|2026!! STUDY GUIDE EXAM
Save
Terms in this set (125)
A savings vehicle Deferred Annuity
designed to first
accumulate funds and
then systematically
liquidates the funds is
called a(n)
Cindy buys a 10-year 60 Payments
certain annuity with an
installment refund. After
receiving monthly
payments for 5 years,
Cindy dies. How many
remaining payments will
the insurer make to her
beneficiary?
What distinguishes a The time at which benefit payments start
deferred annuity from an
immediate annuity?
The systematic liquidation Annuity
of a sum of money is
provided by a(n)
https://quizlet.com/1097326508/xcel-final-exam-california-life-insurance-exam-questions-answers-latest-already-graded-a-update-20252026-study-gu… 1/14
, 10/23/25, 9:40 AM XCEL Final Exam California Life Insurance Exam Questions & Answers | Latest Already Graded A+ UPDATE 2025|2026!! STUDY …
What kind of annuity pays Joint And Survivor Annuity
income to two annuitants
until their deaths?
Which of the following is Offers a maximum interest rate that increases annually
NOT a feature of equity-
indexed annuities?
An annuitant would like to Exclusion Ratio
determine the amount of
an annuity distribution that
is exempt from taxation.
What is used to calculate
this?
An annuity which is Variable Annuity
backed by a life insurer's
separate account is called
a(n)
Which of the following is a Insurance Policy
contract that involves one
party which indemnifies
another when a loss arises
from an unknown event?
Which of the following is Losses due to fraud are eliminated
NOT a benefit of
insurance?
What is a participating life Contract that allows the policyowner to receive a
insurance policy? share of surplus in the form of policy dividends
Which of the following is Captive Insurer
an insurer established by a
parent company for the
purpose of insuring the
parent company's loss
exposures?
https://quizlet.com/1097326508/xcel-final-exam-california-life-insurance-exam-questions-answers-latest-already-graded-a-update-20252026-study-gu… 2/14
