Xcel

Shawn, Mike, and Dave are brothers who have a $100,000 "first to die" joint life policy covering all three of their lives. If Mike dies first, the policy proceeds A.) Will no longer provide insurance protection B.) Will go to Mike's estate C.) Wwill be divided by probate D.) Will not be paid until the last brother dies - ANSWER>>A.) Will no longer provide insurance protection Susan is insured through her Group Health Insurance plan and changed her coverage to an individ...

XCEL FINAL EXAM LATEST WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS ALREADY GRADED A+ 100% GUARANTEED PASS!

XCEL RETIREMENT PLANS EXAM QUESTIONS WITH COMPLETE 100% VERIFIED SOLUTIONS ALREADY PASSED Which plan is intended to be used by a sole proprietor and the employees of that business? Keogh Plan In an individual retirement account (IRA), rollover contributions are: not limited by dollar amount An employer that offers a qualified retirement plan to its employees is eligible to: make tax-deductible contributions to the plan What is the excise tax rate the IRS imposes on individuals aged 70 1...

XCEL TESTING SOLUTIONS- LIFE AND HEALTH INSURANCE- WEIGHTED EXAM- 150 QUESTIONS AND VERIFIED 100% SOLVED COMPLETED ANSWERS GRADED A+ The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT insurance sales calls Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called ...

XCEL SOLUTIONS - FINAL EXAM LATEST QUESTIONS AND VERIFIED ANSWERS GRADED A+ UPDATED K has a life insurance policy where her husband is beneficiary and her daughter is contingent beneficiary. Under the Common Disaster clause, if K and her husband are both killed in an automobile accident, where would the death proceeds be directed? Daughter When is a Group Health policy required to provide coverage for a newborn child? At the moment of birth What is the required renewability status of all ...

XCEL NORTH CAROLINA LAWS AND RULES EXAM QUESTIONS WITH COMPLETE VERIFIED ANSWERS GRADED A+ Which of the following is NOT an unfair claim settlement practice? Needing written documentation of claim details Z is an agent who violated the Insurance Information and Privacy Protection Act. Z was then issued and served a statement of charges and notice of hearing by the Commissioner of Insurance. Z's hearing date must be at least ____ days after service of charges. 10 K sent a renewal premium ...

XCEL CHAPTER 14 DISABILITY INSURANCE EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ what is the elimination period of an individual Disability Policy? time period A disabled person must wait before benefits are paid typically, long term disability benefits are coordinated with which Benefit Plan? social security the factor used most often when underwriting a disability income policy is annual earnings Tyler purchased a Disability Policy with a waiver of premium Rider on April...

XCEL LIFE POLICIES EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ 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 t...

XCEL CHAPTER 8 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ Which of the following statements regarding equity index contract factors is most CORRECT? Cash values of equity index contracts typically grow at a minimum interest rate. Which of the following is a fair comparison between life insurance and annuities? Both life insurance and annuities use mortality tables Variable annuity payouts are adjusted based upon which of the following? Annuity units

XCEL CHAPTER 1 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ the fair credit and Reporting Act main purpose is to protect consumers with guidelines regarding credit reporting and distribution a plan in which an employer pays insurance benefits from a fund derived from the employer's current revenues is called a self-funded plan what kind of life insurance policy issued by a mutual insurer provides a return of divisible Surplus? participating life insurance policy why...