XCEL LIFE INSURANCE EXAM 2026
COMPLETE QUESTION DIGEST WITH
CORRECT SOLUTIONS
◉Under a non-qualified annuity, interest is taxed after the. Answer:
exclusion ratio has been calculated
◉When does an immediate annuity begin making payments?.
Answer: After multiple premiums have been paid
◉Matt is applying for life insurance and requests a double
indemnity rider. A double indemnity benefit will be payable to Matt's
beneficiary if Matt. Answer: dies instantly from a car accident
◉Purchasing a life insurance policy in order to avoid the forced sale
of assets upon death is called. Answer: estate conservation
◉An accident and health insurer has just received written proof of
loss from one of its insureds. The insured must now wait 60 days
before. Answer: bringing legal action agaínst the insurer
, ◉In a Long-Term Care policy, activities of daily living (ADL's) can be
each of the following EXCEPT. Answer: Talking
◉Kathy pays a monthly premium on her health insurance policy.
How long is her grace period?. Answer: 10 days
◉Legal purpose is a term used in contract law meaning. Answer:
there must be legal reasons for entering into the contract
◉Which of the following is INELIGIBLE to participate in a Section
125 Plan?. Answer: An S-Corp Owner with a greater than 2% share
◉Which of the following pertains to the analysis of an applicant's
personal information and determining whether insurance should be
issued or declined?. Answer: Underwriting
◉Which settlement option pays a stated amount to an annuitant, but
no residual value to a beneficiary?. Answer: Life income
◉Which of the following is NOT an eligible dependent on an
Accident and Health policy?. Answer: 27 year old married child
◉A life settlement broker is someone who is. Answer: licensed to
negotiate a life settlement contract
COMPLETE QUESTION DIGEST WITH
CORRECT SOLUTIONS
◉Under a non-qualified annuity, interest is taxed after the. Answer:
exclusion ratio has been calculated
◉When does an immediate annuity begin making payments?.
Answer: After multiple premiums have been paid
◉Matt is applying for life insurance and requests a double
indemnity rider. A double indemnity benefit will be payable to Matt's
beneficiary if Matt. Answer: dies instantly from a car accident
◉Purchasing a life insurance policy in order to avoid the forced sale
of assets upon death is called. Answer: estate conservation
◉An accident and health insurer has just received written proof of
loss from one of its insureds. The insured must now wait 60 days
before. Answer: bringing legal action agaínst the insurer
, ◉In a Long-Term Care policy, activities of daily living (ADL's) can be
each of the following EXCEPT. Answer: Talking
◉Kathy pays a monthly premium on her health insurance policy.
How long is her grace period?. Answer: 10 days
◉Legal purpose is a term used in contract law meaning. Answer:
there must be legal reasons for entering into the contract
◉Which of the following is INELIGIBLE to participate in a Section
125 Plan?. Answer: An S-Corp Owner with a greater than 2% share
◉Which of the following pertains to the analysis of an applicant's
personal information and determining whether insurance should be
issued or declined?. Answer: Underwriting
◉Which settlement option pays a stated amount to an annuitant, but
no residual value to a beneficiary?. Answer: Life income
◉Which of the following is NOT an eligible dependent on an
Accident and Health policy?. Answer: 27 year old married child
◉A life settlement broker is someone who is. Answer: licensed to
negotiate a life settlement contract
