XCEL Final Version 2 Newest 2025 Actual Questions
And Correct Detailed Answers (verified
Answers)||Already Graded A+||Brand New Version!!
Policy was returned within the free-look period, premium will be fully refunded. :- answers - :Q
applied for life insurance and submitted the initial premium on January 1. The policy was issued
February 1, but it was not delivered by the agent until February 7. Q is dissatisfied and returns
the policy February 13. How will the insurer handle this situation?
Beneficiary :- answers - :Who is NOT required to sign a life insurance application?
Forward the application o the insurer without the initial premium. :- answers - :What action
should a producer take if the initial premium is NOT Submitted with the application?
applicant's physician :- answers - :An applicant's medical information received from the Medical
Information Bureau (MIB) may be furnished to the
To detect and deter terrorism :- answers - :What is the purpose of the USA Patriot Act
The group was formed for a purpose other than acquiring insurance. :- answers - :Which
requirement must be met for an association to be eligible for a group life plan?
The policy proceeds will be paid if the employee dies during the conversion period. :- answers -
:When an employee is terminated, which statement about a group term life conversion is true?
Certificate :- answers - :A person who is insured within a group contract will be given a
, Immediate annuity :- answers - :W is a 39-year old female who just purchased an annuity to
provide income for life starting at age 60. All of these would be acceptable annuity choices
EXCEPT a(n)
Single premium :- answers - :An immediate annuity consists of a
Social Security :- answers - :What is Old Age and Survivors Health Insurance (OASDHI) also
known as?
Individual Retirement Account (IRA) :- answers - :Which of these retirement plans can be started
by an employee, even if another plan is in existence?
at future dates specified in the contract with no evidence of insurability required. :- answers -
:When does a guaranteed Insurability Rider allow the insured to buy additional coverage?
Reinstatement :- answers - :Which of these provisions require proof of insurability after a policy
has lapsed?
the initial premium. :- answers - :The consideration clause in a life insurance policy indicated
that a policy owner's consideration consists of a completed application and
Entire contract provision :- answers - :what provision in a life insurance policy states that the
application is considered part of the contract?
Contest a claim during the contestable period :- answers - :The incontestable clause allows an
insurer to
Must have a terminal illness to qualify :- answers - :Which of the following statements is correct
about accelerated death benefits?
And Correct Detailed Answers (verified
Answers)||Already Graded A+||Brand New Version!!
Policy was returned within the free-look period, premium will be fully refunded. :- answers - :Q
applied for life insurance and submitted the initial premium on January 1. The policy was issued
February 1, but it was not delivered by the agent until February 7. Q is dissatisfied and returns
the policy February 13. How will the insurer handle this situation?
Beneficiary :- answers - :Who is NOT required to sign a life insurance application?
Forward the application o the insurer without the initial premium. :- answers - :What action
should a producer take if the initial premium is NOT Submitted with the application?
applicant's physician :- answers - :An applicant's medical information received from the Medical
Information Bureau (MIB) may be furnished to the
To detect and deter terrorism :- answers - :What is the purpose of the USA Patriot Act
The group was formed for a purpose other than acquiring insurance. :- answers - :Which
requirement must be met for an association to be eligible for a group life plan?
The policy proceeds will be paid if the employee dies during the conversion period. :- answers -
:When an employee is terminated, which statement about a group term life conversion is true?
Certificate :- answers - :A person who is insured within a group contract will be given a
, Immediate annuity :- answers - :W is a 39-year old female who just purchased an annuity to
provide income for life starting at age 60. All of these would be acceptable annuity choices
EXCEPT a(n)
Single premium :- answers - :An immediate annuity consists of a
Social Security :- answers - :What is Old Age and Survivors Health Insurance (OASDHI) also
known as?
Individual Retirement Account (IRA) :- answers - :Which of these retirement plans can be started
by an employee, even if another plan is in existence?
at future dates specified in the contract with no evidence of insurability required. :- answers -
:When does a guaranteed Insurability Rider allow the insured to buy additional coverage?
Reinstatement :- answers - :Which of these provisions require proof of insurability after a policy
has lapsed?
the initial premium. :- answers - :The consideration clause in a life insurance policy indicated
that a policy owner's consideration consists of a completed application and
Entire contract provision :- answers - :what provision in a life insurance policy states that the
application is considered part of the contract?
Contest a claim during the contestable period :- answers - :The incontestable clause allows an
insurer to
Must have a terminal illness to qualify :- answers - :Which of the following statements is correct
about accelerated death benefits?
