Xcel chapter 4 Study guides, Class notes & Summaries

XCEL Chapter 4 Exam Questions with Correct Answers Donald is the primary insured of a life insurance policy and adds a children's term rider. What is the advantage of adding this rider? A. Can be converted to permanent coverage without evidence of insurability B. Coverage can be different for each child C. Premiums on this rider are not required until the limiting age is reached D. Increases the policy's overall cash value - Answer-Can be converted to permanent coverage without evidenc...

XCEL Chapter 4 ExaDonald is the primary insured of a life insurance policy and adds a children's term rider. What is the advantage of adding this rider? A. Can be converted to permanent coverage without evidence of insurability B. Coverage can be different for each child C. Premiums on this rider are not required until the limiting age is reached D. Increases the policy's overall cash value - Answer-Can be converted to permanent coverage without evidence of insurability A renewable Term...

XCEL Chapter 4: Life Insurance Policies - Provisions, Options and Riders Which statement regarding whole life insurance is accurate? - correct answer Insurance coverage can continue for life When a ten year renewable term life insurance policy issued at age 45 is renewed, the premium rate will be the current rate for - correct answer Ten year term insurance for a person aged 55 When would evidence of insurability be required for a person already covered with a variable universal life poli...

XCEL Chapter 4 Life Insurance Policies - Provisions, Options and RidersWhich statement regarding whole life insurance is accurate? - correct answer Insurance coverage can continue for life When a ten year renewable term life insurance policy issued at age 45 is renewed, the premium rate will be the current rate for - correct answer Ten year term insurance for a person aged 55 When would evidence of insurability be required for a person already covered with a variable universal life policy?...

XCEL Chapter 4: Life Insurance Policies - Provisions, Options and Riders Qs with correct answers

XCEL Chapter 4 Questions and Answers Rated A+ John and Mary have a handicapped child that is financially dependent upon them. The death of one of the parents would not be financially disastrous, however the death of both likely would be. Which policy would be best suited for them? Second-to-die policy An insurance policy written after 1988 that fails to pass the seven-pay test is known as a modified endowment contract What is the proper order of initial life insurance premiums, from lowest to...

Excel Chapter 4 Multiple Choice Questions and Answers Graded A+ You have a large dataset that will print on several pages. You want to ensure that related records print on the same page with column and row labels visible and that confidential information is not printed. You should apply all of the following page setup options except which one to accomplish this task? Change the print page order. Adjust page breaks. Set a print area. Print titles. Change the print page order You are working...

XCEL CHAPTER 4 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ 100% GUARANTEED PASS Donald is the primary insured of a life insurance policy and adds a children's term rider. What is the advantage of adding this rider? A. Can be converted to permanent coverage without evidence of insurability B. Coverage can be different for each child C. Premiums on this rider are not required until the limiting age is reached D. Increases the policy's overall cash value Can be converted to ...

XCEL CHAPTER 4: LIFE INSURANCE POLICIES - PROVISIONS, OPTIONS AND RIDERS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Which statement regarding whole life insurance is accurate? Correct Answer: Insurance coverage can continue for life When a ten year renewable term life insurance policy issued at age 45 is renewed, the premium rate will be the current rate for Correct Answer: Ten year term insurance for a person aged 55 When would evidence of insurability be r...

XCEL CHAPTER 4 A EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED Rob purchased a standard whole life policy with a $500,000 death benefit when he was age 30. His insurance agent told him the policy would be paid up if he reached age 100. The present cash value of the policy equals $250,000. Rob recently died at age 60. The death benefit would be 500,000.00 A life insurance policy that has premiums fully paid up within a stated time period is called limited payment insurance A Modified End...