Course:
XCEL
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XCEL
XCEL practice exams Q&A Latest Update
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Uploaded on: | May 8, 2025 |
Last updated: | May 8, 2025 |
Number of pages: | 28 |
Written in: | 2025/2026 |
Type: | Exam (elaborations) |
Contains: | Questions & Answers |
Tags: | XCEL practice exams Q&A Latest Update |
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Bundle for XCEL Life Insurance Solutions EXAMS Q&A Latest Update 2025-2026
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XCEL practice exams | Q&A Latest 2025/2026 | 100% PASS A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be correct? - Answer -20-Pay Life accumulates cash value faster than Straight Life A variable insurance policy: - Answer -does not guarantee a return on its investment accounts A Renewable Term Policy is renewable at the option of the: - Answer Insured Which of these types of life insurance allows the policyowner to have level premiums and to also choose from a selection of investment options? - Answer -Variable Life Which of the following actions is NOT possible with a Universal Life policy? - Answer -Premiums may be applied as a credit against income tax Which provision allows the policyowner to change a term life policy to a permanent one without providing proof of good health? - Answer conversion What type of policy would offer a 40-year old the quickest accumulation of cash value? - Answer -20-pay life