XCEL Final Exam California Life Insurance Exam
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12/15th of the policy's face amount
Choose an answer
A savings vehicle designed to first accumulate funds and then systematically
1
liquidates the funds is called a(n)
2 Which of the following is NOT a characteristic of reinsurance?
3 What kind of annuity pays income to two annuitants until their deaths?
Jerry is an insured who understated his age on his life insurance application, paying
4 $12 per $1,000 of insurance instead of $15 per $1,000. If he dies, how will the
adjusted death benefit be calculated?
, Don't know?
Terms in this set (125)
A savings vehicle designed to first Deferred Annuity
accumulate funds and then
systematically liquidates the funds is
called a(n)
Cindy buys a 10-year certain annuity 60 Payments
with an installment refund. After
receiving monthly payments for 5
years, Cindy dies. How many
remaining payments will the insurer
make to her beneficiary?
What distinguishes a deferred The time at which benefit payments start
annuity from an immediate annuity?
The systematic liquidation of a sum Annuity
of money is provided by a(n)
What kind of annuity pays income Joint And Survivor Annuity
to two annuitants until their deaths?
Which of the following is NOT a Offers a maximum interest rate that increases
feature of equity-indexed annuities? annually
Questions & Answers | Latest Already Graded A+
UPDATE 2025|2026!! STUDY GUIDE EXAM
Save
Practice questions for this set
Learn 1 /7 Study with Learn
12/15th of the policy's face amount
Choose an answer
A savings vehicle designed to first accumulate funds and then systematically
1
liquidates the funds is called a(n)
2 Which of the following is NOT a characteristic of reinsurance?
3 What kind of annuity pays income to two annuitants until their deaths?
Jerry is an insured who understated his age on his life insurance application, paying
4 $12 per $1,000 of insurance instead of $15 per $1,000. If he dies, how will the
adjusted death benefit be calculated?
, Don't know?
Terms in this set (125)
A savings vehicle designed to first Deferred Annuity
accumulate funds and then
systematically liquidates the funds is
called a(n)
Cindy buys a 10-year certain annuity 60 Payments
with an installment refund. After
receiving monthly payments for 5
years, Cindy dies. How many
remaining payments will the insurer
make to her beneficiary?
What distinguishes a deferred The time at which benefit payments start
annuity from an immediate annuity?
The systematic liquidation of a sum Annuity
of money is provided by a(n)
What kind of annuity pays income Joint And Survivor Annuity
to two annuitants until their deaths?
Which of the following is NOT a Offers a maximum interest rate that increases
feature of equity-indexed annuities? annually
