XCEL INSURANCE EXAM QUESTIONS AND ANSWERS 100% VERIFIED UNIVERSITY OF FLORIDA

XCEL INSURANCE EXAM QUESTIONS AND ANSWERS 100% VERIFIED UNIVERSITY OF FLORIDA
What type of life insurance gives the greatest amount of coverage at a
limited period of time?
✔✔Term Life
Which of these life insurance riders allows the applicant to have excess
coverage?
✔✔Term rider
What type of life policy has a death benefit that adjusts periodically and is
written for a specific period of time.
✔✔Decreasing Term
A 15-year Mortgage is best prote4ctedd by what kind of life policy?
✔✔15-year decreasing term
Credit life insurance is..
✔✔issued in an amount not to exceed the amount of the loan
What type of life insurance are credit policies issued as?
✔✔Term
What kind of life insurance starts out as temporary coverage but can be
later modified to permanent coverage without evidence of insurability?
✔✔Convertible Term