XCEL Solutions Life and Health License Exam (CA) 200 Questions with Correct Answers

XCEL Solutions Life and Health License Exam (CA) 200 Questions with Correct Answers
A saving vehicle designed to first accumulate funds and then systematically liquidates the funds -
Correct Answer Deferred annuity
An annuity which is backed by a life insurer's separate account - Correct Answer Variable Annuity
Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments
for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? -
Correct Answer 60 payments
An annuitant would like to determine the current value of her annuity. To do this, she multiplies the
number of "accumulation units" she owns times the unit value of the "separate account". What kind
of annuity BEST matches this description? - Correct Answer Variable Annuity
An annuitant would like to determine the amount of an annuity distribution that is exempt from
taxation. What is used to calculate this? - Correct Answer Exclusion Ratio
What is a common reason people purchase an annuity? - Correct Answer To protect against the risk
of outliving their financial resources
Which of the following is NOT a feature of equity annuities? - Correct Answer Offers a maximum
interest rate that increases annually
When a mutual insurer becomes a stock company, the process is called - Correct Answer
Demutualization
An insurer owned by its policyholder is called a - Correct Answer Mutual insurer
Which of the following statements regarding a life insurance policy dividend is TRUE? - Correct
Answer It is the distribution of excess of funds accumulated by the insurer on participating policies
Which of the following is a type of insurance where an insurer transfers loss exposure from policies
written for its insureds? - Correct Answer Reinsurance

XCEL Solutions Life and Health License Exam,XCEL Solutions Life and Health License Test,XCEL Solutions Life and Health License Flashcard,XCEL Solutions Life and Health License quiz,XCEL Solutions Life and Health License Practice,XCEL Solutions Life and Health License Practice test,XCEL Solutions Life and Health License Practice flashcard,XCEL Solutions Life and Health License Practice exam,XCEL Solutions Life and Health License Study guide,XCEL Solutions Life and Health License Practice questions,XCEL Solutions Life and Health License Questions,XCEL Solutions Life and Health License Practice questions and answers,XCEL Solutions Life and Health License Questions and answers,XCEL Solutions Life and Health License pdf,XCEL Solutions Life and Health License quizlet,XCEL Solutions Life and Health License reddit,XCEL Solutions Life and Health License Answer sheet,XCEL Solutions Life and Health License Answer key,XCEL Solutions Life and Health License Pdf free,XCEL Solutions Life and Health License Exam help,XCEL Solutions Life and Health License Cheat sheet,XCEL Solutions Life and Health License quiz bank,XCEL Solutions Life and Health License Questions bank,XCEL Solutions Life and Health License Practice Guide,XCEL Solutions Life and Health License Guide,XCEL Solutions Life and Health License Testbank,XCEL Solutions Life and Health License Practice Answers,XCEL Solutions Life and Health License Answers,XCEL Solutions Life and Health License Exam prep,XCEL Solutions Life and Health License Prep,XCEL Solutions Life and Health License Pdf download,XCEL Solutions Life and Health License Flashcards,XCEL Solutions Life and Health License Real questions,XCEL Solutions Life and Health License Actual questions,XCEL Solutions Life and Health License Real Questions and answers,XCEL Solutions Life and Health License Actual Questions and answers,XCEL Solutions Life and Health License Exam review,XCEL Solutions Life and Health License Review,XCEL Solutions Life and Health License Exam questions,XCEL Solutions Life and Health License Exam questions and answers,XCEL Solutions Life and Health License Practice test pdf,XCEL Solutions Life and Health License Practice test quizlet,XCEL Solutions Life and Health License Practice test Reddit,XCEL Solutions Life and Health License Practice test quizlet multiple choice,XCEL Solutions Life and Health License Exam study guide,XCEL Solutions Life and Health License Practice test free,XCEL Solutions Life and Health License Test questions,XCEL Solutions Life and Health License Exam study guide,XCEL Solutions Life and Health License Practice exam free,XCEL Solutions Life and Health License Practice tests free,XCEL Solutions Life and Health License Exam practice test,XCEL Solutions Life and Health License Exam test questions,XCEL Solutions Life and Health License Exam questions and answers,XCEL Solutions Life and Health License Exam practice test