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Policy can alternate between forms of term and whole life insurance. John received a one-time distribution of $50,000 from his modified endowment contract (MEC). Prior to that, the contact's cash value was $150,000, the contract investment amount was $100,000, and the death benefit was $500,000. What percentage of the $50,000 distribution was ... XCEL is the nation’s most trusted provider of test-prep solutions for insurance industry licensing exams. Our courses are built around questions similar to those seen on the exams. Don’t Delay, Start Today! Extended Access: Get 30-day access to pre-licensing course & then unlock 30 days of access for prep review course and exam simulators. Printable Review Notes. Study Calendar. 24/7 Interactive Online Learning Access. Study anywhere, anytime, on any device.Prepare on Pass Your Insurance Licensing Exam. 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Characterized by a level face amount (death benefit) for a specified period.evenly distributes benefits amongst an insured's according to the family line, branch, or root (i.e., children and grandchildren). Premium Mode. the frequency in which a policyowner elects to pay premiums. Primary Beneficiary. the first beneficiary in line to receive benefit proceeds upon the death of an insured.Basic Principles of Insurance Learn with flashcards, games, and more — for free. ... Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions. 150 terms. mchristoff1991. Preview. XCEL solutions. 128 terms. esmith123450. Preview. Adjuster Licensing. 31 terms. Leah_Hughes61. Preview. Ch. 26: The Patient Record..
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