Xcel Life, Accident, Health License Exam Questions Graded A

Xcel Life, Accident, Health License Exam Questions Graded A who is not eligible for social security survivor benefits? A. Full-time students under the age of 19 B. A deceased worker's dependent parents of any age C. A widow at any age who is caring for children younger than 16 D. A widow at full retirement age ️A deceased worker's dependent parents of any age (must be at least 62 years old) what does the group life underwriting risk selection process help protect insurance companies from? ️adverse selection The open enrollment period for Medicare Part B is... ️January 1 through March 31 The period in which there are no social security benefits for the surviving spouse is called ️Blackout period (begins when the youngest child turns 16 and continues until the spouse reaches age 60 at the earliest) ____ is NOT an element of a valid contract? A. countersignature B. legal C. competent parties D. consideration ️Countersignature Major medical expense plans typically use a cost containment measure for emergency hospital care. This is referred to as a(n) - Limitation - Exclusion - Capitation - Deductible ️Deductible What happens when an insurance policy is backdated? - The policy's probation period is earlier than the present - The policy's effective date is earlier than the present - The time frame from reinstating a lapsed policy is extended - The policy's elimination period is waived ️The Policy's effective date is earlier than the present which of the following does restorative dental treamtent cover? - crowns - cleanings - xrays - dentures ️crowns Under what order are people on the MRMIP waiting list allowed to enroll? - Priority is give to those with the most serious health issues - Based on the individual's date of birth - Priority is given to California residents - Based on the date an individual's application is received ️Based on the date an individual's application is received What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured?