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Xcel Life, Accident, Health License Exam Questions with 100% Correct Answers

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Xcel Life, Accident, Health License Exam Questions with 100% Correct Answers 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...

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  • August 30, 2024
  • 218
  • 2024/2025
  • Exam (elaborations)
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SophiaBennett
©SOPHIABENNETT@2024-2025 Monday, August 26, 2024 6:09 AM




Xcel Life, Accident, Health License Exam
Questions with 100% Correct Answers

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 - Answer✔️✔️-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? - Answer✔️✔️-adverse selection

The open enrollment period for Medicare Part B is... - Answer✔️✔️-January
1 through March 31

The period in which there are no social security benefits for the surviving
spouse is called - Answer✔️✔️-Blackout period




1

, ©SOPHIABENNETT@2024-2025 Monday, August 26, 2024 6:09 AM



(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 - Answer✔️✔️-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 - Answer✔️✔️-Deductible

What happens when an insurance policy is backdated?



- The policy's probation period is earlier than the present




2

, ©SOPHIABENNETT@2024-2025 Monday, August 26, 2024 6:09 AM



- 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 - Answer✔️✔️-The Policy's
effective date is earlier than the present

which of the following does restorative dental treamtent cover?



- crowns

- cleanings

- xrays

- dentures - Answer✔️✔️-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 - Answer✔️✔️-
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?


3

, ©SOPHIABENNETT@2024-2025 Monday, August 26, 2024 6:09 AM




- Funeral expense fund

- Specified amount of money

- Policy dividend

- Policy's cash value - Answer✔️✔️-Specified amount of money

Which type of life insurance offers flexible premiums, a flexible death
benefit, and the choice of how the cash value will be invested?



- Modified whole life policy

- Adjustable life policy

- Universal policy

- Variable universal policy - Answer✔️✔️-Variable universal policy

Which of these premium payment frequencies is not typically available to a
policyowner?



- Quarterly

- Semi-annual

- Bi-weekly




4

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