Xcel Solutions Final Exam - Michigan Life And Health Questions With Correct Answers 2025

XCEL SOLUTIONS FINAL EXAM - MICHIGAN
LIFE AND HEALTH QUESTIONS WITH
CORRECT ANSWERS 2025
Shawn,AMike,AandADaveAareAbrothersAwhoAhaveAaA$100,000A"firstAtoAdie"AjointAlifeApolicyAcoveringAallAthre
eAofAtheirAlives.AIfAMikeAdiesAfirst,AtheApolicyAproceeds

A.)AWillAnoAlongerAprovideAinsuranceAprotection
A



B.)AWillAgoAtoAMike'sAestate
A



C.)AWwillAbeAdividedAbyAprobate
A



D.)AWillAnotAbeApaidAuntilAtheAlastAbrotherAdiesA-ACORRECTAANSWERA-
A

A.)AWillAnoAlongerAprovideAinsuranceAprotection



SusanAisAinsuredAthroughAherAGroupAHealthAInsuranceAplanAandAchangedAherAcoverageAtoAanAindividualApl
anAwithAtheAsameAinsurerAafterAherAemploymentAwasAterminated.AThisAchangeAisAcalledAa(n)

A.)ACrossover

B.)AConversion

C.)AExchange

D.)AExtensionAofAbenefitsA-ACORRECTAANSWERA-A.)AConversion



WhichAofAtheAfollowingAisANOTAaAcommonAexclusionAforAaAmedicalAexpenseApolicy?

A.)APhysicalATherapy

B.)AActAofAWar

C.)AOn-the-JobAInjury

D.)ASelfAInflictedAInjuryA-ACORRECTAANSWERA-A.)APhysicalATherapy



TheAacceptanceAofAaAcreditAlifeAapplicationArequiresAtheAsubmissionAfoAaAcertificateAofAinsuranceAtoAtheAin
suredAwithinA_____Adays.

A.)A10

B.)A20

C.)A30

D.)A40A-ACORRECTAANSWERA-C.)A30

,InAtheAstateAofAMichigan,AaAlicensedAproducer

A.)ArepresentsAtheAinsurer

B.)AmayAmodifyAinsuranceAcontracts

C.)AapprovesAinsuranceAcontracts

D.)ArepresentsAtheAinsuredA-ACORRECTAANSWERA-A.)ArepresentsAtheAinsurer



AAlifeAinsuranceApolicyAsoldAinAMichiganAmayAbeAcontestedAbyAtheAinsurerAONLYAduringAtheAfirstA_____Ayea
r(s)AofAtheAcontract.

A.)Aone

B.)Atwo

C.)Athree

D.)AfourA-ACORRECTAANSWERA-B.)Atwo



WhichAofAtheAfollowingAdoesAMedicareAPartADAcover?

A.)AintensiveAcareAcoverage

B.)ADoctorAvisits

C.)APrescriptionAdrugs

D.)AHospitalAcoverageA-ACORRECTAANSWERA-C.)APrescriptionAdrugs



WhichAsituationAaccuratelyAdescribesAaAreducedApaid-upAnonforfeitureAoption?

A.)APolicyAhasAaAdecreasedAfaceAamount

B.)AFaceAamountAofAtheAnewApolicyAequalsAthatAofAtheAoriginalApolicy

C.)ACashAvalueAisAsurrenderedAtoApolicyAowner

D.)APremiumsAmustAcontinueAtoAbeApaidA-ACORRECTAANSWERA-A.)APolicyAhasAaAdecreaseAfaceAamount



AnAexampleAofAaApresumptiveAdisabilityAwouldAbe

A.)AaAstroke

B.)Adeafness

, C.)Adiabetes

D.)AcancerA-ACORRECTAANSWERA-B.)Adeafness



UnderAMichiganAInsuranceACode,AChapterA45,AfinancialAlossAcanAbeAdefinedAas

A.)AlossAofAincome

B.)ArestrictiveAfees

C.)ApunitiveApenalties

D.)AadditionalAfinesA-ACORRECTAANSWERA-A.)AlossAofAincome



AAnewbornAmustAbeAcoveredAunderAandAexistingAhealthApolicy

A.)AatAtheAmomentAofAbirth

B.)AwithinA7AdaysAofAbirth

C.)AwithinA10AdaysAofAbirth

D.)AwhenAinitialApremiumAisApaidAforAnewbornA-ACORRECTAANSWERA-A.)AatAtheAmomentAofAbirth



AllAofAtheseAstatementsAconcerningAwholeAlifeAinsuranceAareAfalseAEXCEPT

A.)APolicyAownerAcanAtakeAoutAaApolicyAloanAupAtoAtheAfaceAamount

B.)AWhenAaAwholeAlifeApolicyAisAsurrendered,AincomeAtaxesAmayAbeAowned

C.)ACoverageAisAnormallyAtemporary

D.)ATheAdeathAbenefitAisAnotAaffectedAbyAoutstandingAloansA-ACORRECTAANSWERA-
B.)AWhenAaAwholeAlifeApolicyAisAsurrendered,AincomeAtaxesAmayAbeAowned



WhichApolicyAfeatureAmakesAaAuniversalAlifeApolicyAdifferentAfromAaAwholeAlifeApolicy?

A.)AAAfixedAcashAvalue

B.)AAAflexibleApremiumAschedule

C.)AAAfixedAdeathAbenefit

D.)ATheAabilityAtoAtakeAoutAaApolicyAloanA-ACORRECTAANSWERA-B.)AAAflexibleApremiumAschedule