Xcel Solutions Final Exam - Michigan Life and Health ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRADED 100% VERIFIED) LATEST VERSION 2025

5/12/25, 11:47 AM Xcel Solutions Final Exam - Michigan Life and Health ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (…




Xcel Solutions Final Exam - Michigan Life and
Health ACTUAL EXAM QUESTIONS WITH
COMPLETE SOLUTION GUIDE) (MULTIPLE
CHOICES) (A+ GRADED 100% VERIFIED) LATEST
VERSION 2025

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Terms in this set (100)


Shawn, Mike, and Dave A.) Will no longer provide insurance protection
are brothers who have a
$100,000 "first to die" joint
life policy covering all
three of their lives. If Mike
dies first, the policy
proceeds
A.) Will no longer
provide insurance
protection
B.) Will go to Mike's
estate
C.) Wwill be divided by
probate
D.) Will not be paid until
the last brother dies




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Susan is insured through A.) Conversion
her Group Health
Insurance plan and
changed her coverage to
an individual plan with
the same insurer after her
employment was
terminated. This change is
called a(n)
A.) Crossover
B.) Conversion
C.) Exchange
D.) Extension of benefits

Which of the following is A.) Physical Therapy
NOT a common exclusion
for a medical expense
policy?
A.) Physical Therapy
B.) Act of War
C.) On-the-Job Injury
D.) Self Inflicted Injury

The acceptance of a C.) 30
credit life application
requires the submission
fo a certificate of
insurance to the insured
within _____ days.
A.) 10
B.) 20
C.) 30
D.) 40




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,5/12/25, 11:47 AM Xcel Solutions Final Exam - Michigan Life and Health ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (…


In the state of Michigan, a A.) represents the insurer
licensed producer
A.) represents the insurer
B.) may modify insurance
contracts
C.) approves insurance
contracts
D.) represents the insured

A life insurance policy B.) two
sold in Michigan may be
contested by the insurer
ONLY during the first _____
year(s) of the contract.
A.) one
B.) two
C.) three
D.) four

Which of the following C.) Prescription drugs
does Medicare Part D
cover?
A.) intensive care
coverage
B.) Doctor visits
C.) Prescription drugs
D.) Hospital coverage




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Which situation A.) Policy has a decrease face amount
accurately describes a
reduced paid-up
nonforfeiture option?
A.) Policy has a
decreased face amount
B.) Face amount of the
new policy equals that of
the original policy
C.) Cash value is
surrendered to policy
owner
D.) Premiums must
continue to be paid

An example of a B.) deafness
presumptive disability
would be
A.) a stroke
B.) deafness
C.) diabetes
D.) cancer

Under Michigan A.) loss of income
Insurance Code, Chapter
45, financial loss can be
defined as
A.) loss of income
B.) restrictive fees
C.) punitive penalties
D.) additional fines

A newborn must be A.) at the moment of birth
covered under and
existing health policy
A.) at the moment of birth
B.) within 7 days of birth
C.) within 10 days of birth
D.) when initial premium
is paid for newborn


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