MICHIGAN LIFE AND HEALTH FINAL EXAM /
STUDY GUIDE / LATEST VERSION /QUESTIONS
AND CORRECT ANSWERS WITH RATIONALES /
A+ GRADE SCORE SOLUTION(REAL DEAL).
Save
Terms in this set (242)
What amount will be paid an amount the premium would have purchased at the
under a policy where the correct age
insured misstated his/her
age?
the acceptance of a credit 30 days
life application requires
the submission of a
certificate of insurance to
the insured within_____ days
which of these is Accelerated death benefit
considered to be a Living
benefit option in a life
insurance policy
loans obtained by a policy would not be treated as taxable income
owner against the cash
value of a life insurance
policy
,A long term care policy acute care
typically provides all of
the following levels of
care EXCEPT
the elimination period the specific # of days an insured must wait before
under a hospital indemnity becoming eligible to receive benefits for each
plan is hospitalization
what is an insurance Period of time after the premium is due but the policy
policy's grace period? remains in force
How do interest earnings On a tax-deferred basis
accumulate in a deferred
annuity
a licensee who is required 3
to take continuing
education Must include
how many ethics
coursework hours
the automatic premium Past due premiums that have not been paid by the
loan provision authorizes end of the grace period
an insurer to withdraw
from a policy's cash value
the amount of
health insurance involves sickness
two perils, accident and
______
Who is responsible for Insurance carriers
assembling the policy
forms for insureds
a securities license is variable life insurance
required for a life
insurance producer to sell
Which of the following is giving the insured an article of merchandise printed
NOT an illegal inducement with the producers name costing 5$
, Which of the following is employee must be able to make unlimited
NOT a federal requirement contributions
of a qualified plan?
Which dividend option Accumulation at interest option
would an insurer invest the
policy owner's money and
add any interest earnings
as the dividends accrue?
a health insurance policy preventative health services
will typically cover
a life insurance policy Disability income rider
owner was injured in a car
accident which results in a
total and permanent
disability. which rider
would pay a monthly
amount because of this
disability?
in addition to the actual the application
policy, an entire contract
includes which of the
following?
field underwriting completing the application and collecting initial
preformed by the premium
producer involves
Kathy pays a monthly 10 days
premium on her health
insurance policy. How
long is her grace period?
STUDY GUIDE / LATEST VERSION /QUESTIONS
AND CORRECT ANSWERS WITH RATIONALES /
A+ GRADE SCORE SOLUTION(REAL DEAL).
Save
Terms in this set (242)
What amount will be paid an amount the premium would have purchased at the
under a policy where the correct age
insured misstated his/her
age?
the acceptance of a credit 30 days
life application requires
the submission of a
certificate of insurance to
the insured within_____ days
which of these is Accelerated death benefit
considered to be a Living
benefit option in a life
insurance policy
loans obtained by a policy would not be treated as taxable income
owner against the cash
value of a life insurance
policy
,A long term care policy acute care
typically provides all of
the following levels of
care EXCEPT
the elimination period the specific # of days an insured must wait before
under a hospital indemnity becoming eligible to receive benefits for each
plan is hospitalization
what is an insurance Period of time after the premium is due but the policy
policy's grace period? remains in force
How do interest earnings On a tax-deferred basis
accumulate in a deferred
annuity
a licensee who is required 3
to take continuing
education Must include
how many ethics
coursework hours
the automatic premium Past due premiums that have not been paid by the
loan provision authorizes end of the grace period
an insurer to withdraw
from a policy's cash value
the amount of
health insurance involves sickness
two perils, accident and
______
Who is responsible for Insurance carriers
assembling the policy
forms for insureds
a securities license is variable life insurance
required for a life
insurance producer to sell
Which of the following is giving the insured an article of merchandise printed
NOT an illegal inducement with the producers name costing 5$
, Which of the following is employee must be able to make unlimited
NOT a federal requirement contributions
of a qualified plan?
Which dividend option Accumulation at interest option
would an insurer invest the
policy owner's money and
add any interest earnings
as the dividends accrue?
a health insurance policy preventative health services
will typically cover
a life insurance policy Disability income rider
owner was injured in a car
accident which results in a
total and permanent
disability. which rider
would pay a monthly
amount because of this
disability?
in addition to the actual the application
policy, an entire contract
includes which of the
following?
field underwriting completing the application and collecting initial
preformed by the premium
producer involves
Kathy pays a monthly 10 days
premium on her health
insurance policy. How
long is her grace period?
