Michigan Life and Health Final exam -Michigan Life and Health
Most Recent exam COMPLETE (2025-2026 ) EXAM
Questions and Answers (Verified Answers) (Latest Update
2025-2026 ) UPDATE!!
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 contributions
NOT a federal requirement
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 will preventative health services
typically cover
a life insurance policy owner Disability income rider
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 premium
preformed by the producer
involves
Kathy pays a monthly premium 10 days
on her
health insurance policy. How
long is her grace period?
Pierre is covered by his 0$
employer's group major
medical plan. His employer -benefits that fall under a major medical plan are
pays for 75% of the considered to be a reimbursement for a loss, and is
premium and he pays for not taxable as income
25%.
How much would a $10,000
benefit be taxable as
income under this plan?
After an insured gives notice file a written proof of loss
of loss, what must he/she
do if the insurer does not
furnish forms?
Under long term care An inflation protection feature
insurance, which of the
following MUST an insurer
offer to each policy owner at
the time of purchase?
What is the primary factor Wages
that determines the benefits
paid under a disability
income policy?
What is the tax liability for No tax payment needed
employer contributions in
Health Savings Accounts -Employer paid contributions to HSA's are tax free to the
employee
(HSA's)?
,In the state of MI, 12% annum
properly filed health
claims are not timely
paid require the
insurer to pay simple
interest from a date 60
days from satisfactory
proof of loss at the rate
of?
In MI, legal action can be 3 years
taken against an insurer for
failure to pay HEALTH
insurance claims for a period
not to exceed
Donald is the primary insured Can be converted to permanent coverage without evidence of
of life insurability
insurance policy and adds a
children's term rider. What is -An advantage of a children's term rider is the ability to
the advantage of adding this convert to permanent insurance without evidence of
rider? insurability
When an insured changes Change of occupation provision
to a more hazardous
occupation, which disability
policy provision allows an
insurer to adjust policy
benefits and rates?
The unfair trade practice of Twisting
replacing an insurance
policy from one insurer to
another based on
misrepresentation is called?
Which type of coverage Hospital Indemnity
pays an amount per day
for hospitalization directly
to the insured regardless
of the insured's other
, health insurance?
What kind of life insurance Last Survivor Life Insurance
policy covers two or more
people with the death
benefit payable upon the
last person's death?
Which of these premium Bi-weekly
payment
frequencies is not typically
available to a policyowner?
Variable life insurance and Policyowner has the right to select the investment which
Universal life insurance are will provide the greatest return
very similar. Which of these
features are held
exclusively by variable
universal life insurance?
Consumer privacy An authorized agency makes a written request to the
regulations permit the insurer during an insurance fraud investigation
release of an insured's
financial information when?
Which type of life insurance Endowment Policy
policy pays the face amount
at the end of the specified
period if the insured is still
alive?
According to the Michigan Submit to the replacing insurer a list of all Life Insurance
Insurance Code, which of policies or annuity contracts proposed to be replaced
the following MUST a
producer do when replacing
a Life Insurance Policy?
Most Recent exam COMPLETE (2025-2026 ) EXAM
Questions and Answers (Verified Answers) (Latest Update
2025-2026 ) UPDATE!!
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 contributions
NOT a federal requirement
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 will preventative health services
typically cover
a life insurance policy owner Disability income rider
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 premium
preformed by the producer
involves
Kathy pays a monthly premium 10 days
on her
health insurance policy. How
long is her grace period?
Pierre is covered by his 0$
employer's group major
medical plan. His employer -benefits that fall under a major medical plan are
pays for 75% of the considered to be a reimbursement for a loss, and is
premium and he pays for not taxable as income
25%.
How much would a $10,000
benefit be taxable as
income under this plan?
After an insured gives notice file a written proof of loss
of loss, what must he/she
do if the insurer does not
furnish forms?
Under long term care An inflation protection feature
insurance, which of the
following MUST an insurer
offer to each policy owner at
the time of purchase?
What is the primary factor Wages
that determines the benefits
paid under a disability
income policy?
What is the tax liability for No tax payment needed
employer contributions in
Health Savings Accounts -Employer paid contributions to HSA's are tax free to the
employee
(HSA's)?
,In the state of MI, 12% annum
properly filed health
claims are not timely
paid require the
insurer to pay simple
interest from a date 60
days from satisfactory
proof of loss at the rate
of?
In MI, legal action can be 3 years
taken against an insurer for
failure to pay HEALTH
insurance claims for a period
not to exceed
Donald is the primary insured Can be converted to permanent coverage without evidence of
of life insurability
insurance policy and adds a
children's term rider. What is -An advantage of a children's term rider is the ability to
the advantage of adding this convert to permanent insurance without evidence of
rider? insurability
When an insured changes Change of occupation provision
to a more hazardous
occupation, which disability
policy provision allows an
insurer to adjust policy
benefits and rates?
The unfair trade practice of Twisting
replacing an insurance
policy from one insurer to
another based on
misrepresentation is called?
Which type of coverage Hospital Indemnity
pays an amount per day
for hospitalization directly
to the insured regardless
of the insured's other
, health insurance?
What kind of life insurance Last Survivor Life Insurance
policy covers two or more
people with the death
benefit payable upon the
last person's death?
Which of these premium Bi-weekly
payment
frequencies is not typically
available to a policyowner?
Variable life insurance and Policyowner has the right to select the investment which
Universal life insurance are will provide the greatest return
very similar. Which of these
features are held
exclusively by variable
universal life insurance?
Consumer privacy An authorized agency makes a written request to the
regulations permit the insurer during an insurance fraud investigation
release of an insured's
financial information when?
Which type of life insurance Endowment Policy
policy pays the face amount
at the end of the specified
period if the insured is still
alive?
According to the Michigan Submit to the replacing insurer a list of all Life Insurance
Insurance Code, which of policies or annuity contracts proposed to be replaced
the following MUST a
producer do when replacing
a Life Insurance Policy?
