Michigan Life, Accident, and Health
Exam Prep Questions and Answers
100% Pass
A policyowner may change two policy features on what type of life insurance? -
✔✔Adjustable life
The legal action provision in a health contract is limited to no more than ___ years. -
✔✔5
Long-Term Care policies may provide coverage for claims arising from - ✔✔Senile
dementia
In group health care, what is the purpose of the coordination of benefits provision? -
✔✔Determines what is paid by the primary and secondary insures in the event of a
claim
All of the following riders can increase the death benefit amount EXCEPT
-Cost of Living
-Waiver of Premium
Katelyn Whitman, All Rights Reserved © 2025 1
, -Accidental Death Rider
-Guaranteed Insurability - ✔✔Wavier of premium
Frank is shopping for a disability income policy. Which of the following would have the
HIGHEST premium?
-14 day waiting period / 5 year benefit period
-14 day waiting period / 10 year benefit period
-28 day waiting period / 5 year benefit period
-28 day waiting period / 10 year benefit period - ✔✔14 day waiting period / 10 year
benefit period
Which of the following is NOT a federal requirement of a qualified plan?
-Must benefit a broad cross-section of employees
-Employee must be able to make unlimited contributions
-Vesting schedule must be defined
-Employer establishes the plan - ✔✔Employee must be able to make unlimited
contributions
A provision that allows a policyowner to withdraw a policy's cash value interest free is
a(n) - ✔✔Partial surrender
Katelyn Whitman, All Rights Reserved © 2025 2
Exam Prep Questions and Answers
100% Pass
A policyowner may change two policy features on what type of life insurance? -
✔✔Adjustable life
The legal action provision in a health contract is limited to no more than ___ years. -
✔✔5
Long-Term Care policies may provide coverage for claims arising from - ✔✔Senile
dementia
In group health care, what is the purpose of the coordination of benefits provision? -
✔✔Determines what is paid by the primary and secondary insures in the event of a
claim
All of the following riders can increase the death benefit amount EXCEPT
-Cost of Living
-Waiver of Premium
Katelyn Whitman, All Rights Reserved © 2025 1
, -Accidental Death Rider
-Guaranteed Insurability - ✔✔Wavier of premium
Frank is shopping for a disability income policy. Which of the following would have the
HIGHEST premium?
-14 day waiting period / 5 year benefit period
-14 day waiting period / 10 year benefit period
-28 day waiting period / 5 year benefit period
-28 day waiting period / 10 year benefit period - ✔✔14 day waiting period / 10 year
benefit period
Which of the following is NOT a federal requirement of a qualified plan?
-Must benefit a broad cross-section of employees
-Employee must be able to make unlimited contributions
-Vesting schedule must be defined
-Employer establishes the plan - ✔✔Employee must be able to make unlimited
contributions
A provision that allows a policyowner to withdraw a policy's cash value interest free is
a(n) - ✔✔Partial surrender
Katelyn Whitman, All Rights Reserved © 2025 2
