1|Page
MICHIGAN LIFE AND HEALTH FINAL TEST EXAM AND
PRACTICE EXAM QUESTIONS 2025/ 2026
CURRENTLY TESTING COMPLETE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS WITH
RATIONALES (100% CORRECT ANSWERS) /ALREADY
GRADED A+||LATEST EXAM!!!
A health insurance policy that allows an insurer to change
the policy owners premiums, but not cancel the policy is
called - Answer-Guaranteed renewable policy
Which type of coverage pays an amount per day for
hospitalization directly to the insured regardless of the
insured's other health insurance? - Answer-Hospital
indemnity
A life insurance policy that contains a guaranteed interest
rate with the chance to earn a rate that is higher than the
guaranteed rate is called - Answer-Universal Life
Susan is insured through 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)
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crossover
conversion
exchange
extension of benefits - Answer-conversion
Major medical insurance will typically cover medical
expenses that result from - Answer-a negative reaction to
prescribed medication
A Medicare supplement basic benefit is - Answer-the first 3
pints of blood per year
All of the following are considered to be non-forfeiture
options available to a policy owner except - Answer-
Reduction of premium
Chris is an insured bricklayer who severed his left hand in
an automobile accident. Although his primary duty cannot
be performed, Chris is also a substitute high school
teacher. He collects a full disability income check every
month. How does his policy define total disability? -
Answer-Own occupation
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The acceptance of a credit life application requires the
submission of a certificate of insurance to the insured
within ___ days. - Answer-30
Which of the following is not considered advertising? -
Answer-A rating from a rating service company, such as
A.M. Best
If an insured dies during the grace period with no
premiums paid? - Answer-the policy would be payable,
minus the premium amount
Which of these is considered a living benefit option in a life
insurance policy? - Answer-Accelerated death benefit
Reggie purchased a life insurance policy with the face
amount of $500,000. After 15 years the cash value was
accumulated to $100,000 and the policies face amount
has become $600,000 which type of life insurance policy
is this? - Answer-Universal life
An insured under a major medical expense plan with a
zero deductible and 80/20 coinsurance prevention files a
MICHIGAN LIFE AND HEALTH FINAL TEST EXAM AND
PRACTICE EXAM QUESTIONS 2025/ 2026
CURRENTLY TESTING COMPLETE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS WITH
RATIONALES (100% CORRECT ANSWERS) /ALREADY
GRADED A+||LATEST EXAM!!!
A health insurance policy that allows an insurer to change
the policy owners premiums, but not cancel the policy is
called - Answer-Guaranteed renewable policy
Which type of coverage pays an amount per day for
hospitalization directly to the insured regardless of the
insured's other health insurance? - Answer-Hospital
indemnity
A life insurance policy that contains a guaranteed interest
rate with the chance to earn a rate that is higher than the
guaranteed rate is called - Answer-Universal Life
Susan is insured through 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)
,2|Page
crossover
conversion
exchange
extension of benefits - Answer-conversion
Major medical insurance will typically cover medical
expenses that result from - Answer-a negative reaction to
prescribed medication
A Medicare supplement basic benefit is - Answer-the first 3
pints of blood per year
All of the following are considered to be non-forfeiture
options available to a policy owner except - Answer-
Reduction of premium
Chris is an insured bricklayer who severed his left hand in
an automobile accident. Although his primary duty cannot
be performed, Chris is also a substitute high school
teacher. He collects a full disability income check every
month. How does his policy define total disability? -
Answer-Own occupation
, 3|Page
The acceptance of a credit life application requires the
submission of a certificate of insurance to the insured
within ___ days. - Answer-30
Which of the following is not considered advertising? -
Answer-A rating from a rating service company, such as
A.M. Best
If an insured dies during the grace period with no
premiums paid? - Answer-the policy would be payable,
minus the premium amount
Which of these is considered a living benefit option in a life
insurance policy? - Answer-Accelerated death benefit
Reggie purchased a life insurance policy with the face
amount of $500,000. After 15 years the cash value was
accumulated to $100,000 and the policies face amount
has become $600,000 which type of life insurance policy
is this? - Answer-Universal life
An insured under a major medical expense plan with a
zero deductible and 80/20 coinsurance prevention files a
