Page |1
Michigan life and health Final exam -
Michigan Life and Health Most Recent
exam COMPLETE (2025) EXAM Questions
and Answers (Verified Answers) (Latest
Update 2025) UPDATE!! Questions and
Correct Answers/ Latest Update / Already
Graded
What amount will be paid under a policy where the insured misstated
his/her age?
Ans: an amount the premium would have purchased at the
correct age
the acceptance of a credit life application requires the submission of a
certificate of insurance to the insured within_____ days
Ans: 30 days
which of these is considered to be a Living benefit option in a life
insurance policy
Ans: Accelerated death benefit
All rights reserved © 2025/ 2026 |
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loans obtained by a policy owner against the cash value of a life
insurance policy
Ans: would not be treated as taxable income
A long term care policy typically provides all of the following levels of
care EXCEPT
Ans: acute care
the elimination period under a hospital indemnity plan is
Ans: the specific # of days an insured must wait before
becoming eligible to receive benefits for each hospitalization
what is an insurance policy's grace period?
Ans: Period of time after the premium is due but the policy
remains in force
How do interest earnings accumulate in a deferred annuity
Ans: On a tax-deferred basis
a licensee who is required to take continuing education Must include
how many ethics coursework hours
All rights reserved © 2025/ 2026 |
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Ans: 3
the automatic premium loan provision authorizes an insurer to
withdraw from a policy's cash value the amount of
Ans: Past due premiums that have not been paid by the end of
the grace period
health insurance involves two perils, accident and ______
Ans: sickness
Who is responsible for assembling the policy forms for insureds
Ans: Insurance carriers
a securities license is required for a life insurance producer to sell
Ans: variable life insurance
Which of the following is NOT an illegal inducement
Ans: giving the insured an article of merchandise printed with
the producers name costing 5$
All rights reserved © 2025/ 2026 |
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Which of the following is NOT a federal requirement of a qualified
plan?
Ans: employee must be able to make unlimited contributions
Which dividend option would an insurer invest the policy owner's
money and add any interest earnings as the dividends accrue?
Ans: Accumulation at interest option
a health insurance policy will typically cover
Ans: preventative health services
a life insurance policy 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?
Ans: Disability income rider
in addition to the actual policy, an entire contract includes which of the
following?
Ans: the application
field underwriting preformed by the producer involves
All rights reserved © 2025/ 2026 |
Michigan life and health Final exam -
Michigan Life and Health Most Recent
exam COMPLETE (2025) EXAM Questions
and Answers (Verified Answers) (Latest
Update 2025) UPDATE!! Questions and
Correct Answers/ Latest Update / Already
Graded
What amount will be paid under a policy where the insured misstated
his/her age?
Ans: an amount the premium would have purchased at the
correct age
the acceptance of a credit life application requires the submission of a
certificate of insurance to the insured within_____ days
Ans: 30 days
which of these is considered to be a Living benefit option in a life
insurance policy
Ans: Accelerated death benefit
All rights reserved © 2025/ 2026 |
, Page |2
loans obtained by a policy owner against the cash value of a life
insurance policy
Ans: would not be treated as taxable income
A long term care policy typically provides all of the following levels of
care EXCEPT
Ans: acute care
the elimination period under a hospital indemnity plan is
Ans: the specific # of days an insured must wait before
becoming eligible to receive benefits for each hospitalization
what is an insurance policy's grace period?
Ans: Period of time after the premium is due but the policy
remains in force
How do interest earnings accumulate in a deferred annuity
Ans: On a tax-deferred basis
a licensee who is required to take continuing education Must include
how many ethics coursework hours
All rights reserved © 2025/ 2026 |
, Page |3
Ans: 3
the automatic premium loan provision authorizes an insurer to
withdraw from a policy's cash value the amount of
Ans: Past due premiums that have not been paid by the end of
the grace period
health insurance involves two perils, accident and ______
Ans: sickness
Who is responsible for assembling the policy forms for insureds
Ans: Insurance carriers
a securities license is required for a life insurance producer to sell
Ans: variable life insurance
Which of the following is NOT an illegal inducement
Ans: giving the insured an article of merchandise printed with
the producers name costing 5$
All rights reserved © 2025/ 2026 |
, Page |4
Which of the following is NOT a federal requirement of a qualified
plan?
Ans: employee must be able to make unlimited contributions
Which dividend option would an insurer invest the policy owner's
money and add any interest earnings as the dividends accrue?
Ans: Accumulation at interest option
a health insurance policy will typically cover
Ans: preventative health services
a life insurance policy 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?
Ans: Disability income rider
in addition to the actual policy, an entire contract includes which of the
following?
Ans: the application
field underwriting preformed by the producer involves
All rights reserved © 2025/ 2026 |
