Final Exam-Michigan Life and Health Practice Questions and Answers
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Course
Michigan Life and Health
Institution
Michigan Life And Health
Final Exam-Michigan Life and Health
Practice Questions and Answers
What amount will be paid under a policy where the insured misstated his/her age? -
Answer️️ -an amount the premium would have purchased at the correct age
the acceptance of a credit life application requires the submission o...
a licensee who is required to take continuing education Must include how many ethics
coursework hours - Answer✔️✔️-3
the automatic premium loan provision authorizes an insurer to withdraw from a policy's
cash value the amount of - Answer✔️✔️-Past due premiums that have not been paid by
the end of the grace period
health insurance involves two perils, accident and ______ - Answer✔️✔️-sickness
Who is responsible for assembling the policy forms for insureds - Answer✔️✔️-Insurance
carriers
a securities license is required for a life insurance producer to sell - Answer✔️✔️-variable
life insurance
Which of the following is NOT an illegal inducement - Answer✔️✔️-giving the insured an
article of merchandise printed with the producers name costing 5$
Which of the following is NOT a federal requirement of a qualified plan? - Answer✔️✔️-
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? - Answer✔️✔️-Accumulation at interest option
a health insurance policy will typically cover - Answer✔️✔️-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?
- Answer✔️✔️-Disability income rider
in addition to the actual policy, an entire contract includes which of the following? -
Answer✔️✔️-the application
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