Michigan Life, Accident, and Health Exam Prep EXAM QUESTIONS AND ANSWERS 100% CORRECT!
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Course
Michigan Life, Accident, and Health
Institution
Michigan Life, Accident, And Health
A policyowner may change two policy features on what type of life insurance? - ANSWER Adjustable life
The legal action provision in a health contract is limited to no more than ___ years. - ANSWER 5
Long-Term Care policies may provide coverage for claims arising from - ANSWER Senile dementi...
, Michigan Life, Accident, and Health Exam
Prep EXAM QUESTIONS AND ANSWERS
100% CORRECT!
A policyowner may change two policy features on what type of life insurance? -
ANSWER Adjustable life
The legal action provision in a health contract is limited to no more than ___ years. -
ANSWER 5
Long-Term Care policies may provide coverage for claims arising from - ANSWER
Senile dementia
In group health care, what is the purpose of the coordination of benefits provision? -
ANSWER 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
-Accidental Death Rider
-Guaranteed Insurability - ANSWER 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 - ANSWER 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 - ANSWER Employee must be able to make unlimited
contributions
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