Mi life insurance - Study guides, Class notes & Summaries

acting without a license ( producer regulation) - a person may not sell solicit or negotiate insurance in the state of Michigan for any line of insurance unless licensed for that qualifications; exceptions include administrative employees working for an agent a home office employee ect adverse selection(methods of handling risk) - the tendancy of less than average risks to purchase or cont to be covered by insurance resulting increased claims and reduced profitability agent - solicit insura...

What amount will be paid under a policy where the insured misstated his/her age? - 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 - 30 days which of these is considered to be a Living benefit option in a life insurance policy - Accelerated death benefit loans obtained by a policy owner against the cash value of a life insurance policy - would not be treat...

FINAL EXAM-MICHIGAN LIFE AND HEALTH QUESTIONS & ANSWERS COMPLETE AND WELL EXPLAINED AND VERIFIED BY EXPERTS 100% CORRECT | LATEST UPDATE 2024| GRADED A+ ALL YOU NEED TO PASS YOUR EXAMS [ALREDY PASSED] Pierre is covered by his employer's group major medical plan. His employer pays for 75% of the premium and he pays for 25%. How much would a $10,000 benefit be taxable as income under this plan? 0$ -benefits that fall under a major medical plan are considered to be a reimbursement for a loss,...

What amount will be paid under a policy where the insured misstated his/her age? - 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 - 30 days which of these is considered to be a Living benefit option in a life insurance policy - Accelerated death benefit loans obtained by a policy owner against the cash value of a life insurance policy - would n...

What amount will be paid under a policy where the insured misstated his/her age? - 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 - 30 days which of these is considered to be a Living benefit option in a life insurance policy - Accelerated death benefit loans obtained by a policy owner against the cash value of a life insurance policy - would n...

NSG 6005 FINAL EXAM 2024/2025 UPDATED QUESTIONS WITH 100% CORRECT ANSWERS Disease states in addition to hypertension in which beta blockade is a compelling indication for the use of beta blockers include: A. Heart failure B. Angina C. MI D. Dyslipidemia - ANSWERS C. MI When a patient is on selective-serotonin reuptake inhibitors: A. The complete blood count must be monitored every three to four months B. Therapeutic blood levels must be monitored every six months after a steady state...

MI Laws & Rules Already Graded A+ 1. Eligibility for Small Employer Group Insurance: An employee must work at least 17.5 hours per week. 2. Taft-Hartley Act Group Insurance Premiums: Premium payments made by an employer must be paid to the trust. 3. Health Coverage for Disabled Unmarried Child: Coverage must be provided until the policy terminates, with proof of incapacity. 4. Stock Insurance Company: Owned by its stockholders. 5. Reinstating a Lapsed License: A producer can reinst...

A nurse is caring for a postsurgical patient who has small tortuous veins and had a difficult IV insertion. The patient is now receiving IV medications on a regular basis. What is the best nursing intervention to minimize the adverse effects of this drug therapy? A) Monitor the patient's bleeding time B) Check the patient's blood glucose levels C) Record baseline vital signs D) Monitor the IV site for redness, swelling, or pain A patient is in the clinic after 6 weeks of taking riluzo...

MICHIGAN LIFE AND HEALTH FINAL EXAM / 80+ QUESTIONS AND CORRECT ANSWERS 2023/2024 / GRADED A+. Final Exam-Michigan Life and Health 1. What amount will be paid under a policy where the insured misstated his/her age?: an amount the premium would have purchased at the correct age 2. the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days: 30 days 3. which of these is considered to be a Living benefit option in a lif...

Practice Test MI Life Producer Graded A+ 1. Convertible Term Insurance: Provides temporary protection that can be converted to permanent protection without requiring evidence of insurability. 2. Variable Universal Life Policy: Backed by equity investments and allows the policyholder to adjust the death benefit. 3. Common Types of Permanent Life Insurance: Includes Variable Life, Whole Life, and Universal Life. 4. Increasing Term Life Policy: It typically begins with little or no insu...