Mi life producer Study guides, Class notes & Summaries

MI Life Insurance Exam Questions and Answers With Complete Solutions J has a life policy with the Guaranteed Insurability rider. J has just celebrated their 42nd birthday and realizes that she wants to use her rider and buy more death benefit. Which of the following will apply to J's request? A: The insurer will allow J to add more insurance without proving insurability. B: The insurer will allow J to add more insurance pending a paramedical exam. C: The insurer will deny J's request to ...

ENWC 201 Midterm Canvas Quizzes - Questions with Verified Answers Based on the definitions given in class: the term "wildlife" can include all living things, whether domesticated or non-domesticated a. true b. false Ecology is the scientific study of the distributions, abundance and relations of organisms and their interactions with the environment. Choose ALL of the correct root terms used by Ernst Haeckel in creating the word "ecology" a. zo meaning "animal" b. omni meaning "all" c. ...

Final Exam-Michigan Life and Health Exam Questions And Answers (Verified And Updated) What amount will be paid under a policy where the insured misstated his/her age? - answeran 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 - answer30 days which of these is considered to be a Living benefit option in a life insurance policy - answerAccelerated dea...

An employee is REQUIRED to work AT LEAST how many hours in a normal week to be eligible for small employer group insurance? Correct Answer: 17.5 According the the taft hartley act, group insurance premium payments made by an employer must be paid to the Correct Answer: trust If an insured, unmarried child is incapable of self support because of a mental handicap, how long must this chide be provided health coverage under the parents policy? Correct Answer: Until policy termination wit...

Which of the following term insurance types provides temporary protection that can be changed to some type of permanent protection without evidence of insurability? - ANSWER Convertible Which policy type is backed by equity investments and allows the policyholder to adjust the death benefit? - ANSWER variable universal life Which of the following lists the three common types of permanent individual life insurance? - ANSWER Variable Life, whole Life, Universal Life Which of the follow...

Which of the following is NOT true regarding a Certificate of Authority? a)It may be necessary for transacting business in a specific state. b)It is equivalent to an insurance license. c)It is issued by the state department of insurance. d)It is issued to group insurance participants. - correct answer d) It is issued to group insurance participants. Before insurers may transact business in a specific state, they must apply for a license or Certificate of Authority from the state departm...

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

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

LIFE PRODUCER EXAM (MI) final verified 100% Which of the following is NOT true regarding a Certificate of Authority? a)It may be necessary for transacting business in a specific state. b)It is equivalent to an insurance license. c)It is issued by the state department of insurance. d)It is issued to group insurance participants. - d) It is issued to group insurance participants. Before insurers may transact business in a specific state, they must apply for a license or Certificate of Aut...

MI Insurance Exam Questions with complete solutions 2023. Preferred Risk - correct insurance applicant with a below average likelihood of loss is typically considered to be Conversion - correct answers.Tim is covered under a group plan and would like to change is group coverage to an individual policy with the name insurer because of employment termination. Which of these describes the change that will take place? Dies instantly from a car accident - correct answers.M...