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MICHIGAN LIFE AND HEALTH FINAL EXAM,
PRACTICE EXAM AND STUDY GUIDE NEWEST
2025 ACTUAL EXAM COMPLETE 400
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+
MICHIGAN LIFE AND HEALTH FINAL EXAM
a father has a son who is mentally handicapped but not eligible for Medicare. the son is dependent on his father. under which of the following circumstances can the son remain on the fathers coverage after the age of 26. - ANSWER-with written proof of disability and dependency
How long must an individual be unable to engage in any gainful activity due to physical or mental disability in order to qualify for Social Security Total Disability. - ANSWER-12 months
Health insurance will typically cover which of the following perils - ANSWER-injury due to accident
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a person who is a nonsmoker, of average weight, and excellent health would most likely be in which risk classification? - ANSWER-preferred
A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilization - ANSWER-benefit limits
which of these is a method of determining the level of funds required for ongoing support in the event of the breadwinner's death. - ANSWER-Human Life value
to receive proceeds from a death benefit, a minor - ANSWER- must have an appointed guardian
A partial surrender is allowed in which of the following policies
- ANSWER-Universal life
what is the automatic continuance of insurance coverage referred to as? - ANSWER-renewal
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Major Medical insurance will typically cover medical expenses that result from - ANSWER-a negative reaction to prescribed medication
What is considered to be the primary reason for buying life insurance - ANSWER-provide death benefits
to qualify for a resident producer license in the state of MI, an individual - ANSWER-must complete the requires pre-licensing education within 12 months of licensing application
what is issued to each employer health plan - ANSWER- certificate
which of the following decision would a Health Savings Account owner NOT be able to make? - ANSWER-the amount contributed by the employee
Group health plans may deny participation based upon the - ANSWER-members part time employment status
-full time employees are typically eligible 3 / 4
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Matt is applying for life insurance and requests a double indemnity rider. A double indemnity benefit will be payable to Matt's beneficiary if Matt - ANSWER-dies instantly from a car accident
ABC insurance agency is entering each applicant who purchases insurance through their agency into a drawing to win a free trip.this is an unlawful insurance practice known as - ANSWER- illegal inducement
For what purpose is a life insurance application backdates - ANSWER-to reduce the premium
An error was made on Mary's life insurance application. Which of the following areas are errors commonly made on applications for which the incontestable clause does NOT apply?
- ANSWER-Age
Dorian exercised a nonforfeiture option by using his life policy's cash value to purchase an extended term insurance option. When the term insurance expires, - ANSWER-the protection ends
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