Life producer mi - Study guides, Class notes & Summaries

MI LIFE PRODUCER FINAL EXAM QUESTIONS BANK NEWEST 2024 ACTUAL COMPLETE EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+. MI LIFE PRODUCER FINAL EXAM QUESTIONS BANK NEWEST 2024 ACTUAL COMPLETE EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+. MI LIFE PRODUCER FINAL EXAM QUESTIONS BANK NEWEST 2024 ACTUAL COMPLETE EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+. MI LIFE PRODUCER FINAL EXAM QUESTIONS BA...

The Waiver of Cost of Insurance rider is found in what type of insurance? - Answer Universal Life If an insured continually uses the automatic premium loan option to pay the policy premium, - Answer The policy will terminate when the cash value is reduced to nothing If a settlement option is not chosen by the beneficiary or policyowner, which option will be used? - Answer Lump sum An insured misstates her age at the time the life insurance application is taken. This misstatement m...

MI LIFE PRODUCER FINAL EXAM STUDY QUESTIONS AND ANSWERS.

Michigan Life And Health Final Exam Questions & Answers, 100% Rated-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 poli...

LIFE PRODUCER EXAM (MI) QUESTIONS AND ANSWERS

Practice Test MI Life Producer Exam Questions and Answers

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...

LIFE PRODUCER EXAM (MI) EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ 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 speci...

MI laws & rules questions and answers already passed An employee is REQUIRED to work AT LEAST how many hours in a normal week to be eligible for small employer group insurance? 17.5 According the the taft hartley act, group insurance premium payments made by an employer must be paid to the 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? Until policy termi...

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 Authority from the state department of insuranc...