Michigan life accident - Study guides, Class notes & Summaries

Michigan Life and Health Final Exam Actual Questions and Answers 100% Correct What amount will be paid under a policy where the insured misstated his/her age? ANS-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 ANS-30 days which of these is considered to be a Living benefit option in a life insurance policy ANS-Accelerated death benefit loans o...

Final Exam-Michigan Life and Health Questions and Answers Already Passed 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 ...

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...

What is considered to be the primary reason for buying life insurance? - Answer- Provide death benefits Karen is a producer who has obtained personal information about a client without having a legitimate reason to do so. Under the McCarran-Feguson Act, what is the minimum penalty for this? - Answer- $10,000 or up to 1 year in jail A nonparticipating company is sometimes called a(n) - Answer- Stock insurer, because policyholders do not participate in dividends resulting from stock ownershi...

Michigan Life and Health Accident Questions and Answers Rated A+ An insured owns a whole life insurance policy on himself. He would also like coverage for his son. One way the insured can accomplish this goal is to purchase a... Child term rider When underwriting an individual health insurance policy, the underwriter will NOT consider the applicant's...? Martial Status Why do comprehensive dental plans usually provide routine dental care services without deductibles or coinsurance? ...

Michigan Life Accident & Health Exam with correct Answers

Michigan Life Accident & Health Exam Questions With Verified Answers What is considered to be the primary reason for buying life insurance? - answerProvide death benefits Karen is a producer who has obtained personal information about a client without having a legitimate reason to do so. Under the McCarran-Feguson Act, what is the minimum penalty for this? - answer$10,000 or up to 1 year in jail A nonparticipating company is sometimes called a(n) - answerStock insurer, because policyhold...

Michigan Life Accident & Health Exam Questions With Verified Answers What is considered to be the primary reason for buying life insurance? - answerProvide death benefits Karen is a producer who has obtained personal information about a client without having a legitimate reason to do so. Under the McCarran-Feguson Act, what is the minimum penalty for this? - answer$10,000 or up to 1 year in jail A nonparticipating company is sometimes called a(n) - answerStock insurer, because policyhold...

Michigan Life Accident & Health Exam Questions With Verified Answers What is considered to be the primary reason for buying life insurance? - answerProvide death benefits Karen is a producer who has obtained personal information about a client without having a legitimate reason to do so. Under the McCarran-Feguson Act, what is the minimum penalty for this? - answer$10,000 or up to 1 year in jail A nonparticipating company is sometimes called a(n) - answerStock insurer, because policyhold...