Michigan Life And Health Final (Exam Questions & Answers 2024 ( A+ Graded 100% Verified))

Final (exam questions & answers 2024 ( A+GRADED 100% VERIFIED))-Michigan Life andHealth 1).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 age2).The acceptance of a credit life application requires the submission of a certificate ofinsurance to the insured within_____ days Ans: 30 days3).Which of these is considered to be a living benefit option in a life insurance policy Ans: Accelerated death benefit4).Loans obtained by a policy owner against the cash value of a life insurance policy Ans: would not be treated as taxable income5).A long term care policy typically provides all of the following levels of care except Ans: acute care6).The elimination period under a hospital indemnity plan is Ans: the specific # of days an insured must wait before becoming eligible to receivebenefits for each hospitalization7).What is an insurance policy's grace period? Ans: Period of time after the premium is due but the policy remains in forcePaperStoc.comPage 1 of 308).How do interest earnings accumulate in a deferred annuity Ans: On a tax-deferred basis9).A licensee who is required to take continuing education must include how many ethicscoursework hours Ans: 310).The automatic premium loan provision