MI LIFE PRODUCER EXAM NEWEST ACTUAL EXAM COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANSWER S (VERIFIED ANSWER S) |ALREADY GRADED A+||BRAND NEW VERSION!!

MI LIFE PRODUCER EXAM NEWEST ACTUAL EXAM COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANSWER S (VERIFIED ANSWER S) |ALREADY GRADED A+||BRAND NEW VERSION!!
Question: Which of the following is NOT true regarding a
Certificate of Authority?
The correct Answer is d) It is issued to group insurance
participants.
Question: If an insured changes his payment plan from monthly
to annually, what happens to the total premium?
The correct Answer is c) Decreases.
Question: To sell variable life insurance policies, an agent must
receive all of the following EXCEPT
The correct Answer is b) SEC registration.
Question: What happens if a deferred annuity is surrendered
before the annuitization period?
The correct Answer is b) The owner will receive the surrender
value of the annuity.
Question: What is the maximum fine for submitting a false or
fraudulent claim to the insurer?

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