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Michigan Life and Health Final Exam Actual Questions and Answers 100% Correct

Study Material May 2, 2025
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Michigan Life and Health Final Exam Actual Questions and Answers 100% Correct
Question 1: What amount will be paid under a policy where the
insured misstated his/her age?
CORRECT ANSWER: an amount the premium would have
purchased at the correct age
Question 2: the acceptance of a credit life application requires
the submission of a certificate of insurance to the insured
within_____ days
CORRECT ANSWER: 30 days
Question 3: which of these is considered to be a Living benefit
option in a life insurance policy
CORRECT ANSWER: Accelerated death benefit
Question 4: loans obtained by a policy owner against the cash
value of a life insurance policy
CORRECT ANSWER: would not be treated as taxable income
Question 5: A long term care policy typically provides all of the
following levels of care EXCEPT

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