Michigan Life Insurance State Exam Practice Test with Answer Key | Latest

Michigan Life Insurance State Exam Practice Test with Answer Key | Latest
Question 1: Which is TRUE regarding the annuitant, when the
annuitant is NOT the policy owner?
1. The annuitant has the right to name the beneficiary
2. The annuitant is the person paying the premiums
3. The cash value is available to the annuitant for withdrawals
4. Annuity payments will be based on the annuitants life
expectancy
CORRECT ANSWER: 4. Annuity payments will be based on
the annuitants life expectancy
Question 2: Signing an applicants name for insurance is known
as...?
1. Concealment
2. Defamation
3. Coercion
4. Forgery
CORRECT ANSWER: 4. Forgery

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