*NURSING > EXAM > FINAL EXAM-MICHIGAN LIFE AND HEALTH / STUDY GUIDE / LATEST VERSION /QUESTIONS AND CORRECT ANSWERS / (All)
FINAL EXAM-MICHIGAN LIFE AND HEALTH / STUDY GUIDE / LATEST VERSION /QUESTIONS AND CORRECT ANSWERS / A GRADE SCORE SOLUTION
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What amount will be paid under a policy where the insured misstated his/her age? - Answer--an amount the premium would have purchased at the correct age the acceptance of a credit life application re... quires the submission of a certificate of insurance to the insured within_____ days - Answer--30 days which of these is considered to be a Living benefit option in a life insurance policy - Answer--Accelerated death benefit loans obtained by a policy owner against the cash value of a life insurance policy - Answer--would not be treated as taxable income A long term care policy typically provides all of the following levels of care EXCEPT - Answer--acute care the elimination period under a hospital indemnity plan is - Answer--the specific # of days an insured must wait before becoming eligible to receive benefits for each hospitalization what is an insurance policy's grace period? - Answer--Period of time after the premium is due but the policy remains in force How do interest earnings accumulate in a deferred annuity - Answer--On a tax-deferred basis a licensee who is required to take continuing education Must include how many ethics coursework hours - Answer--3 the automatic premium loan provision authorizes an insurer to withdraw from a policy's cash value the amount of - Answer--Past due premiums that have not been paid by the end of the grace period health insurance involves two perils, accident and ______ - Answer--sickness Who is responsible for assembling the policy forms for insureds - Answer--Insurance carriers a securities license is required for a life insurance producer to sell - Answer--variable life insurance Which of the following is NOT an illegal inducement - Answer--giving the insured an article of merchandise printed with the producers name costing 5$ Which of the following is NOT a federal [Show More]
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