MI LIFE PRODUCER EXAM PREP 134 2026
PRACTICE TEST SOLVED RESPONSES
◉ Benefits provided by a
medicare supplement
policy must NOT. Answer: duplicate Medicare benefits
◉ A change in an insurance
application requires. Answer: an initial made by the applicant
◉ Claims payable to a Disability
Income insured, even when
the insured can continue to
work, are a result of. Answer: Presumptive disability
◉ Continued coverage under
COBRA would be provided
to all of the following
EXCEPT. Answer: a covered employee is terminated for gross
misconduct
,◉ Continuous 24-hour care
provided by licensed medical
professionals under the
direct supervision of a
physician is called. Answer: skilled nursing care
◉ Credit Accident and Health
plans are designed to. Answer: help pay off existing loans during
periods of disability
◉ the difference between a
long term care partnership
plan and a non-partnership
plan is. Answer: Asset Protection
◉ disability income plan which
require that the insurer can
NEVER change or alter
premium rates are usually
considered. Answer: noncancellable
◉ A disability income policy
,can prevent an insured from
earning a higher income
than if he/she were working
by utilization. Answer: benefit limits
◉ Distribution from a Health
Savings Account (HSA) for
qualified medical expenses
are. Answer: tax free
◉ Donald is the primary insured
of a life insurance policy and
adds a children's term rider.
What is the advantage of
adding this rider?. Answer: Can be converted to permanent coverage
without evidence of insurability
◉ Dorian exercised a
nonforfeiture option by using
his life policy's cash value to
purchase an extended term
insurance option. When the
, term insurance expires,. Answer: the protection ends
◉ a dread disease policy is
considered to be a type of. Answer: limited health insurance policy
◉ the elimination period under
a hospital indemnity plan is. Answer: the specified number of days
an insured must wait before becoming eligible to receive benefits for
each hospitalization
◉ the factor most often used
underwriting a disability
income policy is. Answer: annual earnings
◉ A fee for service health
insurance plan will
normally cover. Answer: disease
◉ a field underwriter's main
task is. Answer: to ensure an applicant's medical information is
accurate and complete
PRACTICE TEST SOLVED RESPONSES
◉ Benefits provided by a
medicare supplement
policy must NOT. Answer: duplicate Medicare benefits
◉ A change in an insurance
application requires. Answer: an initial made by the applicant
◉ Claims payable to a Disability
Income insured, even when
the insured can continue to
work, are a result of. Answer: Presumptive disability
◉ Continued coverage under
COBRA would be provided
to all of the following
EXCEPT. Answer: a covered employee is terminated for gross
misconduct
,◉ Continuous 24-hour care
provided by licensed medical
professionals under the
direct supervision of a
physician is called. Answer: skilled nursing care
◉ Credit Accident and Health
plans are designed to. Answer: help pay off existing loans during
periods of disability
◉ the difference between a
long term care partnership
plan and a non-partnership
plan is. Answer: Asset Protection
◉ disability income plan which
require that the insurer can
NEVER change or alter
premium rates are usually
considered. Answer: noncancellable
◉ A disability income policy
,can prevent an insured from
earning a higher income
than if he/she were working
by utilization. Answer: benefit limits
◉ Distribution from a Health
Savings Account (HSA) for
qualified medical expenses
are. Answer: tax free
◉ Donald is the primary insured
of a life insurance policy and
adds a children's term rider.
What is the advantage of
adding this rider?. Answer: Can be converted to permanent coverage
without evidence of insurability
◉ Dorian exercised a
nonforfeiture option by using
his life policy's cash value to
purchase an extended term
insurance option. When the
, term insurance expires,. Answer: the protection ends
◉ a dread disease policy is
considered to be a type of. Answer: limited health insurance policy
◉ the elimination period under
a hospital indemnity plan is. Answer: the specified number of days
an insured must wait before becoming eligible to receive benefits for
each hospitalization
◉ the factor most often used
underwriting a disability
income policy is. Answer: annual earnings
◉ A fee for service health
insurance plan will
normally cover. Answer: disease
◉ a field underwriter's main
task is. Answer: to ensure an applicant's medical information is
accurate and complete
