Xcel Solutions Final Exam - Michigan Life and
Health (2026) Exam Questions & Answers |
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STUDY GUIDE EXAM
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Terms in this set (100)
Shawn, Mike, and Dave are brothers A.) Will no longer provide insurance protection
who have a $100,000 "first to die"
joint life policy covering all three of
their lives. If Mike dies first, the
policy proceeds
A.) Will no longer provide insurance
protection
B.) Will go to Mike's estate
C.) Wwill be divided by probate
D.) Will not be paid until the last
brother dies
Susan is insured through her Group A.) Conversion
Health Insurance plan and changed
her coverage to an individual plan
with the same insurer after her
employment was terminated. This
change is called a(n)
A.) Crossover
B.) Conversion
C.) Exchange
D.) Extension of benefits
,Which of the following is NOT a A.) Physical Therapy
common exclusion for a medical
expense policy?
A.) Physical Therapy
B.) Act of War
C.) On-the-Job Injury
D.) Self Inflicted Injury
The acceptance of a credit life C.) 30
application requires the submission
fo a certificate of insurance to the
insured within _____ days.
A.) 10
B.) 20
C.) 30
D.) 40
In the state of Michigan, a licensed A.) represents the insurer
producer
A.) represents the insurer
B.) may modify insurance contracts
C.) approves insurance contracts
D.) represents the insured
A life insurance policy sold in B.) two
Michigan may be contested by the
insurer ONLY during the first _____
year(s) of the contract.
A.) one
B.) two
C.) three
D.) four
, Which of the following does C.) Prescription drugs
Medicare Part D cover?
A.) intensive care coverage
B.) Doctor visits
C.) Prescription drugs
D.) Hospital coverage
Which situation accurately A.) Policy has a decrease face amount
describes a reduced paid-up
nonforfeiture option?
A.) Policy has a decreased face
amount
B.) Face amount of the new policy
equals that of the original policy
C.) Cash value is surrendered to
policy owner
D.) Premiums must continue to be
paid
An example of a presumptive B.) deafness
disability would be
A.) a stroke
B.) deafness
C.) diabetes
D.) cancer
Under Michigan Insurance Code, A.) loss of income
Chapter 45, financial loss can be
defined as
A.) loss of income
B.) restrictive fees
C.) punitive penalties
D.) additional fines
Health (2026) Exam Questions & Answers |
Latest Already Graded A+ UPDATE 2025|2026!!
STUDY GUIDE EXAM
Save
Terms in this set (100)
Shawn, Mike, and Dave are brothers A.) Will no longer provide insurance protection
who have a $100,000 "first to die"
joint life policy covering all three of
their lives. If Mike dies first, the
policy proceeds
A.) Will no longer provide insurance
protection
B.) Will go to Mike's estate
C.) Wwill be divided by probate
D.) Will not be paid until the last
brother dies
Susan is insured through her Group A.) Conversion
Health Insurance plan and changed
her coverage to an individual plan
with the same insurer after her
employment was terminated. This
change is called a(n)
A.) Crossover
B.) Conversion
C.) Exchange
D.) Extension of benefits
,Which of the following is NOT a A.) Physical Therapy
common exclusion for a medical
expense policy?
A.) Physical Therapy
B.) Act of War
C.) On-the-Job Injury
D.) Self Inflicted Injury
The acceptance of a credit life C.) 30
application requires the submission
fo a certificate of insurance to the
insured within _____ days.
A.) 10
B.) 20
C.) 30
D.) 40
In the state of Michigan, a licensed A.) represents the insurer
producer
A.) represents the insurer
B.) may modify insurance contracts
C.) approves insurance contracts
D.) represents the insured
A life insurance policy sold in B.) two
Michigan may be contested by the
insurer ONLY during the first _____
year(s) of the contract.
A.) one
B.) two
C.) three
D.) four
, Which of the following does C.) Prescription drugs
Medicare Part D cover?
A.) intensive care coverage
B.) Doctor visits
C.) Prescription drugs
D.) Hospital coverage
Which situation accurately A.) Policy has a decrease face amount
describes a reduced paid-up
nonforfeiture option?
A.) Policy has a decreased face
amount
B.) Face amount of the new policy
equals that of the original policy
C.) Cash value is surrendered to
policy owner
D.) Premiums must continue to be
paid
An example of a presumptive B.) deafness
disability would be
A.) a stroke
B.) deafness
C.) diabetes
D.) cancer
Under Michigan Insurance Code, A.) loss of income
Chapter 45, financial loss can be
defined as
A.) loss of income
B.) restrictive fees
C.) punitive penalties
D.) additional fines
