Are You Ready To Pass Your Michigan Insurance Exam?

This self-study course is part of the process needed to become a licensed insurance agent as your participation supports your requirements of required self-study time to become eligible to take the state licensing exam!

  • You will learn the basics of comprehension for insurance and its policies, along with an understanding of options, riders, and provisions.

  • You will learn about annuities, qualified plans, taxes, group insurance concepts, state laws, and state laws for specific insurance categories.

  • This course is set at a self-study pace to allow every learner the ability to tackle the curriculum at their own pace, on their own schedule.

Meet Your Instructor

Mike Weglerz, CPCU

Mike is a business leader and sales and marketing specialist with more than 20 years of experience working in and developing marketing programs for the insurance, financial services, and retail vertical markets.

What's Inside The Course

MI Life, Accident and Health Pre-Licensing Combo Course Curriculum

  • 1

    Welcome to Michigan Life, Accident and Health Insurance Pre-Licensing Preparation Course

    • WELCOME! A Message From Your Instructor

    • Overview of process

  • 2

    Module 1: Insurance 101

    • The Basics Of Life Insurance

    • Exposures

    • Pure vs. Speculative Risk

    • Hazards and Perils

    • Law of Large Numbers

    • Underwriting and Rating

    • Adverse Selection

    • Categorizing Insureds

    • Underwriting Groups

    • Insurers and Producers

    • Admitted versus Non-Admitted Carriers

    • Producer, Principal

    • Contracts, Premium Calculations and Applications

    • Waiver and Estoppel

    • Underwriting Information

    • Insurable Interest and Contract Characteristics

    • Module 1 Practice Questions

  • 3

    Module 2: Life Insurance Basics and Policies

    • Life Insurance Basics

    • Classification of Life Insurance: Term vs. Permanent

    • Business Uses of Life Insurance

    • ​Human Life Value​ & Needs Approach

    • Types of Life Insurance Policies – Term Insurance

    • ​Advantages & Disadvantages of Term Life Insurance​

    • Permanent Policies

    • Straight, Limited, and Single Pay

    • Modified and Graded Premium Whole Life

    • Interest Sensitive (Current Assumption) Whole Life

    • Equity Indexed Whole Life

    • Advantages and Disadvantages of Whole Life

    • Flexible Policies

    • Adjustable Life

    • Universal Life

    • Variable Life and Variable Universal Life

    • Survivorship Life and Juvenile Life

    • Producer Responsibilities

    • Module 2 Practice Questions

  • 4

    Module 3: Options, Riders and Provisions

    • Options, Provisions, and Riders

    • Misstatement of Age or Sex

    • Assignment clause

    • Grace period and automatic premium loan rider

    • Reinstatement provision

    • Time limit of certain lawsuits

    • Optional provisions

    • Beneficiaries

    • Common Disaster

    • Dividend Options

    • ​Non - Forfeiture Options​

    • Settlement Options

    • Riders

    • Riders dealing with Living Benefits

    • The Uniform Simultaneous Death Act

    • Facility of Payment Provision

    • Module 3 Practice Questions

  • 5

    Module 4: Annuities, Qualified Plans and Taxes

    • Annuities qualified plans and taxes

    • Qualified and Non-Qualified Plans

    • Annuity Basics

    • Uses of an Annuity

    • Annuity Overview

    • ​Types of Annuities​

    • Types of Annuities to choose from?

    • Annuity Period – How will the funds be paid out?

    • IRAs – Individual Retirement Accounts

    • Other Retirement Plans

    • Rollovers and Transfers

    • Tax Consequences of Life Insurance and Dividends

    • Module 4 Practice Questions

  • 6

    Module 5: Group Insurance Concepts and Taxation

    • Group Insurance Concepts

    • Group Life Conversion

    • Taxation for Group Life Insurance

    • Module 5 Practice Questions

  • 7

    Module 6: State Laws and State Laws for Life Insurance

    • Introduction

    • State Laws

    • Resident Producer

    • Exemptions from pre-licensing course requirements

    • Agency or Business Entity License

    • Solicitor License

    • Counselor

    • Temporary license

    • Appointment

    • Reasons you could be denied a license, or have your license suspended or revoked

    • Regulations for Unfair Trade Practices

    • Module 6 Practice Questions

    • Life Exam for Certification

  • 8

    Module 7: Health Insurance 101

    • Health Insurance

    • Limited Policies

    • Accident versus illness

    • Module 7 Practice Questions

  • 9

    Module 8: Medical Expense Policies

    • Medical expense insurance

    • How do we pay claims?

    • Pre-Existing conditions

    • Major Medical

    • Medical Expense Distribution Systems

    • HMOs - Health Maintenance Organization

    • PPOs - Preferred Provider Organizations

    • POS - Point of Service plans

    • Managed Care Plan

    • Limited Policies

    • Dental Plans

    • Taxation of individual medical plans

    • Affordable Care Act (ACA)

    • Module 8 Practice Questions

  • 10

    Module 9: Disability Income

    • Disability Income

    • Recurrent benefit

    • Presumptive Disability

    • Disability Offset

    • Social Security Disability Income - SSDI

    • Rehabilitation benefit

    • Future Increase Option

    • Social Insurance Supplement (SIS) rider

    • Waiver of Premium rider

    • Group Disability

    • Business uses for disability income policies

    • Module 9 Practice Questions

  • 11

    Module 10: Medicare, Medicaid, and Long-Term Care

    • Medicare, Medicaid, and Long-Term Care insurance

    • Medicare - Part A

    • Medicare - Part B

    • Medicare - Part C

    • Medicare - Part D

    • Medicaid

    • Long Term Care

    • Michigan Laws on Medicare and LTC

    • Module 10 Practice Questions

  • 12

    Module 11: Health Insurance Policy Provisions

    • Health insurance policy provisions

    • Optional Provisions

    • Other provisions

    • Module 11 Practice Questions

  • 13

    Module 12: Group Health, Limited Plans, Dental Insurance, Taxes

    • Group Insurance

    • HIPAA the Health Insurance Portability Act of 1997

    • The Consolidated Omnibus Budget Reconciliation Act of 1985 - COBRA

    • FSA’s HSA’s and HRA’s

    • Workers Compensation

    • Limited Plans Review

    • Accidental Death and Dismemberment plans or AD&D

    • Dental Insurance

    • Taxes

    • Module 12 Practice Questions

    • Accident and Health Exam for Certification

    • Simulated State Practice Exam - Test Bank

  • 14

    MI Life Accident and Health Pre-licensing Course Manual

    • MI Life Accident and Health Pre-licensing Book

Take Your First Step To Getting State Certified!

Get started now and gain the knowledge needed to gain confidence and reach your goals of becoming a licensed insurance agent.