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 Weglarz, 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

  • 2

    Module 1: Insurance 101

    • Chapter 1 - Overview Video

      FREE PREVIEW
    • The Basics of Insurance

    • Exposures

    • Pure vs. Speculative Risk

    • Hazards and Perils

    • Law of Large Numbers

    • Underwriting and Rating

    • Adverse Selection

    • Categorizing Insureds

    • Underwriting Groups

    • Stock vs Mutual

    • Admitted versus Non-Admitted Carriers

    • Producer, Principal

    • Contracts, Premium Calculations and Applications

    • Waiver and Estoppel

    • Underwriting Information

    • Insurable Interest and Contract Characteristics

    • Life Quiz - Chapter 1

  • 3

    Module 2: Life Insurance Basics and Policies

    • Chapter 2 - Overview Video

    • 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 and 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

    • Life Quiz - Chapter 2

  • 4

    Module 3: Options, Riders and Provisions

    • Chapter 3 - Overview Video

    • 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

    • Life Quiz - Chapter 3

  • 5

    Module 4: Annuities, Qualified Plans and Taxes

    • Chapter 4 - Overview Video

    • 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

    • Life Quiz -Chapter 4

  • 6

    Module 5: Group Insurance Concepts and Taxation

    • Chapter 5 - Overview Video

    • Group Insurance Concepts

    • Group Life Conversion

    • Taxation for Group Life Insurance

    • Life Quiz - Chapter 5

  • 7

    Module 6: State Laws and State Laws for Life Insurance

    • Chapter 6 - Overview Video

    • Introduction

    • State Laws

    • Resident Producer

    • Exemptions from pre-licensing course requirements

    • Agency or Business Entity License

    • Solicitor License

    • Counselor

    • Temporary license

    • Appointment with Insurer

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

    • Regulations for Unfair Trade Practices

    • Michigan - State Laws & Regulations - Review Sheet

    • State Laws - Quiz

    • Life Exam for Certification - 70%

  • 8

    Module 7: Health Insurance 101

    • MSOI- Chapter 7 - Video

    • Health Insurance

    • Limited Policies

    • Accident versus Illness

    • Health Quiz - Chapter 7

  • 9

    Module 8: Medical Expense Policies

    • Chapter 8 - Overview Video

    • 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)

    • Health Quiz - Chapter 8

  • 10

    Module 9: Disability Income

    • Chapter 9 - Overview Video

    • Disability Income

    • Recurrent Benefit

    • Presumptive Disability

    • Disability Offset - Coordination of Benefits

    • 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

    • Health Quiz - Chapter 9

  • 11

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

    • Chapter 10 - Overview Video

    • Medicare, Medicaid, and Long-Term Care insurance

    • Medicare - Part A

    • Medicare - Part B

    • Medicare - Part C

    • Medicare - Part D

    • Medicare Supplement Insurance

    • Medicaid

    • Long Term Care

    • Michigan Laws on Medicare and LTC

    • Health Quiz - Chapter 10

  • 12

    Module 11: Health Insurance Policy Provisions

    • Chapter 11 - Overview Video

    • Health Insurance Policy Provisions

    • Optional Provisions

    • Other provisions

    • Health Quiz - Chapter 11

  • 13

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

    • Chapter 12 - Overview Video

    • 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

    • Health Quiz - Chapter 12

    • Accident and Health Exam for Certification - 70%

    • Final - STUDY GUIDE - LAH

    • Simulated State Exam for Practice

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.