Free Michigan Life Exam Practice Test
Series 16-65 — The Michigan Life producer exam is given by PSI (exam 16-65) and covers general insurance concepts, life policies, and Michigan insurance law and regulation.
100
Scored items (approx.)
120 min
Time limit
72%
Passing score
813
Practice questions
Topics covered on the Life exam
Insurance Regulation
172 practice questions · Regulatory authority, Head of DIFS, Continuing education, Ethics CE, …
General Insurance Concepts
77 practice questions · Contract of adhesion, Aleatory contract, Utmost good faith, Consideration, …
Life Insurance Basics
129 practice questions · Insurable interest, Principle of indemnity, Risk classification, Adverse selection, …
Types of Life Insurance Policies
115 practice questions · Term insurance, Whole life, Universal life, Variable life, …
Life Policy Provisions Options and Riders
139 practice questions · Grace period, Incontestability, Reinstatement, Suicide clause, …
Annuities
101 practice questions · Annuity purpose, Accumulation phase, Fixed annuity, Variable annuity, …
Federal Tax Considerations
80 practice questions · Death benefit taxation, Cash value growth, MEC, Policy loans, …
Practice Test: Life
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
