Under Michigan law, a person who wants to insure another individual's life for the person's own benefit must obtain the insured's written consent once the policy or certificate amount reaches what threshold?

Why B is correct

M.C.L. 500.2211 requires the written consent of the insured before a policy or certificate of $10,000 or more may be taken out on another person's life for the benefit of the applicant; the insured's signature on the application is accepted as that consent. Below the threshold the consent formality does not apply, and practical consequence is that applications naming the applicant as beneficiary on someone else's life must include the insured's signature once coverage reaches $10,000.

Why the other options are wrong

• A) $25,000 is a Chapter 12 civil-fine aggregate figure under the Michigan Insurance Code, not the consent threshold in M.C.L. 500.2211.
• C) $100,000 is the MLHIGA cash surrender value cap under M.C.L. 500.7704, a guaranty-association figure unrelated to insured consent.
• D) $300,000 is the MLHIGA life insurance death benefit cap under M.C.L. 500.7704, not the written-consent threshold.

Memory hook

Consent at ten grand: Michigan wants the insured's signature before you insure someone else's life for yourself.