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WEBCE EXAM WITH ALL ANSWERS
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WEBCE EXAM WITH ALL ANSWERS
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WEBCE EXAM WITH ALLANSWERS
All bof bthe bfollowing bare beligible bto bpurchase ba bgroup blife binsurance bpolicy
bEXCEPT:
the bWonderful bWidget bCompany, bwhich bemploys bmore bthan b200 bpeople
the bState bElectrical bWorkers bUnion
the bRetailers bMultiple bEmployer bTrust, bformed bby btwo bretailers bto bpurchase
binsurance bfor btheir bemployees
Stan band bhis bneighbors, bwho bform btheir bown bgroup bto bbuy bgroup bcoverage bat
ba blower bcost bthan btheir bindividual bcoverages b- bcorrect banswer-Stan band bhis
bneighbors bare bnot beligible bto bpurchase bgroup blife binsurance bbecause ba bgroup
bcannot bbe bformed bsolely bto bobtain blife binsurance
With brespect bto bthe bdifference bbetween bvariable blife binsurance b(VLI) band
bvariable buniversal blife binsurance b(VUL), bwhich bof bthe bfollowing bstatements bis
bcorrect?
Variable blife bpolicies brequire ba bfixed bpremium bpayable bfor bthe blife bof bthe bpolicy
bwhile bvariable buniversal blife bpermits bpremium bflexibility.
Only bvariable blife bpolicies ballow bthe bpolicyowner bto bput bfunds bin binvestment
bsubaccounts.
Only bvariable buniversal blife bpolicies boffer ba bminimum bdeath bbenefit.
,Only bvariable buniversal blife bis ba bsecurities bproduct. b- bcorrect banswer-Variable
blife bpolicies brequire ba bfixed bpremium bpayable bfor bthe blife bof bthe bpolicy bwhile
bvariable buniversal blife bpermits bpremium bflexibility
Jessica, bage b25, bbuys ba b$100,00 blife binsurance bpolicy. bThe binitial bpremium bis
blower bthan bstraight bwhole blife brates band bincreases beach byear bfor bthe bfirst bten
byears bof bthe bpolicy bperiod. bAfter bthat, bthe bpremium blevels boff band bremains bat
bthat bamount bfor bthe blife bof bthe bpolicy. bWhat btype bof bpolicy bdoes bJessica bown?
indeterminate bpremium bwhole blife
single bpremium blife
graded bpremium bwhole blife
20-pay blife b- bcorrect banswer-graded bpremium bwhole blife
Which bstatement babout bmodified bpremium bwhole blife binsurance bis bNOT bcorrect?
It bdoes bnot bbuild bcash bvalue.
It bcharges blower bpremiums bin bthe bearly bpolicy byears.
At bthe bend bof bthe binitial bperiod, bthe bpremium bincreases band bstays bat bthe bnew
blevel bfor bthe blife bof bthe bpolicy.
It bis bgood bfor bpeople bwho bwant bthe bguarantees bof bwhole blife binsurance band
blower bearly bpremiums. b- bcorrect banswer-It bdoes bnot bbuild ba bcash bvalue
A blife binsurance bpolicy bmatures bor bendows bwhen bits bguaranteed bcash bvalue
bequals bits bface bamount. bWith ban bendowment bcontract, bwhen bdoes bthe bpolicy
bendow?
when bthe binsured bdies
at bage b120
after bage b120
well bbefore bage b120, busually bat bage b65 b- bcorrect banswer-well bbefore bage b120,
busually bat bage b65
A btype bof bpermanent blife binsurance bthat blets bthe bpolicyowner bincrease, breduce
bor beven bskip bpremium bpayments bat bwill bwithout bthe bpolicy blapsing bbest
bdescribes:
variable blife binsurance
universal blife binsurance
adjustable blife binsurance
modified bpremium bwhole blife binsurance b- bcorrect banswer-universal blife binsurance
Variable buniversal blife bcombines bfeatures bof bvariable blife band buniversal blife.
bVariable buniversal blife band buniversal blife bare balike bin ball bthe bfollowing bways
bEXCEPT:
The bpremium bpayments bfor bboth bare bflexible.
Both btypes bof bpolicies blet bthe bpolicyowner bchoose ba bdeath bbenefit bfrom btwo
b(or bsometimes bthree) boptions.
,For bboth bpolicies, bthe binsurer bdeducts binsurance band bexpenses bmonthly bfrom
bthe bcash bvalue.
Both bare bconsidered bsecurities bproducts bas bwell bas blife binsurance. b- bcorrect
banswer-both bare bconsidered bsecurities bproducts bas bwell bass blife binsurance
All bthe bfollowing bstatements babout bterm blife binsurance bare bcorrect bEXCEPT:
It boffers bprotection bfor ba bspecified, blimited bperiod.
A bsmall bcash bvalue bgradually baccumulates bwhile bthe bpolicy bis bin bforce.
Upon bissue, bit bis bgenerally bless bexpensive bthan bpermanent binsurance bof
bcomparable bface bamount.
It bpays ba bbenefit bonly bif bthe binsured bdies bduring bthe bspecified bperiod. b- bcorrect
banswer-a bsmall bcash bvalue bgradually baccumulates bwhile bthe bpolicy bis bin bforce
A btype bof blife binsurance bthat bcovers btwo bpeople band bpays bthe bdeath bbenefit
bonly bupon bthe bsecond binsured's bdeath bis bcalled
survivorship blife
family blife
spousal blife
joint blife b- bcorrect banswer-survivorship blife
Under ba bjoint blife binsurance bpolicy, bwhen bdoes bthe binsurer bpay bthe bdeath
bbenefit?
when bthe bfirst binsured bdies
only bwhen bthe bsurviving binsured bdies
only bwhen bthe bolder binsured bdies
only bwhen bthe byounger binsured bdies b- bcorrect banswer-when bthe bfirst binsured
bdies
Which bof bthe bfollowing btypes bof bwhole blife binsurance bis bpaid bwith bone bpremium
bat bthe btime bthe bpolicy bis bbought?
modified bpremium bwhole blife
limited bpay blife
graded bpremium bwhole blife
single-premium blife b- bcorrect banswer-single-premium blife
Which bof bthe bfollowing blife binsurance bproducts bis bbest bsuited bfor binsuring ba
bmortgage bor bother blong-term bloan bwith bthe bleast bpremium bpossible?
increasing bterm blife binsurance
level bterm blife binsurance
decreasing bterm blife binsurance
whole blife binsurance b- bcorrect banswer-decreasing bterm blife binsurance
A bmarried bcouple bis binsured bunder ba bjoint blife bpolicy. bThe bfirst bspouse bdies.
bWhat bcan bthe bsurviving bspouse bdo bwith bthe bpolicy?
, The bsurviving bspouse bcan brenew bthe bpolicy.
The bsurviving bspouse bcan bconvert bthe bpolicy bif bhe bor bshe bproves binsurability.
The bsurviving bspouse bmay bconvert bthe bpolicy bwithout bproving binsurability.
The bsurviving bspouse bcannot bconvert bthe bpolicy. b- bcorrect banswer-the bsurviving
bspouse bcan bconvert bthe bpolicy bif bhe bor bshe bproves binsurability
Alan band bhis bwife bare bexpecting btheir bfirst bchild. bAlan bwants bthe bmost bdeath
bprotection bthat bhe bcan bget bfor bthe bsmallest bamount bof bpremium, bat bleast bwhile
bhe's bstarting bhis bfamily. bIdeally, bhe bwould blike bto bbe bable bto bupgrade bhis
bcoverage bto ba bwhole blife bpolicy bat bsome bpoint. bWhich bof bthe bfollowing
bproducts bwould byou brecommend?
whole blife binsurance bpolicy
variable blife binsurance bpolicy
universal blife bpolicy
ten-year bconvertible bterm blife bpolicy b- bcorrect banswer-ten-tear bconvertible bterm
blife bpolicy
Michael band bhis bfriends band bfamily, bwho bare btired bof bpaying bhigh bpremiums
bfor btheir bindividual bpolicies, bdecide bto bget btogether band bbuy ba bgroup blife
binsurance bpolicy. bWhy bwill btheir bapproach bnot bwork?
Group bpolicies bare bonly bavailable bto bemployers.
Family bmembers bcannot bbe bcovered bunder bthe bsame bgroup bpolicy.
A bgroup bcannot bbe bformed bjust bfor bthe bpurpose bof bobtaining binsurance.
None bof bthe bmembers bin bthe bgroup bis ba blicensed bagent. b- bcorrect banswer-a
bgroup bcannot bbe bformed bjust bfor bthe bpurpose bof bobtaining binsurance
While bcompleting ban bapplication bfor ba blife binsurance bpolicy, bDan bdiscloses bhis
bpartial bblindness. bThe binsurer bwill btreat bthis bblindness bas ba:
peril
moral bhazard
morale bhazard
physical bhazard b- bcorrect banswer-physical bhazard
Peril bvs bHazard b- bcorrect banswer-Peril bis bthe bCAUSE bof bloss
Hazard bis ba bcharacteristic bthat bincreases bthe bchance bof ba bperil boccurring
Which bof bthe bfollowing bbest billustrates brisk btransfer?
Anita bbuys bhealth binsurance bto bprotect bherself bin bcase bof bserious billness.
Abigail bcontinues bto brent bher bhome bbecause bshe bthinks bhomeowners binsurance
bis btoo bexpensive. bRefusing bto bbuy ba bhome band binsure bit bis ban bexample bof
brisk bavoidance.
Anne bdoes bnot bventure bout bafter bdark bbecause bshe bis bafraid bof bbeing
bassaulted.
Arlene bdecides bnot bto bpurchase blife binsurance bbecause bshe bhas bno
bdependents band bplenty bof bcash bin bher bsavings baccounts bto bcover bany bfinal
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