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WEBCE PRACTICE EXAM 100 QUESTIONS WITH ALL THE RESPONSES
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WEBCE PRACTICE EXAM 100 QUESTIONS WITH ALL THE RESPONSES
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WEBCE PRACTICE EXAM100 QUESTIONS WITH
ALL THE RESPONSES
In hgeneral, hwhat his hthe hearliest hage hat hwhich ha hperson hcan htake ha hdistribution
hfrom ha hqualified hplan hwithout ha htax hpenalty? h- hcorrect hanswer-59 h1/2
Carol hwas h35 hwhen hshe hbought hher hdeferred hannuity. hNow, hat hage h38, hshe
hwants hto hwithdraw hfunds hfrom hthe hcontract hto htake ha hvacation. hCarol his hlikely
hto hencounter hall hof hthe hfollowing hconsequences hin hmaking hthe hwithdrawal
hEXCEPT: h- hcorrect hanswer-statutory hminimum hwithholding hrequirements
What hkind hof hmisrepresentation hon han hinsurance happlication hgives hthe hinsurer
hreason hto hterminate ha hpolicy? h- hcorrect hanswer-material hfact
Which hof hthe hfollowing hriders hattached hto hDebra's hlife hinsurance hpolicy hprovides
hfor ha hmonthly hincome hto hbe hpaid hif hshe hbecomes hdisabled? h- hcorrect hanswer-
disability hincome hbenefit hrider
In hcalculating htheir hlife hinsurance hpremiums, hwhich hof hthe hfollowing hstatements
hgenerally hguides hinsurance hcompanies hin hdetermining hthe h"loading" hfactor? h-
, hcorrect hanswer-Total hloading hfrom hall hpolicies hshould hcover htotal hoperating
hcosts, hprovide ha hsafety hmargin, hand hcontribute hto hprofits hor hsurplus.
What his hthe hmain hdifference hbetween hordinary hwhole hlife hand hlimited hpayment
hwhole hlife hinsurance? h- hcorrect hanswer-the hlength hof htime hthat hthe hinsured
hmust hpay hpremiums
Abby hlives hin hNew hMexico, hwhere hshe his hlicensed has han hinsurance hagent hand
hwants hto happly hfor ha hnonresident hlicense hin hArizona. hShe hholds ha hcurrent
hlicense hin hgood hstanding hin hNew hMexico. hWhen happlying hfor ha hlicense hin
hArizona, hAbby hmust hprove hher hcitizenship hby hsubmitting: h- hcorrect hanswer-a
hvalid hdriver's hlicense
Matt htakes hout ha hlife hinsurance hpolicy hon hhimself hto hprotect hhis hfamily. hMatt's
hinsurance hcompany hmay hconsider hall hof hthe hfollowing hwhen hunderwriting hhis
hpolicy hEXCEPT: h- hcorrect hanswer-his hrace
Under hwhich hof hthe hfollowing hdo hthe hcash hvalues hand hdeath hbenefits hrise hand
hfall hon hthe hbasis hof hthe hpolicy's hsubaccount hinvestment hperformance, hand hfor
hwhich hthe hinsurer hdoes hnot hguarantee ha hrate hof hreturn hon hthe hcash hvalue
hinvested? h- hcorrect hanswer-variable hlife
To hhelp hdetermine hhow hmuch hlife hinsurance ha hprospect hneeds, hagent hSmith
huses hthe hhuman hlife hvalue happroach hwhich his hessentially hbased hon han
hestimate hof hthe hprospect's: h- hcorrect hanswer-net hfuture hearnings hdiscounted hto
ha hpresent hvalue
Which hone hof hthe hfollowing hstatements habout hMultiple hEmployer hWelfare
hArrangements h(MEWAs) his hmost hcorrect? h- hcorrect hanswer-They hare husually
hcreated hby hemployers hin hthe hsame hindustry.
Which hof hthe hfollowing hbest hdescribes hincome hpayments hunder hthe hperiod
hcertain hpayout hoption? h- hcorrect hanswer-the hlonger hthe hpayout hperiod, hthe
hsmaller hthe hamount hof heach hmonthly hpayment
Delta hCo. hbuys ha hgroup hlife hinsurance hpolicy hfor hits hemployees. hAs hthe hplan
hsponsor, hwhat hwill hDelta hreceive? h- hcorrect hanswer-a hpolicy
Margie howns ha hfixed hlife hinsurance hpolicy. hWhat htype hof hdeath hbenefit his
hMargie hguaranteed? h- hcorrect hanswer-The hpolicy hguarantees ha hfixed hamount.
What his hthe hminimum hgrace hperiod hrequired hfor hpayment hon han hannuity? h-
hcorrect hanswer-30 hdays
Which hone hof hthe hfollowing hhas hmore hthan h"an hexpectancy" hthat hhe hor hshe
hwill hreceive hthe hdeath hbenefit hunder ha hlife hinsurance hpolicy? h- hcorrect hanswer-
an hirrevocable hbeneficiary
An hagent hfor hABC hInsurance hCompany hmeets hwith ha hclient. hThe hagent hshows
hthe hclient hABC's hsample hpolicies, hrefers hto hthe hABC hrate hbook, hand hgives hthe
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