Annuity webce Study guides, Class notes & Summaries

Practice Exam WEBCE #2If Rick withdraws funds from his universal life insurance policy, what will be the effect on the policy's death benefit? - correct answer It will be reduced by the amount of the withdrawal. All of the following uses for life insurance in a business represent a valid insurable interest, EXCEPT: -Life insurance bought by businesses to cover the lives of their key employees or owners. -Life insurance used to provide funds in the event an insured key employee or partner ...

How to Structure an Annuity Contract WebCE questions well answered graded A+ Which term refers to structured payouts that will liquidate an annuity's invested premiums and accumulated earnings over some period of time? - annuitization At Eileen's death, Winthrop received the death benefit payable under Eileen's annuity and chose to continue the contract in his name and continue to accrue tax-deferred accumulations. What was Winthrop's relation to Eileen? - He was her sp...

2-15 WebCE problemsFor which of the following will a Medicare participant have to pay all of the costs? eyeglasses 3 multiple choice options John's health insurance policy is reinstated on the tenth of the month. He gets sick on the eighteenth and is treated. The policy has a $1,000 deductible and 80/20 coinsurance on the next $5,000 of expenses. His expenses total $9,500. How much, if anything, will the policy pay for his expenses? $0 3 multiple choice options Alex sold an ...

WebCE Test 1 Actual Questions with Complete Solutions 100% verified 2023 Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? She must move to Pennsylvania. She must surrender her Ohio license. She must be sponsored by a producer licensed in Pennsylvania. She must show her Ohio license is in good standing. An annuity settlement option with a life contingency is ...

ANNUITY – WEBCE EXAM 2024|25 QUESTIONS WITH VERIFIED ANSWERS

Annuity – WebCE Questions And Answers Annuitization is - answerAccumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? - answerA specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and needs shifted) that annuities are well suited for late-life retirement planning? - answerWhen a consumer priorities and needs typically shift from asset accumulation to inc...

Annuitization is - Answer- Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? - Answer- A specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and needs shifted) that annuities are well suited for late-life retirement planning? - Answer- When a consumer priorities and needs typically shift from asset accumulation to income distribution What is the sta...

4-HOUR ANNUITY SUITABILITY AND BEST INTEREST STANDARDS EXAM WEBCE

WEBCE Question and answer rated A+ 2023/2024 Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? She must move to Pennsylvania. She must surrender her Ohio license. She must be sponsored by a producer licensed in Pennsylvania. She must show her Ohio license is in good standing. - correct answer she must show her Ohio license is in good standing An...

Annuity – WebCE Exam 2024 Questions with Verified Answers Annuitization is - answerAccumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? - answerA specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and needs shifted) that annuities are well suited for late-life retirement planning? - answerWhen a consumer priorities and needs typically shift from asse...