WebCE Bundled Exams Tutor 2023 with 100% correct answers

All of the following are eligible to purchase a group life insurance policy EXCEPT: the Wonderful Widget Company, which employs more than 200 people the State Electrical Workers Union the Retailers Multiple Employer Trust, formed by two retailers to purchase insurance for their employees Stan ...

In general, what is the earliest age at which a person can take a distribution from a qualified plan without a tax penalty? correct answers59 1/2 Carol was 35 when she bought her deferred annuity. Now, at age 38, she wants to withdraw funds from the contract to take a vacation. Carol is likely to...

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 licens...

On what basis are benefits payable under a long-term care insurance policy typically triggered? A) the diagnosis of an acute medical condition B) the number and types of medications prescribed C) the inability to perform of medications prescribed D) all of the above correct answersC) The inab...

Which medical plan covers doctor visits while the insured is in the hospital and physical therapy treatments following release from the hospital? limited medical policy basic hospital expense policy comprehensive major medical insurance supplementary major medical insurance correct answerscomp...

Representations and Warranties correct answersRepresentations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Underwriting vs. Actuarial Departments correct answersTwo ...

Risk correct answersChance of loss 5 Risk or Loss Factors correct answers1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard Insurance allows: correct answersIndividual or group to transfer over to insurance company the risk of financial loss from a destructive event Fundamental purpose of insur...

Buying life or health insurance is an example of which risk management technique? risk avoidance risk reduction risk retention risk transfer correct answersrisk transfer What is the mathematical concept of probability that helps insurers estimate the statistical likelihood of mortality or m...

What is the Primary Goal of Long Term Care correct answersTo maintain functionality Which of the following most precisely defines the fundamentals of self-care and the basic tasks of life? correct answersActivities of daily living Long Term Care occurs only in nursing facilities. correct answe...

Indirect Loss correct answersA secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System correct a...

Annuitization is correct answersAccumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? correct answersA specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and...

A tornado severely damages one of Major Manufacturing's plants. As a result of the damage, Major Manufacturing is forced to curtail its operations during the 6 months needed to complete repairs. The resulting loss of income suffered by Major Manufacturing is referred to as correct answersa time ele...