WEBCE Practice Exam Questions with 100% Correct Answers
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Course
WebCE
Institution
WebCE
WEBCE Practice Exam Questions with
100% Correct Answers
In general, what is the earliest age at which a person can take a distribution
from a qualified plan without a tax penalty? - 59 1/2
Carol was 35 when she bought her deferred annuity. Now, at age 38, she
wants to withdraw funds from the c...
Which one of the following statements about Multiple Employer Welfare
Arrangements (MEWAs) is most correct? - ✔✔They are usually created by
employers in the same industry.
Which of the following best describes income payments under the period
certain payout option? - ✔✔the longer the payout period, the smaller the
amount of each monthly payment
Delta Co. buys a group life insurance policy for its employees. As the plan
sponsor, what will Delta receive? - ✔✔a policy
Margie owns a fixed life insurance policy. What type of death benefit is
Margie guaranteed? - ✔✔The policy guarantees a fixed amount.
What is the minimum grace period required for payment on an annuity? -
✔✔30 days
Which one of the following has more than "an expectancy" that he or she
will receive the death benefit under a life insurance policy? - ✔✔an
irrevocable beneficiary
An agent for ABC Insurance Company meets with a client. The agent
shows the client ABC's sample policies, refers to the ABC rate book, and
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