Webce - Study guides, Class notes & Summaries

For whom is joint ownership of an annuity often reserved? Correct Answer spouses At what point does the beneficiary to an annuity acquire rights in the contract? Correct Answer (Wrong) upon contract issue and throughout the life of the contract, until the death of the contract owner or annuitant Generally speaking, how long is the accumulation period for immediate annuities? Correct Answer one month to one year For which of the following needs are traditional deferred annuities best sui...

WEBCE FINAL EXAM LATEST 2023 REAL EXAM 100 QUESTIONS AND ANSWERS WITH RATIONALES(VERIFIED ANSWERS)

How to Structure an Annuity Contract Which term refers to structured payouts that will liquidate an annuity's invested premiums and accumulated earnings over some period of time? - correct answer 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? - correct answer He was her spouse. What kind of annui...

WebCE: Long-Term Care: Programs, Policies, and Partnerships Exam with 100% Correct Answers | Verified & Updated 2024 What is the Primary Goal of Long Term Care - Answer ️️ -To maintain functionality Which of the following most precisely defines the fundamentals of self-care and the basic tasks of life? - Answer ️️ -Activities of daily living Long Term Care occurs only in nursing facilities. - Answer ️️ -False On what basis are benefits payable under a long term care insurance p...

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 answersFalse On what basis are benefits payable under a long term care insurance policy typically triggered? correct answersthe inability to perform defined ADLs A long-term care ombudsman represents...

What is the underwriter's goal? correct answersTo write a book of business in which the actual losses approximate the expected losses. Gertrude is going to become an insurance agent. She would like to work in an agency that represents many different insurance companies. Gertrude will go to work for a(n) correct answersIndependent agency When a client suffers a loss, MegaInsurers is expected to respond promptly to settle the resulting claim. Depending on the line of insurance, claim costs ...

Webce Insurance test questions and Answers 2023 with complete Solution. Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 - ANSWER 10 days 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 ...

Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 - ANSWER 10 days 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 surrende...

WEBCE Test Questions And Answers With Latest Updates 2024/2025 WEBCE Test Questions And Answers With Latest Updates 2024/2025

What is the underwriter's goal? - ANSWER-To write a book of business in which the actual losses approximate the expected losses. Gertrude is going to become an insurance agent. She would like to work in an agency that represents many different insurance companies. Gertrude will go to work for a(n) - ANSWER-Independent agency When a client suffers a loss, MegaInsurers is expected to respond promptly to settle the resulting claim. Depending on the line of insurance, claim costs generally co...