Annuity webce - Study guides, Class notes & Summaries

WebCE Test 1 Exam with Correct Answers 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 s...

WebCE Test 1 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. - answer-she must show her Ohio license is in good standing An annuity settlement option with a life contingency i...

WebCE Test 1 Questions with Verified Answers Abby lives in Ohio, where she is licensed as an insurance producer. 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 She 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 ann...

Annuity – WebCE Exam-with 100% verified solutions

Webce GA Annuity Exam Questions and Answers 100% CorrectWebce GA Annuity Exam Questions and Answers 100% CorrectWebce GA Annuity Exam Questions and Answers 100% CorrectWebce GA Annuity Exam Questions and Answers 100% Correct 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'...

Annuity - WebCE Risk - correct answer Chance of loss 5 Risk or Loss Factors - correct answer 1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard Insurance allows: - correct answer Individual or group to transfer over to insurance company the risk of financial loss from a destructive event Fundamental purpose of insurance is: - correct answer To indemnify policyholder against covered losses or restore policyholder back to same financial position they were in before Insurance companies may ...

WebCE Test 1 Q&A 2024 Updated 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. - Answer -she must show her Ohio license is in good standing An annuity settlement option with a l...

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...

Annuitization is - Ans Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? - Ans 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? - Ans When a consumer priorities and needs typically shift from asset accumulation to income distribution What is the start date rang...