Package deal for WEBCE exam 2023 verified

Webce test questions and answers 2023which of the following situations presents a situation of pure risk? -knowing that his family is depending on him, Frank wants to insure his life -wanting to increase his retirement savings, Saul invests his life savings in the stock market -Ralph takes a se...

WebCE questions with complete solutions 2023On 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) ...

Annuity – WebCE questions with complete solutions 2023Annuitization is Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? A specified term of years, for life, or a combination of the two. 00:02 01:18...

Life and Health Insurance Exam Webce questions & answers 2023Risk Chance of loss Loss Unplanned reduction of economic value Peril cause of loss Hazard a condition that increases the chance of peril Risk Transfer buying insurance to shift the risk to insurance compa...

WebCE Property & Casualty Prep Exam correctly answered 2023Risk Chance of loss 5 Risk or Loss Factors 1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard 00:52 01:18 Insurance allows: Individual or group to transfer over to insurance company the risk of financial loss from a de...

Webce Life and Health questions and answers 2023Representations and Warranties Representations 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. Act...

WEBCE Practice Exam 100 q questions and answers 2023In 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 contr...

WebCe – Ethics questions and answers 2023You have been invited to your niece's wedding reception, and the invitation requests an RSVP. You really don't want to go, and you could simply decline the invitation. But you respond that you will be in attendance, and you check her bridal registry to se...

WebCE Test 1 questions with complete solutions 2023Abby 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 lice...

WebCe - Commercial Properties questions with complete solutions 2023A 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 suffere...

WebCE Exam Tutor questions with correct answers 2023All 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 retail...

Life and Health Insurance Exam Webce correctly answered 2023Risk Chance of loss Loss Unplanned reduction of economic value 00:15 01:18 Peril cause of loss Hazard a condition that increases the chance of peril Risk Transfer buying insurance to shift the risk...

WebCE Practice Quiz questions & answers 20231. The ethical principle, "Place the interests of others above your own," is an example of b. positive actions or results-based ethics 2. Your sister escaped from an abusive husband and is hiding in your basement when her husband knocks on your...

WebCe - Commercial Lines 101 correctly answered 2023What is the underwriter's goal? 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 insu...