Wisconsin insurance exam - Study guides, Class notes & Summaries

Wisconsin Life Insurance Exam Questions With 100% Correct Answers A 60-year-old participant in a 401(k) plan takes a distribution and rolls it over to an IRA within 60 days. Which of the following is true? a) The amount of the distribution is reduced by the amount of a 20% withholding tax b) No taxes are due since the plan participant is over age 59 1/2 c) There is a 10% early withdrawal penalty d) The amount distributed is subject to ordinary income tax - a A claimant, whi is to...

WI Life Insurance Exam Questions and Answers Already Passed What is the purpose of the Wisconsin State Life Insurance Fund? a) to offer low-cost life insurance to state residents b) To protect insured against insolvent insurers c) To advertise different types of life insurance policies available in the state d) To provide life insurance through licensed intermediaries a An employee is insured under her employer's group life plan. If she terminates her group coverage, which of the...

Wisconsin Insurance Exam Questions and Answers 2024 / 2025 (Verified Answers by Expert)

Wisconsin Accident and Health Insurance Exam Questions and Correct Answers 100% Dividends from a stock company are normally sent to: Beneficiaries Shareholders Policy holders Insureds - CORRECT ANSWER-Shareholders Which of the following financial products creates an instant estate, no matter when the date of death? Mutual funds Life insurance Certificate of deposit Deferred annuity - CORRECT ANSWER-Life insurance Which of the following outlines the authority given to the produ...

Wisconsin Accident and Health Insurance Exam 2023 Questions and Answers with complete solution

SI Life Exam Questions and Answers 100% Pass What kind of retirement plan can a 75-employee for profit corporation establish? Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT failure to pay all claims that are reported within 90 days after a loss occurs The settlement option t...

Wisconsin Insurance Exam Latest Update Graded A+ Risk Not Knowing what will happen in the future and the possibility the outcome will be negative Defined As: Chance of Loss Possibility of Loss Uncertainty of Loss Types of Loss 1. Financial -Loss of house to loss of life 2. Non-Financial -Loss of Friendship Speculative Risk I win or I lose Pure Risk I lose or I do not lose Peril The actual cause of a loss Natural, Human, Economical, etc Hazard Situations or f...

WISCONSIN INSURANCE EXAM

Risk -:- Not Knowing what will happen in the future and the possibility the outcome will be negative Defined As: Chance of Loss Possibility of Loss Uncertainty of Loss Types of Loss -:- 1. Financial -Loss of house to loss of life 2. Non-Financial -Loss of Friendship Speculative Risk 2 | P a g e | G r a d e A + | 2 0 24 / 2 0 2 5 2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel! -:- I win or I lose Pure Risk -:- I lose or I do not lo...

Wisconsin Insurance Exam 2024/2025 Questions with 100% Correct Answers Adverse selection - Trying to get a policy for events that are already occurring, or are knowingly going to happen (Life insurance policy before committing suicide, home insurance while a fire is destroying home, etc) Aleatory - A contract in which the consideration or monetary value between the parties is not equal The policy holder pays a premium and may collect nothing from the insurer is no loss occurs; h...