Life insurance wisconsin - Study guides, Class notes & Summaries

Wisconsin Life Insurance Exam Prep 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert) Stock insurer ANS - Owned by stockholders/shareholders - Pays taxable dividends to shareholders if a profit ismade -Issues nonparticipating policies (non-PAR) 2. Mutual Insurer ANS - An insurer that is owned by its policyholders - If company is profitable, excess premiums are returned as non-taxable dividend -Issues participating (Par) policies 3. Fraternal Benefit Societies ANS -Life ...

Life Insurance Exam - Wisconsin Questions & Answers 2024 ( A+ GRADED 100% VERIFIED)

Wisconsin Accident and Health Insurance Exam Questions and Correct Answers 100% 1. Dividends from a stock company are normally sent to: Beneficiaries Shareholders Policy holders Insureds--: correct answer :-- Shareholders 2. 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 3. Which of the following outlines the authority given to...

Wisconsin Laws and Rules Pertinent to Life and Health Insurance Questions and Answers Latest Update Already Passed In regards to technology and the ACA, which of the following statements is correct? States which operate with an Exchange must offer an internet-based portal Health providers are compensated by a preferred provider organization (PPO) for normal dental procedures by what means? Decreased fee schedules An insured's statement of a policy's benefits which is to be used in...

Study Review for Wisconsin Accident and Health Insurance Exam Q & A 2024 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 - CORRECT ANSWER-a An employee is insured under her employer's group life plan. If she terminates her gro...

NWM General Wisconsin Insurance Laws Questions and Answers 100% Pass What is coersion? A forceful act or threat aimed to influence a person to act against their will What is exempt? Not subject to an obligation What is an inducement? an offer that attmepts to influence the other party What is insolvent? Unable to meet financial obligations What is Lapse? A policy termination due to nonpayment of premium What is the NAIC? National Association of Insurance Commissioners Wh...

Wisconsin Accident and Health Insurance Exam Questions and Answers 100% Pass Dividends from a stock company are normally sent to: Beneficiaries Shareholders Policy holders Insureds 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 Life insurance Which of the following outlines the authority given to the producer on behalf of the insurer? R...

Wisconsin Life Insurance Exam Prep Latest Update Graded A+ Stock insurer - Owned by stockholders/shareholders - Pays taxable dividends to shareholders if a profit is made -Issues nonparticipating policies (non-PAR) Mutual Insurer - An insurer that is owned by its policyholders - If company is profitable, excess premiums are returned as non-taxable dividend -Issues participating (Par) policies Fraternal Benefit Societies -Life or health insurance companies formed to provide insur...

Wisconsin Life Insurance Exam|Latest Update Graded A+ Mortality The rate people will die Morbidity The rate people will get sick Peril The cause of loss and the event insured against. Ex: premature death, dependency during old age, accident, and sickness Adverse Selection The tendency for poorer than average risks to seek out insurance Annuity Annuities protect against the risk of living longer than expected. Annuities provide a guaranteed life income to protect agains...