Life insurance wisconsin - Study guides, Class notes & Summaries
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Wisconsin Life Insurance Exam Questions With 100% Correct Answers
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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...
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Wisconsin Accident and Health Insurance Exam Questions and Correct Answers 100%
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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...
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Wisconsin Life Insurance Exam | 165 Questions with 100% Correct Answers | Verified | Latest Update 2024
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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 following statements is INCORRECT? 
a) The premium for individual ...
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PSI Life Exam Questions and Answers 100% Pass
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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...
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WI Life Insurance Exam Questions and Answers Already Passed
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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 th...
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PSI Life Exam Questions and Answers 2022/2023
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What kind of retirement plan can a 75-employee for profit corporation establish? - ANSWER-Simple IRA 
 
The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the - ANSWER-Exclusion ratio 
 
Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT - ANSWER-failure to pay all claims that are reported within 90 days after a loss occurs 
 
The settlement option that allows p...
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PSI Life Exam/Answered/Graded A+/Latest 2023/2024
- Exam (elaborations) • 13 pages • 2023
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PSI Life Exam/Answered/Graded A+/Latest 2023/2024 
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 settle...
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Wisconsin Life Insurance Exam @ 2023
- Exam (elaborations) • 8 pages • 2023
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Wisconsin Life Insurance Exam @ 2023...
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Exam FX Insurance- Wisconsin Life questions (Answered). 100% Accurate, Graded A
- Exam (elaborations) • 69 pages • 2023
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Exam FX Insurance- Wisconsin Life questions (Answered). 100% Accurate, Graded A 
 
 
An insurer decides to renew a policy but at a higher premium rate, starting on the renewal date. How many days in advance must the insured be notified? 
 
a) 30 
b) 60 
c) 90 
d) 100 - -b 
 
How is the Commissioner of Insurance placed in office? 
 
a)By NAIC nomination 
b)Through a bid process 
c)An election at the same time that other state officials are selected 
d)An appointment by the Governor - -d 
 
An ins...
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WISCONSIN LIFE INSURANCE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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WISCONSIN LIFE INSURANCE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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