Webce practice exam q - Study guides, Class notes & Summaries

WEBCE Practice Exam Questions with 100% Correct Answers A policyowner can access the cash value of many life insurance policies through withdrawals, loans or policy surrender. Which of the following terms describes the ability to easily convert life insurance into cash? Liquidity. Life insurance policy proceeds are protected from the claims of creditors due to the policy's: Spendthrift clause. Which of the following is an insurable risk? The possibility of becoming disabled and u...

PA Life Accident & Health - WebCE practice exam questionsAlex sold an insurance policy before his license lapsed and earned a commission on the sale. Is he entitled to a commission if the policy is renewed? - correct answer yes, because he was licensed when the policy was sold Under the Old Age, Survivors, and Disability Insurance (OASDI) Program, eligible workers and their families may be entitled to receive all of the following EXCEPT: - correct answer Medical care benefits A claimant on...

In general, what is the earliest age at which a person can take a distribution from a qualified plan without a tax penalty? Correct Answer 59 1/2 Carol was 35 when she bought her deferred annuity. Now, at age 38, she wants to withdraw funds from the contract to take a vacation. Carol is likely to encounter all of the following consequences in making the withdrawal EXCEPT: Correct Answer statutory minimum withholding requirements What kind of misrepresentation on an insurance application gi...

WEBCE PRACTICE EXAM QUESTIONS AND ANSWERS, RATED A+/ VERIFIED/ A policyowner can access the cash value of many life insurance policies through withdrawals, loans or policy surrender. Which of the following terms describes the ability to easily convert life insurance into cash? - Liquidity. Life insurance policy proceeds are protected from the claims of creditors due to the policy's: - Spendthrift clause. Which of the following is an insurable risk? - The possibility of becoming disable...

WEBCE Practice Exam Questions With 100% Correct Answers In general, what is the earliest age at which a person can take a distribution from a qualified plan without a tax penalty? - answer59 1/2 Carol was 35 when she bought her deferred annuity. Now, at age 38, she wants to withdraw funds from the contract to take a vacation. Carol is likely to encounter all of the following consequences in making the withdrawal EXCEPT: - answerstatutory minimum withholding requirements What kind of misr...

WEBCE Practice Exam Questions With 100% Correct Answers In general, what is the earliest age at which a person can take a distribution from a qualified plan without a tax penalty? - answer59 1/2 Carol was 35 when she bought her deferred annuity. Now, at age 38, she wants to withdraw funds from the contract to take a vacation. Carol is likely to encounter all of the following consequences in making the withdrawal EXCEPT: - answerstatutory minimum withholding requirements What kind of misr...

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WEBCE PRACTICE EXAM 100 Q TEST RATED 100% CORRECT