ANNUITY – WEBCE (2025) EXAM QUESTIONS
AND ALL CORRECT ANSWERS 100% SOLVED
AND GUARANTEED SUCCESS!!
1. Annuitization is
Answer Accumulated values are converted into a stream of periodic income payments.
2. How often can payments of annuities be paid out?
Answer A specified term of years, for life, or a combination of the two.
3. What is the reason (how has a consumer's priorities and needs shifted) that
annuities are well suited for late-life retirement planning?Answer When a consumer
priorities and needs typically shift from asset accumulation to income distribution
4. What is the start date range for deferred income annuities?Answer Anywhere from 13
months to 40 years in the future.
5. What is the age that Deferred Income Annuities' income start date cannot
extend past?Answer 85 years old.
6. What are Surrender Charges?
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, Answer Fees the insurer assess for early withdrawals or contract surrenders.
7. What is a Withdrawal Fee?
Answer when less than the full contract value is taken.
8. What are the two approaches for insurers to determine the surrender
charge?
What are other ways?
Answer 1) Account Value Method
2) Premium Deposit Method
3) Market Value Adjustments
4) Premium Tax
9. What is the Premium Deposit Method of determining the surrender charge?-
Answer The charge on the amount of the contract's invested premium, applying a percentage that usually declines
annually over the surrender charge period.
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AND ALL CORRECT ANSWERS 100% SOLVED
AND GUARANTEED SUCCESS!!
1. Annuitization is
Answer Accumulated values are converted into a stream of periodic income payments.
2. How often can payments of annuities be paid out?
Answer A specified term of years, for life, or a combination of the two.
3. What is the reason (how has a consumer's priorities and needs shifted) that
annuities are well suited for late-life retirement planning?Answer When a consumer
priorities and needs typically shift from asset accumulation to income distribution
4. What is the start date range for deferred income annuities?Answer Anywhere from 13
months to 40 years in the future.
5. What is the age that Deferred Income Annuities' income start date cannot
extend past?Answer 85 years old.
6. What are Surrender Charges?
1/
12
, Answer Fees the insurer assess for early withdrawals or contract surrenders.
7. What is a Withdrawal Fee?
Answer when less than the full contract value is taken.
8. What are the two approaches for insurers to determine the surrender
charge?
What are other ways?
Answer 1) Account Value Method
2) Premium Deposit Method
3) Market Value Adjustments
4) Premium Tax
9. What is the Premium Deposit Method of determining the surrender charge?-
Answer The charge on the amount of the contract's invested premium, applying a percentage that usually declines
annually over the surrender charge period.
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