WEBCE EXAM STUDY GUIDE
2026/2027 COMPLETE QUESTIONS
WITH VERIFIED CORRECT ANSWERS ||
100% GUARANTEED PASS
<NEWEST VERSION>
1. which of the following situations presents a situation of pure risk?
-knowing that his family is depending on him, Frank wants to insure his life
-wanting to increase his retirement savings, Saul invests his life savings in
the stock market
-Ralph takes a second mortgage on his house and uses the proceeds to
gamble
-wanting better job security, Ron cashes in his life insurance to start his own
business - ANSWER ✔ knowing that his family is depending on him, Frank
wants to insure his own life
only pure risk is insurable. Pure risk may only result in a loss, unlike
speculative risk which may result in a gain.
2. Agent Jill received a letter from the Department of insurance asking her to
submit verification of having completed the continued education
requirements for the previous licensing period. Three weeks later, the
department sent another letter. Which penalty may the Department impose if
Jill has still not responded to their request a month later? - ANSWER ✔ a
fine up to $100 per day per violation
, A producer has 30 days to respond to a written inquiry from the Department
3. Jim's policy expired due to nonpayment of premium. His agent sends him a
statement the following month without notice of the lapse. If Jim pays the
premium and later suffers a loss for which he files a claim, what will prevent
the insurer from denying the claim?
-estoppel
-utmost good faith
-reasonable expectations
-waiver - ANSWER ✔ estoppel
4. In a viatical settlement arrangement, the party who enters into the
arrangement with the policyowner is called a:
viatical settlement provider
viator
viatical settlement broker
viatical settlement purchaser - ANSWER ✔ viatical settlement provider
5. When calculating the surviving family's ongoing cash needs at the death of
the prospective customer, the agent must consider all of the following
expenses EXCEPT:
utilities
transportation expenses
family medical expenses
the insured's funeral expenses - ANSWER ✔ the insured's funeral expense is
not considered because it is not an ongoing cash need
,6. What is the Primary Goal of Long Term Care - ANSWER ✔ To maintain
functionality
7. Which of the following most precisely defines the fundamentals of self-care
and the basic tasks of life? - ANSWER ✔ Activities of daily living
8. Long Term Care occurs only in nursing facilities. - ANSWER ✔ False
9. On what basis are benefits payable under a long term care insurance policy
typically triggered? - ANSWER ✔ the inability to perform defined ADLs
10.A long-term care ombudsman represents people in a given geographical area
who live in assisted living residences or skilled nursing facilities. -
ANSWER ✔ True
11.Which level of care has as its chief characteristic assistance with ADLs? -
ANSWER ✔ Custodial
12.All of the following are examples of formal caregiving EXCEPT: -
ANSWER ✔ Daily transportation to a senior center provided by a neighbor.
13.All of the following are services commonly offered by assisted living
residences EXCEPT: - ANSWER ✔ Continuous post-operative monitoring.
14.Which of the following is not an example of home or community-based
long-term care? - ANSWER ✔ CCBSs
, 15.Medicare covers the cost of long-term custodial care in the home when it is
delivered by a Medicare-certified agency. - ANSWER ✔ False
16.Which of the following is a correct statement about Medicare? - ANSWER
✔ Medicare does not cover long-term care.
17.Which of the following only covers inpatient hospital care and hospice? -
ANSWER ✔ Medicare Part A
18.With regard to Medicare and long-term care, which of the following
statements is true? - ANSWER ✔ Medicare covers care in a skilled nursing
facility for a limited time, but only if the care follows an admitted hospital
stay and is ordered by a physician.
19.Which of the following is a correct statement about Medicare Part D
Prescription Drug coverage? - ANSWER ✔ Enrollment in Part D is
voluntary.
20.The federal government: - ANSWER ✔ Gives states flexibility in
administering their Medicaid Programs
21.How much of a community spouse's own income must be spent on care for
an institutionalized spouse who is receiving Medicaid assistance? -
ANSWER ✔ Not:
all of it
50%
2026/2027 COMPLETE QUESTIONS
WITH VERIFIED CORRECT ANSWERS ||
100% GUARANTEED PASS
<NEWEST VERSION>
1. which of the following situations presents a situation of pure risk?
-knowing that his family is depending on him, Frank wants to insure his life
-wanting to increase his retirement savings, Saul invests his life savings in
the stock market
-Ralph takes a second mortgage on his house and uses the proceeds to
gamble
-wanting better job security, Ron cashes in his life insurance to start his own
business - ANSWER ✔ knowing that his family is depending on him, Frank
wants to insure his own life
only pure risk is insurable. Pure risk may only result in a loss, unlike
speculative risk which may result in a gain.
2. Agent Jill received a letter from the Department of insurance asking her to
submit verification of having completed the continued education
requirements for the previous licensing period. Three weeks later, the
department sent another letter. Which penalty may the Department impose if
Jill has still not responded to their request a month later? - ANSWER ✔ a
fine up to $100 per day per violation
, A producer has 30 days to respond to a written inquiry from the Department
3. Jim's policy expired due to nonpayment of premium. His agent sends him a
statement the following month without notice of the lapse. If Jim pays the
premium and later suffers a loss for which he files a claim, what will prevent
the insurer from denying the claim?
-estoppel
-utmost good faith
-reasonable expectations
-waiver - ANSWER ✔ estoppel
4. In a viatical settlement arrangement, the party who enters into the
arrangement with the policyowner is called a:
viatical settlement provider
viator
viatical settlement broker
viatical settlement purchaser - ANSWER ✔ viatical settlement provider
5. When calculating the surviving family's ongoing cash needs at the death of
the prospective customer, the agent must consider all of the following
expenses EXCEPT:
utilities
transportation expenses
family medical expenses
the insured's funeral expenses - ANSWER ✔ the insured's funeral expense is
not considered because it is not an ongoing cash need
,6. What is the Primary Goal of Long Term Care - ANSWER ✔ To maintain
functionality
7. Which of the following most precisely defines the fundamentals of self-care
and the basic tasks of life? - ANSWER ✔ Activities of daily living
8. Long Term Care occurs only in nursing facilities. - ANSWER ✔ False
9. On what basis are benefits payable under a long term care insurance policy
typically triggered? - ANSWER ✔ the inability to perform defined ADLs
10.A long-term care ombudsman represents people in a given geographical area
who live in assisted living residences or skilled nursing facilities. -
ANSWER ✔ True
11.Which level of care has as its chief characteristic assistance with ADLs? -
ANSWER ✔ Custodial
12.All of the following are examples of formal caregiving EXCEPT: -
ANSWER ✔ Daily transportation to a senior center provided by a neighbor.
13.All of the following are services commonly offered by assisted living
residences EXCEPT: - ANSWER ✔ Continuous post-operative monitoring.
14.Which of the following is not an example of home or community-based
long-term care? - ANSWER ✔ CCBSs
, 15.Medicare covers the cost of long-term custodial care in the home when it is
delivered by a Medicare-certified agency. - ANSWER ✔ False
16.Which of the following is a correct statement about Medicare? - ANSWER
✔ Medicare does not cover long-term care.
17.Which of the following only covers inpatient hospital care and hospice? -
ANSWER ✔ Medicare Part A
18.With regard to Medicare and long-term care, which of the following
statements is true? - ANSWER ✔ Medicare covers care in a skilled nursing
facility for a limited time, but only if the care follows an admitted hospital
stay and is ordered by a physician.
19.Which of the following is a correct statement about Medicare Part D
Prescription Drug coverage? - ANSWER ✔ Enrollment in Part D is
voluntary.
20.The federal government: - ANSWER ✔ Gives states flexibility in
administering their Medicaid Programs
21.How much of a community spouse's own income must be spent on care for
an institutionalized spouse who is receiving Medicaid assistance? -
ANSWER ✔ Not:
all of it
50%
