WebCE Annuity Exam Questions with Correct Answers A+ Rated WebCE 8-Hour Annuity Training Course Questions with Correct Answers WEBCE Law and Ethics Update: Life, Health and Variable Annuities (215) Exam Questions with Answers WebCe Annuities Questions with 100% Correct Answers WebCE Annuities Exam...
[Show more]
Annuitization is Correct Answer Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? Correct Answer A specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and...
Preview 1 out of 4 pages
Add to cartAnnuitization is Correct Answer Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? Correct Answer A specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and...
For whom is joint ownership of an annuity often reserved? Correct Answer spouses At what point does the beneficiary to an annuity acquire rights in the contract? Correct Answer (Wrong) upon contract issue and throughout the life of the contract, until the death of the contract owner or annuitant ...
Preview 1 out of 3 pages
Add to cartFor whom is joint ownership of an annuity often reserved? Correct Answer spouses At what point does the beneficiary to an annuity acquire rights in the contract? Correct Answer (Wrong) upon contract issue and throughout the life of the contract, until the death of the contract owner or annuitant ...
Shirley is financially responsible for her minor children but has never owned life insurance. She wants to purchase life insurance after being diangosed with a possibly terminal disease. Which of the following characterizes her desire to purchase life insurance? a. clean sheeting b. warehousing ...
Preview 1 out of 3 pages
Add to cartShirley is financially responsible for her minor children but has never owned life insurance. She wants to purchase life insurance after being diangosed with a possibly terminal disease. Which of the following characterizes her desire to purchase life insurance? a. clean sheeting b. warehousing ...
An investor purchased a variable annuity from a financial adviser in her bank's investment services department. In the event of financial failure of the insurer, the annuity contract value is A. Protected by FDIC coverage B. Protected by SIPC coverage C. Protected by the state guaranty associa...
Preview 2 out of 10 pages
Add to cartAn investor purchased a variable annuity from a financial adviser in her bank's investment services department. In the event of financial failure of the insurer, the annuity contract value is A. Protected by FDIC coverage B. Protected by SIPC coverage C. Protected by the state guaranty associa...
Which of the following is a purpose of the annuity? A. The replacement of earnings upon the disability of an individual B. The distribution of a lifetime income C. The discounting of a principal sum back to its present value D. The creation of a fund at the earth of an individual Correct Answe...
Preview 2 out of 12 pages
Add to cartWhich of the following is a purpose of the annuity? A. The replacement of earnings upon the disability of an individual B. The distribution of a lifetime income C. The discounting of a principal sum back to its present value D. The creation of a fund at the earth of an individual Correct Answe...
Delta Insurers appointed Joe as its agent. Can Joe let his brother, Agent Shawn, use his appointment to transact insurance? Correct Answer No, Joe cannot let Shawn transact insurance by using his appointment. James is a licensed agent who lives in Florida. He moves to Georgia. By when must he not...
Preview 1 out of 3 pages
Add to cartDelta Insurers appointed Joe as its agent. Can Joe let his brother, Agent Shawn, use his appointment to transact insurance? Correct Answer No, Joe cannot let Shawn transact insurance by using his appointment. James is a licensed agent who lives in Florida. He moves to Georgia. By when must he not...
1x sold
Who bears the risk of principal loss in a variable annuity with respect to funds the owner has allocated to the separate account? Correct Answer the insurer If a consumer wants to receive monthly periodic payments from an annuity beginning in one month, what kind of annuity should he or she buy? ...
Preview 1 out of 4 pages
Add to cartWho bears the risk of principal loss in a variable annuity with respect to funds the owner has allocated to the separate account? Correct Answer the insurer If a consumer wants to receive monthly periodic payments from an annuity beginning in one month, what kind of annuity should he or she buy? ...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamsGuru. Stuvia facilitates payment to the seller.
No, you only buy these notes for $34.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
94123 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
