Webce Insurance Test Questions
2025/2026 Exam All Answers and
Illustrations Given
Agent Thompson received a letter from the Department of Insurance asking
her to provide proof of completing the continuing education requirements.
Within how many days must Agent Thompson respond to the Department's
inquiry?
20
30
10
,45 - 🧠 ANSWER ✔✔10 days
Abby lives in Ohio, where she is licensed as an insurance producer. She
wants to apply for a nonresident license in Pennsylvania. Which of the
following conditions must she satisfy?
She must move to Pennsylvania.
She must surrender her Ohio license.
She must be sponsored by a producer licensed in Pennsylvania.
She must show her Ohio license is in good standing. - 🧠 ANSWER ✔✔She
must show her Ohio license is in good standing
The requirement that an insurable interest must exist when life insurance is
purchased is intended to prevent people from doing which of the following?
using life insurance to fund future cash needs
using life insurance as a speculative investment on another person's
life
overusing life insurance
,designating an ineligible person as the policy beneficiary - 🧠 ANSWER
✔✔using life insurance as a speculative interest on another person's life
Which one of the following best describes a policy that has a relatively low
face amount and has premiums that are paid to an insurance agent who
generally calls on the policyowner at home to collect them?
group life insurance
industrial life insurance
ordinary term insurance
ordinary whole life insurance - 🧠 ANSWER ✔✔industrial life insurance
Sylvia's insurer guarantees a fixed death benefit for the policy she owns.
Based on this, which one of the following benefits is also most likely
guaranteed with this policy?
the policy's cash value
her ability to borrow an interest-free loan from the cash value
policy dividends
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, payment of premiums on Sylvia's behalf in the event of emergencies - 🧠
ANSWER ✔✔the policy's cash value
Carl is a policyowner who prefers to pay premiums monthly rather than
annually. How will Carl's insurance company adjust his premium to
accommodate this request?
The insurer divides the annual premium by 12 and then adds a modest
charge.
The insurer simply divides the annual premium by 12.
The insurer divides the annual premium by 12 and then reduces the
premium amount to reflect the fact that premiums will be paid throughout
the year.
The insurer divides the annual premium by 12 and then adds a modest
charge in the first policy year after which premiums equal the annual
premium divided by 12. - 🧠 ANSWER ✔✔The insurer divides the annual
premium by 12 and then adds a modest charge
All of the following statements about key person life insurance are correct,
EXCEPT:
2025/2026 Exam All Answers and
Illustrations Given
Agent Thompson received a letter from the Department of Insurance asking
her to provide proof of completing the continuing education requirements.
Within how many days must Agent Thompson respond to the Department's
inquiry?
20
30
10
,45 - 🧠 ANSWER ✔✔10 days
Abby lives in Ohio, where she is licensed as an insurance producer. She
wants to apply for a nonresident license in Pennsylvania. Which of the
following conditions must she satisfy?
She must move to Pennsylvania.
She must surrender her Ohio license.
She must be sponsored by a producer licensed in Pennsylvania.
She must show her Ohio license is in good standing. - 🧠 ANSWER ✔✔She
must show her Ohio license is in good standing
The requirement that an insurable interest must exist when life insurance is
purchased is intended to prevent people from doing which of the following?
using life insurance to fund future cash needs
using life insurance as a speculative investment on another person's
life
overusing life insurance
,designating an ineligible person as the policy beneficiary - 🧠 ANSWER
✔✔using life insurance as a speculative interest on another person's life
Which one of the following best describes a policy that has a relatively low
face amount and has premiums that are paid to an insurance agent who
generally calls on the policyowner at home to collect them?
group life insurance
industrial life insurance
ordinary term insurance
ordinary whole life insurance - 🧠 ANSWER ✔✔industrial life insurance
Sylvia's insurer guarantees a fixed death benefit for the policy she owns.
Based on this, which one of the following benefits is also most likely
guaranteed with this policy?
the policy's cash value
her ability to borrow an interest-free loan from the cash value
policy dividends
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, payment of premiums on Sylvia's behalf in the event of emergencies - 🧠
ANSWER ✔✔the policy's cash value
Carl is a policyowner who prefers to pay premiums monthly rather than
annually. How will Carl's insurance company adjust his premium to
accommodate this request?
The insurer divides the annual premium by 12 and then adds a modest
charge.
The insurer simply divides the annual premium by 12.
The insurer divides the annual premium by 12 and then reduces the
premium amount to reflect the fact that premiums will be paid throughout
the year.
The insurer divides the annual premium by 12 and then adds a modest
charge in the first policy year after which premiums equal the annual
premium divided by 12. - 🧠 ANSWER ✔✔The insurer divides the annual
premium by 12 and then adds a modest charge
All of the following statements about key person life insurance are correct,
EXCEPT:
