Practice Exam #4 WEBCE Questions and
Answers with Verified Solutions | Latest
Updated 2026
An insurer cancels a health policy Apply it to the insured's other coverage.
but then receives the insured's
premium. The insurer does not
reinstate the policy, so there is not
premium due. What must it do with
the payment?
Under the Patient Protection and Pediatric, laboratory, preventive,
Affordable Care Act (PPACA), rehabilitate
essential health benefits (EHBs) and emergency care services that are not
are best described as: subject to benefit limits.
A major medical policy with a $2,000-$5,000
stop-loss feature will typically limit
the insured's total annual out-of-
pocket payments to:
Which of the following statements Only whole life insurance builds a cash
regarding the way whole life value.
insurance differs from term life
insurance is most correct?
,Jessica, age 25, buys a $100,000 Grade premium whole life.
life insurance policy. The initial
premium is lower than straight
whole life rates and increases
each year for the first ten years of
the policy period. After that, the
premium levels off and stays at
that amount for the life of the
policy. What type of policy does
Jessica own?
Under a Texas law, an individual Accelerated benefit provision.
life insurance policy may, but is
NOT required to, contain a:
All of the following statements An insured must first be hospitalized
about life insurance policy long- before
term care riders are correct, qualifying for LTC benefit payments.
EXCEPT:
A person qualifies for Social Total disability.
Security disability benefits by
sustaining:
When can a waiver of premium Any time after the policy is issued, subject
rider be added to a life insurance to a
policy? maximum age stipulated in the policy.
, Reggie owns a whole life policy in Carl.
which his wife Mary is the primary
beneficiary. The couple has no
children in common, so the
contingent beneficiary is Carl,
Reggie's son from a previous
marriage. Mary's daughter from a
previous marriage, Sue, is not a
beneficiary. Reggie and Mary are
in a car accident in which Reggie
dies instantly and Mary survives
for three days before dying from
accident-related injuries. Under
the policy's common disaster
clause, to whom will the policy's
death benefit be paid?
Sue
Reggie's estate
Mary
Carl
David, age 69, was covered by a Cannot include a pre-existing condition
Medicare supplement policy that exclusion.
just terminated. During the past
year, he has been receiving
treatment for diabetes. If he
applies for a new Medicare
supplement policy, the insurer:
What determines whether a health Underwriting.
insurance policy will be issued
with an impairment rider?
Answers with Verified Solutions | Latest
Updated 2026
An insurer cancels a health policy Apply it to the insured's other coverage.
but then receives the insured's
premium. The insurer does not
reinstate the policy, so there is not
premium due. What must it do with
the payment?
Under the Patient Protection and Pediatric, laboratory, preventive,
Affordable Care Act (PPACA), rehabilitate
essential health benefits (EHBs) and emergency care services that are not
are best described as: subject to benefit limits.
A major medical policy with a $2,000-$5,000
stop-loss feature will typically limit
the insured's total annual out-of-
pocket payments to:
Which of the following statements Only whole life insurance builds a cash
regarding the way whole life value.
insurance differs from term life
insurance is most correct?
,Jessica, age 25, buys a $100,000 Grade premium whole life.
life insurance policy. The initial
premium is lower than straight
whole life rates and increases
each year for the first ten years of
the policy period. After that, the
premium levels off and stays at
that amount for the life of the
policy. What type of policy does
Jessica own?
Under a Texas law, an individual Accelerated benefit provision.
life insurance policy may, but is
NOT required to, contain a:
All of the following statements An insured must first be hospitalized
about life insurance policy long- before
term care riders are correct, qualifying for LTC benefit payments.
EXCEPT:
A person qualifies for Social Total disability.
Security disability benefits by
sustaining:
When can a waiver of premium Any time after the policy is issued, subject
rider be added to a life insurance to a
policy? maximum age stipulated in the policy.
, Reggie owns a whole life policy in Carl.
which his wife Mary is the primary
beneficiary. The couple has no
children in common, so the
contingent beneficiary is Carl,
Reggie's son from a previous
marriage. Mary's daughter from a
previous marriage, Sue, is not a
beneficiary. Reggie and Mary are
in a car accident in which Reggie
dies instantly and Mary survives
for three days before dying from
accident-related injuries. Under
the policy's common disaster
clause, to whom will the policy's
death benefit be paid?
Sue
Reggie's estate
Mary
Carl
David, age 69, was covered by a Cannot include a pre-existing condition
Medicare supplement policy that exclusion.
just terminated. During the past
year, he has been receiving
treatment for diabetes. If he
applies for a new Medicare
supplement policy, the insurer:
What determines whether a health Underwriting.
insurance policy will be issued
with an impairment rider?
