WEBCE PRACTICE EXAM 100 Q ACTUAL QUESTIONS

WEBCE PRACTICE EXAM 100 Q ACTUAL QUESTIONS
& CORRECT ANSWERS

InBgeneral,BwhatBisBtheBearliestBageBatBwhichBaBpersonBcanBtakeBaBdistributionBfromBaBqualifiedBpla
nBwithoutBaBtaxBpenalty?B-BCORRECTBANSWER-59B1/2

CarolBwasB35BwhenBsheBboughtBherBdeferredBannuity.BNow,BatBageB38,BsheBwantsBtoBwithdrawBfun
dsBfromBtheBcontractBtoBtakeBaBvacation.BCarolBisBlikelyBtoBencounterBallBofBtheBfollowingBconseque
ncesBinBmakingBtheBwithdrawalBEXCEPT:B-BCORRECTBANSWER-
statutoryBminimumBwithholdingBrequirements

WhatBkindBofBmisrepresentationBonBanBinsuranceBapplicationBgivesBtheBinsurerBreasonBtoBterminat
eBaBpolicy?B-BCORRECTBANSWER-materialBfact

WhichBofBtheBfollowingBridersBattachedBtoBDebra'sBlifeBinsuranceBpolicyBprovidesBforBaBmonthlyBinc
omeBtoBbeBpaidBifBsheBbecomesBdisabled?B-BCORRECTBANSWER-disabilityBincomeBbenefitBrider

InBcalculatingBtheirBlifeBinsuranceBpremiums,BwhichBofBtheBfollowingBstatementsBgenerallyBguidesBi
nsuranceBcompaniesBinBdeterminingBtheB"loading"Bfactor?B-BCORRECTBANSWER-
TotalBloadingBfromBallBpoliciesBshouldBcoverBtotalBoperatingBcosts,BprovideBaBsafetyBmargin,BandBco
ntributeBtoBprofitsBorBsurplus.

WhatBisBtheBmainBdifferenceBbetweenBordinaryBwholeBlifeBandBlimitedBpaymentBwholeBlifeBinsuran
ce?B-BCORRECTBANSWER-theBlengthBofBtimeBthatBtheBinsuredBmustBpayBpremiums

AbbyBlivesBinBNewBMexico,BwhereBsheBisBlicensedBasBanBinsuranceBagentBandBwantsBtoBapplyBforBaB
nonresidentBlicenseBinBArizona.BSheBholdsBaBcurrentBlicenseBinBgoodBstandingBinBNewBMexico.BWh
enBapplyingBforBaBlicenseBinBArizona,BAbbyBmustBproveBherBcitizenshipBbyBsubmitting:B-
BCORRECTBANSWER-aBvalidBdriver'sBlicense



MattBtakesBoutBaBlifeBinsuranceBpolicyBonBhimselfBtoBprotectBhisBfamily.BMatt'sBinsuranceBcompanyB
mayBconsiderBallBofBtheBfollowingBwhenBunderwritingBhisBpolicyBEXCEPT:B-BCORRECTBANSWER-
hisBrace

UnderBwhichBofBtheBfollowingBdoBtheBcashBvaluesBandBdeathBbenefitsBriseBandBfallBonBtheBbasisBofBt
heBpolicy'sBsubaccountBinvestmentBperformance,BandBforBwhichBtheBinsurerBdoesBnotBguaranteeBa
BrateBofBreturnBonBtheBcashBvalueBinvested?B-BCORRECTBANSWER-variableBlife

, ToBhelpBdetermineBhowBmuchBlifeBinsuranceBaBprospectBneeds,BagentBSmithBusesBtheBhumanBlifeBv
alueBapproachBwhichBisBessentiallyBbasedBonBanBestimateBofBtheBprospect's:B-BCORRECTBANSWER-
netBfutureBearningsBdiscountedBtoBaBpresentBvalue

WhichBoneBofBtheBfollowingBstatementsBaboutBMultipleBEmployerBWelfareBArrangementsB(MEWA
s)BisBmostBcorrect?B-BCORRECTBANSWER-
TheyBareBusuallyBcreatedBbyBemployersBinBtheBsameBindustry.

WhichBofBtheBfollowingBbestBdescribesBincomeBpaymentsBunderBtheBperiodBcertainBpayoutBoption
?B-BCORRECTBANSWER-
theBlongerBtheBpayoutBperiod,BtheBsmallerBtheBamountBofBeachBmonthlyBpayment

DeltaBCo.BbuysBaBgroupBlifeBinsuranceBpolicyBforBitsBemployees.BAsBtheBplanBsponsor,BwhatBwillBDelt
aBreceive?B-BCORRECTBANSWER-aBpolicy

MargieBownsBaBfixedBlifeBinsuranceBpolicy.BWhatBtypeBofBdeathBbenefitBisBMargieBguaranteed?B-
BCORRECTBANSWER-TheBpolicyBguaranteesBaBfixedBamount.



WhatBisBtheBminimumBgraceBperiodBrequiredBforBpaymentBonBanBannuity?B-BCORRECTBANSWER-
30Bdays

WhichBoneBofBtheBfollowingBhasBmoreBthanB"anBexpectancy"BthatBheBorBsheBwillBreceiveBtheBdeathB
benefitBunderBaBlifeBinsuranceBpolicy?B-BCORRECTBANSWER-anBirrevocableBbeneficiary

AnBagentBforBABCBInsuranceBCompanyBmeetsBwithBaBclient.BTheBagentBshowsBtheBclientBABC'sBsam
pleBpolicies,BrefersBtoBtheBABCBrateBbook,BandBgivesBtheBclientBanBABCBbusinessBcard.BTheBclientBas
sumesBthatBABCBhasBappointedBtheBagentBtoBrepresentBit.BWhatBkindBofBauthorityBdoesBtheBagentB
have?B-BCORRECTBANSWER-apparentBauthority

WhichBstatementBaboutBvariableBannuityBsubaccountsBisBNOTBcorrect?B-BCORRECTBANSWER-
TheBinsurerBselectsBtheBvariableBsubaccountsBtoBwhichBtheBcontractBowner'sBpremiumsBareBalloca
ted.

StephanieBisBhiredBbyBABCBInsuranceBCompany'sBhomeBoffice.BSheBdoesBnotBhaveBanBinsuranceBpr
oducer'sBlicense.BWhichBofBtheBfollowingBdutiesBmayBsheBperformBforBABC?B-BCORRECTBANSWER-
mailBcompanyBcorrespondenceBforBtheBpresident

TheBlifeBinsuranceBnonforfeitureBoptionBthatBresultsBinBtheBpermanentBcontinuationBofBcashBvalueB
lifeBinsuranceBwithBnoBfurtherBpremiumsBisBcalledBthe:B-BCORRECTBANSWER-reducedBpaid-
upBoption

ABlifeBinsuranceBpolicyBmayBaccelerateBpaymentBofBtheBdeathBbenefitBforBanyBofBtheBfollowingBreas
onsBEXCEPT:B-BCORRECTBANSWER-partial,BtemporaryBdisability