Webce 2024 Study guides, Class notes & Summaries

Annuity – WebCE Exam 2024 Questions with Verified Answers Annuitization is - answerAccumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? - answerA specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and needs shifted) that annuities are well suited for late-life retirement planning? - answerWhen a consumer priorities and needs typically shift from asset...

WEBCE INSURANCE EXAM 2024 WITH 300 REAL EXAM QUESTIONS AND CORRECT ANSWERS (100% CORRECT ANSWERS GRADED A) / WEBCE 2024 LATEST EXAM Cal bought a $100,000 universal life policy ten years ago. He has paid $8,000 in premiums into the policy. He now decides to surrender the policy for its full $15,000 cash value and must pay taxes on $7,000 of that cash value. Which one of the following most correctly describes the type of tax that is applicable in this case? estate tax capital gains t...

WebCE Exam Questions And Answers - Latest Update 2023/2024 Graded A+. What is a primary goal of long-term care? A) to maintain functionality B) to find a permanent cure for the affliction C) to prolong life D) to prevent the spread of disease - Answer A) to maintain functionality Long-term care is chronic care with the aim of management and control of symptoms and maintenance of function. Long-term care occurs only in nursing facilities. A) True B) False - Answer B) False Long-term car...

WebCE Exam Questions And Answers Latest Update 2023/2024 Graded A+. On what basis are benefits payable under a long-term care insurance policy typically triggered? A) the diagnosis of an acute medical condition B) the number and types of medications prescribed C) the inability to perform of medications prescribed D) all of the above - Answer C) The inability to perform defined ADLs The inability to perform defined ADLs. Benefits payable under a long-term care policy are typically based o...

Risk correct answersChance of loss Loss correct answersUnplanned reduction of economic value Peril correct answerscause of loss Hazard correct answersa condition that increases the chance of peril Risk Transfer correct answersbuying insurance to shift the risk to insurance company Underwriting correct answersassessing applicant to determine insurability Adverse Selection correct answerspeople with greater risk of loss trying to buy insurance Mutual Companies correct answerso...

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Life and Health Insurance Exam Webce 2024