WebCe
Liberty University
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Examen
WEBCE PRACTICE EXAM 100 Q 2023 QUESTIONS WITH COMPLETE ANSWERS GRADED A+
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---14marzo 20242023/2024A+
- In general, what is the earliest age at which a person can take a distribution from a 
qualified plan without a tax penalty? - CORRECT ANS 59 1/2 
Carol was 35 when she bought her deferred annuity. Now, at age 38, she wants to 
withdraw funds from the contract to take a vacation. Carol is likely to encounter all of 
the following consequences in making the withdrawal EXCEPT: - CORRECT ANS 
statutory minimum withholding requirements 
What kind of misrepresentation on an insurance application give...
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claytondoc
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Examen
WEBCE PROPERTY & CASUALTY PREP EXAM 2023 QUESTIONS WITH COMPLETE ANSWERS GRADED A+
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---4marzo 20242023/2024A+
- Risk - CORRECT ANS Chance of loss 
5 Risk or Loss Factors - CORRECT ANS 1. Risk 2. Loss 3. Exposure 4. Peril 5. 
Hazard 
Insurance allows: - CORRECT ANS Individual or group to transfer over to 
insurance company the risk of financial loss from a destructive event 
Fundamental purpose of insurance is: - CORRECT ANS To indemnify 
policyholder against covered losses or restore policyholder back to same financial 
position they were in before 
Insurance companies may used term risks to refer to insu...
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claytondoc
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Examen
WEBCE TEST QUESTIONS WITH COMPLETE ANSWERS GRADED A+
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---36marzo 20242023/2024A+
- which of the following situations presents a situation of pure risk? 
-knowing that his family is depending on him, Frank wants to insure his life 
-wanting to increase his retirement savings, Saul invests his life savings in the stock 
market 
-Ralph takes a second mortgage on his house and uses the proceeds to gamble 
-wanting better job security, Ron cashes in his life insurance to start his own 
business - CORRECT ANS knowing that his family is depending on him, Frank 
wants to insure his ow...
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claytondoc
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Examen
WEBCE ACTUAL QUESTIONS AND CORRECT ANSWERS 2023.
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---24junio 20232022/2023A+
- 1. which of the following situations presents a situation of pure risk? 
-knowing that his family is depending on him, Frank wants to insure his life 
-wanting to increase his retirement savings, Saul invests his life savings in 
the stock market 
-Ralph takes a second mortgage on his house and uses the proceeds to 
gamble 
-wanting better job security, Ron cashes in his life insurance to start his own 
business: knowing that his family is depending on him, Frank wants to insure his 
own life 
o...
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$10.99 Más información
wlucy2851
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Examen
webce ACTUAL QUESTIONS AND ANSWERS 2023
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---23abril 20232022/2023A+
- webce ACTUAL QUESTIONS AND ANSWERS 2023webce ACTUAL QUESTIONS AND ANSWERS 2023 
1. which of the following situations presents a situation of pure risk? 
-knowing that his family is depending on him, Frank wants to insure his life 
-wanting to increase his retirement savings, Saul invests his life savings in 
the stock market 
-Ralph takes a second mortgage on his house and uses the proceeds to 
gamble 
-wanting better job security, Ron cashes in his life insurance to start his own 
business: kno...
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$10.99 Más información
lectdenis
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Examen
WEBCE quiz questions with complete solutions
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---5febrero 20232022/2023A+
- Risk CORRECT ANSWERS: chance of loss 
 
Loss CORRECT ANSWERS: an unplanned reduction in economic value 
 
What risk is insurable? CORRECT ANSWERS: pure risk 
 
What are the two types of risk? CORRECT ANSWERS: pure risk and speculative risk 
 
Involves the possibility of a loss? CORRECT ANSWERS: pure risk 
 
Can result in either loss or gain? CORRECT ANSWERS: speculative risk 
 
Loss CORRECT ANSWERS: an unplanned reduction in economic value 
 
Direct loss CORRECT ANSWERS: immediate result...
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Classroom
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Examen
WebCE Property & Casualty Prep Exam questions with complete solutions
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---3febrero 20232022/2023A+
- Risk CORRECT ANSWERS: Chance of loss 
 
5 Risk or Loss Factors CORRECT ANSWERS: 1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard 
 
Insurance allows: CORRECT ANSWERS: Individual or group to transfer over to insurance company the risk of financial loss from a destructive event 
 
Fundamental purpose of insurance is: CORRECT ANSWERS: To indemnify policyholder against covered losses or restore policyholder back to same financial position they were in before 
 
Insurance companies may used term ri...
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Classroom
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Examen
Life and Health Insurance Exam Webce| 180 questions| with complete solutions
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---12febrero 20232022/2023A+
- Risk CORRECT ANSWERS: Chance of loss 
 
Loss CORRECT ANSWERS: Unplanned reduction of economic value 
 
Peril CORRECT ANSWERS: cause of loss 
 
Hazard CORRECT ANSWERS: a condition that increases the chance of peril 
 
Risk Transfer CORRECT ANSWERS: buying insurance to shift the risk to insurance company 
 
Underwriting CORRECT ANSWERS: assessing applicant to determine insurability 
 
Adverse Selection CORRECT ANSWERS: people with greater risk of loss trying to buy insurance 
 
Mutual Compa...
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Classroom
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Examen
Annuity – WebCE (WebCE GA Annuity) questions with complete solutions
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---4febrero 20232022/2023A+
- Annuitization is CORRECT ANSWERS: Accumulated values are converted into a stream of periodic income payments. 
 
How often can payments of annuities be paid out? CORRECT ANSWERS: A 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? CORRECT ANSWERS: When a consumer priorities and needs typically shift from asset accumulation to income distrib...
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Classroom
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Examen
WebCE Flash questions and answers verified
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---6febrero 20232022/2023A+
- Indirect Loss CORRECT ANSWERS: A secondary loss that follows from a direct loss to insured property from a covered peril. 
Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. 
 
Exclusive Agency System CORRECT ANSWERS: An insurance distribution system in which producers (agents) represent a single company. 
Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that r...
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Classroom