WEBCE Practice Exam 100 EXAM
QUESTIONS AND ANSWERS 100%
SOLVED (Newest 2025) In general, what is the earliest age at which a person can take a distribution from a qualified plan without a tax penalty? - Correct Answers ✅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 Answers ✅statutory minimum withholding requirements What kind of misrepresentation on an insurance application gives the insurer reason to terminate a policy? - Correct Answers ✅material fact Which of the following riders attached to Debra's life insurance policy provides for a monthly income to be paid if she becomes disabled? - Correct Answers ✅disability income benefit rider In calculating their life insurance premiums, which of the following statements generally guides insurance companies in determining the "loading" factor? - Correct Answers ✅Total loading from all policies should cover total operating costs, provide a safety margin, and contribute to profits or surplus. 1 / 3
WEBCE Practice Exam 100 EXAM
QUESTIONS AND ANSWERS 100%
SOLVED (Newest 2025) What is the main difference between ordinary whole life and limited payment whole life insurance? - Correct Answers ✅the length of time that the insured must pay premiums Abby lives in New Mexico, where she is licensed as an insurance agent and wants to apply for a nonresident license in Arizona. She holds a current license in good standing in New Mexico. When applying for a license in Arizona, Abby
must prove her citizenship by submitting: - Correct Answers
✅a valid driver's license Matt takes out a life insurance policy on himself to protect his family. Matt's insurance company may consider all of the
following when underwriting his policy EXCEPT: - Correct
Answers ✅his race Under which of the following do the cash values and death benefits rise and fall on the basis of the policy's subaccount investment performance, and for which the insurer does not guarantee a rate of return on the cash value invested? - Correct Answers ✅variable life To help determine how much life insurance a prospect needs, agent Smith uses the human life value approach which is
essentially based on an estimate of the prospect's: - Correct
Answers ✅net future earnings discounted to a present value 2 / 3
WEBCE Practice Exam 100 EXAM
QUESTIONS AND ANSWERS 100%
SOLVED (Newest 2025) Which one of the following statements about Multiple Employer Welfare Arrangements (MEWAs) is most correct? - Correct Answers ✅They are usually created by employers in the same industry.Which of the following best describes income payments under the period certain payout option? - Correct Answers ✅the longer the payout period, the smaller the amount of each monthly payment Delta Co. buys a group life insurance policy for its employees.As the plan sponsor, what will Delta receive? - Correct Answers ✅a policy Margie owns a fixed life insurance policy. What type of death benefit is Margie guaranteed? - Correct Answers ✅The policy guarantees a fixed amount.What is the minimum grace period required for payment on an annuity? - Correct Answers ✅30 days Which one of the following has more than "an expectancy" that he or she will receive the death benefit under a life insurance policy? - Correct Answers ✅an irrevocable beneficiary
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