Webce Annuity Study guides, Class notes & Summaries

Annuity – WebCE with Correct Solutions 2024 Annuitization is - Answer -Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? - Answer -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? - Answer -When a consumer priorities and needs typically shift from asset accumul...

extra questions for WebCE with Correct Solutions 2024 Which of the following is characteristic of Virginia's Long-Term Care Insurance Partnership program? - Answer -both I and II John's long-term care insurance partnership policy lapsed for nonpayment of premiums while he was confined in a nursing home. His coverage for that nursing home confinement would cease in all of the following circumstances EXCEPT: - Answer -immediately upon lap

Insurance regulation Questions and Correct Solutions 2024 A licensed producer may be fined for non willful and for willful violations of insurance laws with the following respective fines: - Answer -$2,500/$5,000. A licensed producer can be fined up to $2,500 for non willful violations and up to $5,000 for willful violations of insurance laws When an insurance agency published an advertising brochure, it emphasized the company's financial the company's financial stability and sound busin...

Insurance webce with Correct Solutions 2024 risk - Answer -Chance of loss Pure risk - Answer -If it's pure you can insure Speculative riak - Answer -Loss or gain peril - Answer -The cause of loss Life insurance peril - Answer -Death Health insurance peril - Answer -Illness, accidental injury, disability hazard - Answer -Increases chance of peril Risk Transfer - Answer -shifting risk to another party Underwriting - Answer -Assessing an applicant Law of Large Numbers - Answer -Mathemati...

Iowa Casualty Practice Exam with Correct Solutions 2024 An insured would be prudent to rely upon health insurance to cover injuries sustained in an auto accident because medical payments coverage under a personal auto policy. (PAP - Answer -has relatively low limits If a group of insureds are rated by class, they will - Answer -be charged the same premium rate Nelson is the president of his company and has a company car. He does not have a personal auto policy because he does not own anot...

Life and Health Insurance Exam Webce Correctly Answered 2024 Risk - Answer -Chance of loss Loss - Answer -Unplanned reduction of economic value Peril - Answer -cause of loss Hazard - Answer -a condition that increases the chance of peril Risk Transfer - Answer -buying insurance to shift the risk to insurance company Underwriting - Answer -assessing applicant to determine insurability Adverse Selection - Answer -people with greater risk of loss trying to buy insurance Mutual Companies - ...

LTC Exam Questions and Correct Solutions 2024 QuietCare® is long-term insurance offered through Northwestern Long Term Care Insurance Company (a subsidiary of The Northwestern Mutual Life Insurance Company), and the Accelerated Care Benefit is offered through The Northwestern Mutual Life Insurance Company. - Answer -True NLTC is required to offer inflation protection with benefit levels that increase 5% compounded annually. - Answer -true The NM ACB rider does not include inflation prote...

LTC SC Test Questions and Correct Solutions 2024 Long-term care occurs only in nursing facilities. - Answer -False On what basis are benefits payable under a long-term care insurance policy typically triggered? - Answer -the inability to perform defined ADLs What is a primary goal of long-term care? - Answer -to maintain functionality Which of the following most precisely defines the fundamentals of self-care and the basic tasks of everyday life? - Answer -activities of daily living Whic...

LTC Questions and Correct Solutions Latest A sign with a large "51%" is used to prohibit the carrying of a handgun: - Answer -On the premises of a business that derives 51 percent or more of its income from the sale of alcohol for on premises consumption A license holder commits an offense if he/she carries under the authority of Subchapter H, Chapter 411, Government Code, on the property of another without effective consent and received notice under Penal Code 30.06 and 30.07. - Answer ...