Webce Test EXAM QUESTIONS AND ANSWERS
GRADED A+ ASSURED SUCCESS NEW UPDATE
2025/2026 (MULTIPLE CHOICES) WITH
RATIONALES.
Save
Terms in this set (149)
Abby lives in Ohio, where she is she must show her Ohio license is in good
licensed as an insurance producer. standing
She wants to apply for a
nonresident license in Pennsylvania.
Which of the following conditions
must she satisfy?
She must move to Pennsylvania.
She must surrender her Ohio
license.
She must be sponsored by a
producer licensed in Pennsylvania.
She must show her Ohio license is
in good standing.
,An annuity settlement option with a continues annuity benefit payments for as long as
life contingency is one that: the annuitant lives, even if it surpasses the
annuitants life expectancy
pays annuity benefits for a specified
period of time whether the
annuitant lives or dies during that
period.
terminates annuity benefit
payments if the annuitant is alive
upon reaching his or her life
expectancy
continues annuity benefit payments
for as long as the annuitant lives,
even if it surpasses the annuitant's
life expectancy
requires there to be two or more
annuitants who will receive annuity
benefit payments before
annuitization is permitted
Which group health plan gives experience-rated plans
employers the most flexibility in
designing and arranging the plan's
benefits?
experience-rated plans
community-rated plans
government issue plans
participating plans
An insurer typically considers all of educational background
the following during the
underwriting process EXCEPT:
medical history
educational background
medical exams
lab tests
,Before delivering a health insurance it is prohibited by the entire contract provision
policy to a client, the producer
alters the insuring clause in a way
that he believes will benefit the
insurance company. Which of the
following statements is correct
regarding this alteration?
It is required of a diligent producer.
It is prohibited by the entire
contract provision.
It is permitted only when it is in the
insurer's best interests.
It is prohibited unless the insured
agrees to it in writing.
Terry, Bella, Raul, and Paulina each Paulina, who was injured in a car accident but is
own a whole life insurance policy. expected to return to work in a month
Which person would not be able to
accelerate the benefits under their
policy?
Terry, who has cancer and a six-
month life expectancy
Bella, who has multiple sclerosis
Raul, who became permanently
disabled following a work accident
Paulina, who was injured in a car
accident but is expected to return
to work in a month
, Horace buys a Medicare 30
supplement insurance policy but
decides not to keep it. How many Medicare has a free-look period of 30 days
days does he have to return it for a
full refund of the premium?
10
14
21
30
All of the following statements the historic purpose of annuities is to create
about annuities are generally estates over a certain period
correct, EXCEPT:
Annuities are not life insurance.
Annuities are sold by life insurance
agents and are issued by life
insurance companies.
The historic purpose of annuities is
to create estates over a certain
period.
An annuity converts a sum of
money into a series of income
payments.
If a retired worker's total combined 85%
income, including one-half of his or
her Social Security benefit, exceeds
a threshold amount, then up to
what percentage of benefits
exceeding the threshold are
taxable?
0 percent
50 percent
85 percent
100 percent
GRADED A+ ASSURED SUCCESS NEW UPDATE
2025/2026 (MULTIPLE CHOICES) WITH
RATIONALES.
Save
Terms in this set (149)
Abby lives in Ohio, where she is she must show her Ohio license is in good
licensed as an insurance producer. standing
She wants to apply for a
nonresident license in Pennsylvania.
Which of the following conditions
must she satisfy?
She must move to Pennsylvania.
She must surrender her Ohio
license.
She must be sponsored by a
producer licensed in Pennsylvania.
She must show her Ohio license is
in good standing.
,An annuity settlement option with a continues annuity benefit payments for as long as
life contingency is one that: the annuitant lives, even if it surpasses the
annuitants life expectancy
pays annuity benefits for a specified
period of time whether the
annuitant lives or dies during that
period.
terminates annuity benefit
payments if the annuitant is alive
upon reaching his or her life
expectancy
continues annuity benefit payments
for as long as the annuitant lives,
even if it surpasses the annuitant's
life expectancy
requires there to be two or more
annuitants who will receive annuity
benefit payments before
annuitization is permitted
Which group health plan gives experience-rated plans
employers the most flexibility in
designing and arranging the plan's
benefits?
experience-rated plans
community-rated plans
government issue plans
participating plans
An insurer typically considers all of educational background
the following during the
underwriting process EXCEPT:
medical history
educational background
medical exams
lab tests
,Before delivering a health insurance it is prohibited by the entire contract provision
policy to a client, the producer
alters the insuring clause in a way
that he believes will benefit the
insurance company. Which of the
following statements is correct
regarding this alteration?
It is required of a diligent producer.
It is prohibited by the entire
contract provision.
It is permitted only when it is in the
insurer's best interests.
It is prohibited unless the insured
agrees to it in writing.
Terry, Bella, Raul, and Paulina each Paulina, who was injured in a car accident but is
own a whole life insurance policy. expected to return to work in a month
Which person would not be able to
accelerate the benefits under their
policy?
Terry, who has cancer and a six-
month life expectancy
Bella, who has multiple sclerosis
Raul, who became permanently
disabled following a work accident
Paulina, who was injured in a car
accident but is expected to return
to work in a month
, Horace buys a Medicare 30
supplement insurance policy but
decides not to keep it. How many Medicare has a free-look period of 30 days
days does he have to return it for a
full refund of the premium?
10
14
21
30
All of the following statements the historic purpose of annuities is to create
about annuities are generally estates over a certain period
correct, EXCEPT:
Annuities are not life insurance.
Annuities are sold by life insurance
agents and are issued by life
insurance companies.
The historic purpose of annuities is
to create estates over a certain
period.
An annuity converts a sum of
money into a series of income
payments.
If a retired worker's total combined 85%
income, including one-half of his or
her Social Security benefit, exceeds
a threshold amount, then up to
what percentage of benefits
exceeding the threshold are
taxable?
0 percent
50 percent
85 percent
100 percent
