Webce Annuity Study guides, Class notes & Summaries

TESTBANK FOR WEBCE 2024 UPDATE WITH 1000+, CORRECTLY ANSWERED QUESTIONS ALREADY GRADED A+ |HIGHLY PREADICTED AND 100% SUCCESS GUARANTEED| Buying life or health insurance is an example of which risk management technique? risk avoidance risk reduction risk retention risk transfer - risk transfer What is the mathematical concept of probability that helps insurers estimate the statistical likelihood of mortality or morbidity losses at any given age? law of large numbers unde...

How to Structure an Annuity Contract WebCE questions well answered graded A+ Which term refers to structured payouts that will liquidate an annuity's invested premiums and accumulated earnings over some period of time? - annuitization At Eileen's death, Winthrop received the death benefit payable under Eileen's annuity and chose to continue the contract in his name and continue to accrue tax-deferred accumulations. What was Winthrop's relation to Eileen? - He was her spou...

TESTBANK FOR WEBCE 2024 UPDATE WITH 1000+, CORRECTLY ANSWERED QUESTIONS ALREADY GRADED A+ |HIGHLY PREADICTED AND 100% SUCCESS GUARANTEED| Buying life or health insurance is an example of which risk management technique? risk avoidance risk reduction risk retention risk transfer - risk transfer What is the mathematical concept of probability that helps insurers estimate the statistical likelihood of mortality or morbidity losses at any given age? law of large numbers un...

How to Structure an Annuity Contract WebCE questions well answered graded A+ Which term refers to structured payouts that will liquidate an annuity's invested premiums and accumulated earnings over some period of time? - annuitization At Eileen's death, Winthrop received the death benefit payable under Eileen's annuity and chose to continue the contract in his name and continue to accrue tax-deferred accumulations. What was Winthrop's relation to Eileen? - He was her sp...

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 - ...