WFG EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS.

Speculative Risk - Answer-A risk in which there is a chance of either loss or gain. Never insurable Insurance - Answer-A contract whereby one undertakes to indemnify another against loss, damage, or liability arising from a contingent or unknown event. hazard - AnswerAccelerated benefits - Answer...

A policy shall specify all of the following except - Answer-The financial rating of the insurer The chance of loss without any possibility for gain is known as - Answer-Pure risk The entire contract provision on a life insurance policy states - Answer-The entire contract includes the policy and t...

Which of the following would be considered a nonmedical insurance application? a) An application that does not ask any questions about the applicant's medical history b) An application submitted with the Agent's Report c) Any application for life insurance d) An application on which the medica...

If the insured has a terminal illness, which provision would allow him or her to access a portion of the policy death benefit prior to death? - Answer-Accelerated benefits All of the following are classified as life activities by the ADA (Americans with Disabilities Act) EXCEPT: - Answer-Driving...

If an agent fails to obtain an applicant's signature on the application, the agent must - Answer-Return the application to the applicant for a signature Why should the producer deliver the policy when the first premium has already been paid? - Answer-To help the insured understand all aspects of...

John owns an insurance policy that gives him the right to share in the insurer's surplus. What kind of policy is this? -Non-participating -Contributory -Participating -Surplus - Answer-"Participating". Participating policies give the policyowner the right to share in the insurer's surplus...

Which of the following is true in regard to health insurance issued on a group basis? a. All eligible members must be covered under a "non-contributory" group health plan b. All eligible members must be covered under a "contributory" group health plan c. No less than 50% of the eligible emplo...