Wfg - Study guides, Class notes & Summaries

WFG LICENSE PRACTICE EXAM QUESTIONS WITH 100% CORRECT ANSWERS!!

What is meant by referring to an insurance policy as a unilateral contract? - Only one party makes a legally enforceable promise when must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - At all time Any situation that presents that possibility of a loss is known as - a loss exposure Which of the following information is not required to be communicated in a Life insurance contract? - Personal judgement the direct distribution of insura...

WFG EXAM QUESTIONS AND ANSWERS 100% PASS 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 employees must elect to participate in the plan if it is considered a "contributory" plan d. No less than 75% of the eligible employees must elect to participa...

WFG Final Exam Questions and Answers 100% Correct 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 - Correct Answer ️️ -"Participating". Participating policies give the policyowner the right to share in the insurer's surplus. Which of the following is NOT a benefit of insurance? -Reduces the uncertainty of loss exposures -Losses due to fraud are elimi...

WFG Final Exam - Questions, Answers and Rationales (Complete Solutions) 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 Participating policies give the policyowner the right to share in the insurer's surplus. Which of the following is NOT a benefit of insurance? -Reduces the uncertainty of loss exposures -Losses due to fraud are eliminated -Makes a loss whole again ...

WFG exam study Questions with 100% Correct Solutions Speculative Risk - Correct Answer ️️ -A risk in which there is a chance of either loss or gain. Never insurable Insurance - Correct Answer ️️ -A contract whereby one undertakes to indemnify another against loss, damage, or liability arising from a contingent or unknown event. hazard - Correct Answer ️️ - Accelerated benefits - Correct Answer ️️ -Riders attached to life insurance policies which allow death benefits to be ...

WFG exam study Questions with 100% Correct Solutions Speculative Risk - Correct Answer ️️ -A risk in which there is a chance of either loss or gain. Never insurable Insurance - Correct Answer ️️ -A contract whereby one undertakes to indemnify another against loss, damage, or liability arising from a contingent or unknown event. hazard - Correct Answer ️️ - Accelerated benefits - Correct Answer ️️ -Riders attached to life insurance policies which allow death benefits to be ...

WFG EXAM QUESTIONS AND ANSWERS 100% PASS 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 employees must elect to participate in the plan if it is considered a "contributory" plan d. No less than 75% of the eligible employees must elect to participa...

WFG EXAM LICENSING EXAM TEST QUESTIONS & ANSWERS SOLVED 100% CORRECT!!

WFG License Exam (Life, Insurance, Accident) Questions and Answers 100% Pass insurance - Correct Answer ️️ -contract whereby one undertakes to idemnify [restore before loss] another against loss, damage, liability from contingency [unknown/ unplanned events] indemnify Give Example. - Correct Answer ️️ -restore person to some financial position before loss has occurred to make someone whole EX: If someone passes, that lost of income is covered by life insurance (percentage of wh...