Wfg a - Study guides, Class notes & Summaries

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WFG Final Exam Questions With 100% Correct Answers
  • WFG Final Exam Questions With 100% Correct Answers

  • Exam (elaborations) • 128 pages • 2024
  • WFG Final Exam Questions With 100% Correct Answers 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 NOT a benefit of insurance? -Reduces the uncertainty of loss exposures -Losses due to fraud are eliminated -Makes a ...
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WFG Exam Study Questions And Answers (Verified And Updated)
  • WFG Exam Study Questions And Answers (Verified And Updated)

  • Exam (elaborations) • 21 pages • 2024
  • Available in package deal
  • WFG Exam Study Questions And Answers (Verified And Updated) Speculative Risk - answerA risk in which there is a chance of either loss or gain. Never insurable Insurance - answerA contract whereby one undertakes to indemnify another against loss, damage, or liability arising from a contingent or unknown event. hazard - answer Accelerated benefits - answerRiders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accide...
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WFG Life Insurance | Questions with 100% Correct Answers | Latest Update | Verified
  • WFG Life Insurance | Questions with 100% Correct Answers | Latest Update | Verified

  • Exam (elaborations) • 12 pages • 2023
  • Available in package deal
  • WFG Life Insurance | Questions with 100% Correct Answers | Latest Update | Verified 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 medical information is completed by the applicant and the agent only - d) An application on which the medical information...
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WFG Life Insurance Exam Practice Questions and Answers 100% Pass
  • WFG Life Insurance Exam Practice Questions and Answers 100% Pass

  • Exam (elaborations) • 16 pages • 2024
  • WFG Life Insurance Exam Practice Questions and Answers 100% Pass 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 medical information is completed by the applicant and the agent only - Correct Answer ️️ -d) An application on which the medical infor...
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WFG Questions with 100% Correct Answers
  • WFG Questions with 100% Correct Answers

  • Exam (elaborations) • 12 pages • 2024
  • Available in package deal
  • WFG Questions with 100% Correct Answers If an agent fails to obtain an applicant's signature on the application, the agent must - Correct 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? - Correct Answer ️️ -To help the insured understand all aspects of the contract. Most agents try to collect the initial premium for submission with the application. When an agent collects the...
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License Test (WFG) 100% Correct Solved
  • License Test (WFG) 100% Correct Solved

  • Exam (elaborations) • 2 pages • 2024
  • License Test (WFG) 100% Correct Solved A policy shall specify all of the following except - Correct Answer ️️ -The financial rating of the insurer The chance of loss without any possibility for gain is known as - Correct Answer ️️ - Pure risk The entire contract provision on a life insurance policy states - Correct Answer ️️ -The entire contract includes the policy and the application, if attached Insurable interest must exist: - Correct Answer ️️ -at the time of the appli...
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WFG CERTIFICATION EXAM | 331 QUESTIONS | WITH ACTUAL SOLUTIONS!!
  • WFG CERTIFICATION EXAM | 331 QUESTIONS | WITH ACTUAL SOLUTIONS!!

  • Exam (elaborations) • 39 pages • 2024
  • WFG CERTIFICATION EXAM | 331 QUESTIONS | WITH ACTUAL SOLUTIONS!!
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WFG Certification Test | 330 Questions with 100% Correct Answers | Latest Update | Verified
  • WFG Certification Test | 330 Questions with 100% Correct Answers | Latest Update | Verified

  • Exam (elaborations) • 31 pages • 2023
  • Available in package deal
  • WFG Certification Test | 330 Questions with 100% Correct Answers | Latest Update | Verified 1. An insurer enters into a contract with a third party to insure itself against losses from insurance policies it issues. What is this agreement called? - Reinsurance An insurer owned by its policyholders is called a - Mutual insurer AAA insurance company has transferred a portion of it's loss exposure to BBB insurance company. In this reinsurance transaction, what is AAA insurance called - Primary i...
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WFG Final Exam | 370 Questions with 100% Correct Answers | Latest Update | Verified
  • WFG Final Exam | 370 Questions with 100% Correct Answers | Latest Update | Verified

  • Exam (elaborations) • 135 pages • 2024
  • WFG Final Exam | 370 Questions with 100% Correct Answers | Latest Update | Verified
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