Wfg a - Study guides, Class notes & Summaries
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WFG Final Exam Questions With 100% Correct Answers
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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)
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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
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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
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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
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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
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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!!
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WFG CERTIFICATION EXAM | 331 QUESTIONS | WITH ACTUAL SOLUTIONS!!
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WFG Bundled Exams Questions and Answers 100% Verified and Updated | Graded A+
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WFG Bundled Exams Questions and Answers 100% Verified and Updated | Graded A+
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WFG Certification Test | 330 Questions with 100% Correct Answers | Latest Update | Verified
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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
- Exam (elaborations) • 135 pages • 2024
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WFG Final Exam | 370 Questions with 
100% Correct Answers | Latest Update | 
Verified
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