Wfg license exam - Study guides, Class notes & Summaries

policy owner must have insurable INTEREST at time of application can NOT be FORCED or insurance will be voided representation - Correct Answer ️️ -statements made by a person on an application for life insurance that are believed to be true to the best of one's knowledge the only time it can be withdrawn is before the insurance is in effect (usually 5-8 weeks AFTER signing) NOT warranty How long does policy owner have to withdraw any representation made on application of life insura...

WFG License Exam (Life, Insurance, Accident) Already Rated A+ insurance contract whereby one undertakes to idemnify [restore before loss] another against loss, damage, liability from contingency [unknown/ unplanned events] indemnify Give Example. 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 what is covered depends on plan of insurance purchased before ...

insurance - contract whereby one undertakes to idemnify [restore before loss] another against loss, damage, liability from contingency [unknown/ unplanned events] indemnify Give Example. - 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 what is covered depends on plan of insurance purchased before incident) contingency - unknown/ unplanned events what does insur...

WFG License Practice Exam Questions With 100% Correct Answers 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? - answerAccelerated benefits All of the following are classified as life activities by the ADA (Americans with Disabilities Act) EXCEPT: - answerDriving An insurer selling without a license would be guilty of which of the following? - answerA misdemeanor The enrollee pays what percentag...

WFG License Exam (Life, Insurance, Accident) Questions With 100% Correct Answers insurance - answercontract whereby one undertakes to idemnify [restore before loss] another against loss, damage, liability from contingency [unknown/ unplanned events] indemnify Give Example. - answerrestore 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 what is covered depends on plan o...

WFG License UPDATED Actual Exam Questions and CORRECT Answers Accelerated benefits - CORRECT ANSWER- 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? Driving - CORRECT ANSWER- All of the following are classified as life activities by the ADA (Americans with Disabilities Act) EXCEPT: A misdemeanor - CORRECT ANSWER- An insurer selling without a license would be guilty of which of the following?

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...

License Test (WFG) Exam Questions And Answers (Verified And Updated) A policy shall specify all of the following except - answerThe financial rating of the insurer The chance of loss without any possibility for gain is known as - answerPure risk The entire contract provision on a life insurance policy states - answerThe entire contract includes the policy and the application, if attached Insurable interest must exist: - answerat the time of the application All of the following would be co...

WFG License Practice Exam Prep 2024/2025 With 100% Correct Answers