Wfg life insurance - Study guides, Class notes & Summaries
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WFG Life Insurance | Questions with 100% Correct Answers | Latest Update | Verified
- Exam (elaborations) • 12 pages • 2024
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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 is completed by the applicant and the agent only 
An application on which all of th...
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WFG License Exam (Life, Insurance, Accident) Questions and Answers 100% Pass
- Exam (elaborations) • 18 pages • 2024
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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...
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WFG LICENSE EXAM (LIFE, INSURANCE, ACCIDENT)
- Exam (elaborations) • 10 pages • 2024
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WFG LICENSE EXAM (LIFE, INSURANCE, ACCIDENT)
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WFG License Exam (Life, Insurance, Accident) Questions With 100% Correct Answers
- Exam (elaborations) • 13 pages • 2024
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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...
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WFG Life Insurance | Questions with 100% Correct Answers | Latest Update | Verified
- Exam (elaborations) • 0 pages • 2023
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- $10.98
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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 is completed by the applicant and the agent only 
An application on which all of th...
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WFG Final Exam Questions and Answers 100% Correct
- Exam (elaborations) • 169 pages • 2024
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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...
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WFG License Exam (Life, Insurance, Accident) Already Rated A+
- Exam (elaborations) • 15 pages • 2024
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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 ...
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WFG exam study Questions with 100% Correct Solutions
- Exam (elaborations) • 36 pages • 2024
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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 ...
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WFG Certification Exam - Questions and Answers (Complete Solutions)
- Exam (elaborations) • 27 pages • 2024
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WFG Certification Exam - Questions and Answers (Complete Solutions) 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 its loss exposure to BBB insurance company. In this reinsurance transaction, what is AAA insurance called Primary insurers Which of the following contr...
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WFG Life Insurance | Questions with 100% Correct Answers | Latest Update | Verified
- Exam (elaborations) • 12 pages • 2024
- Available in package deal
-
- $12.99
- + learn more
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 is completed by the applicant and the agent only 
An application on which all of th...
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