Wfg life insurance - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Wfg life insurance? On this page you'll find 66 study documents about Wfg life insurance.
Page 4 out of 66 results
Sort by
-
WFG Questions with 100% Correct Answers
- Exam (elaborations) • 12 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
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...
-
WFG Final Exam - Questions, Answers and Rationales (Complete Solutions)
- Exam (elaborations) • 86 pages • 2024
-
- $35.49
- + learn more
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 Life Insurance | Questions with 100% Correct Answers | Latest Update | Verified
- Exam (elaborations) • 12 pages • 2023
-
- $8.99
- + 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...
-
WFG Questions with 100% Correct Answers
- Exam (elaborations) • 12 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
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...
-
WFG Final Exam | 370 Questions with 100% Correct Answers | Latest Update | Verified
- Exam (elaborations) • 135 pages • 2023
- Available in package deal
-
- $9.49
- + learn more
WFG Final Exam | 370 Questions with 100% Correct Answers | Latest Update | Verified 
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". 
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 ...
Want to regain your expenses?
-
WFG License Exam (Life, Insurance, Accident) Questions With 100% Correct Answers
- Exam (elaborations) • 13 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
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 Exam Questions & Answers | 280 Questions with 100% Correct Answers | Latest Update | Verified
- Exam (elaborations) • 27 pages • 2023
- Available in package deal
-
- $9.49
- + learn more
WFG Exam Questions & Answers | 280 Questions with 100% Correct Answers | Latest Update | Verified 
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 comm...
-
WFG Final Exam | 370 Questions with 100% Correct Answers | Latest Update | Verified
- Exam (elaborations) • 135 pages • 2023
-
- $14.49
- + learn more
WFG Final Exam | 370 Questions with 
100% Correct Answers | Latest Update | 
Verified 
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". 
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 fra...
-
WFG License Exam (Life, Insurance, Accident) Questions and Answers 100% Pass
- Exam (elaborations) • 18 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
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) with Questions Solved 100% with Correct Answers
- Exam (elaborations) • 16 pages • 2024
- Available in package deal
-
- $12.74
- + learn more
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...
How much did you already spend on Stuvia? Imagine there are plenty more of you out there paying for study notes, but this time YOU are the seller. Ka-ching! Discover all about earning on Stuvia