Wfg life insurance test - Study guides, Class notes & Summaries

WFG LIFE INSURANCE TEST

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...

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...

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...

What is meant by referring to an insurance policy as a uliteral 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 times Any situation that presents the possibility of a loss is known as... - A loss exposure Which of the following information is not required to be communicated with a life insurance contract? - Personal judgment Directed ration of insurance utilize...

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...

WFG EXAM LICENSING EXAM TEST QUESTIONS & ANSWERS SOLVED 100% CORRECT!!

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 Test 2 #51-100. Questions and answers, VERIFIED/ After a policy has lapsed, which provision allows the insured to continue coverage? - - Reinstatement provision Which of these is an element of a Variable life policy? - -Fixed level premium A life insurance policy where the insured can choose where the cash value can be invested is called? - -Whole Life How does a Typical Variable Life Policy investment account grow? - -through mutual funds, stocks, bonds In a modified endowment co...