WFG License UPDATED Actual Exam Questions and CORRECT Answers
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Course
WFG
Institution
WFG
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 ar...
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?
100% - CORRECT ANSWER✔✔- The enrollee pays what percentage of the premium for
Medicare Part B?
Captive insurer - CORRECT ANSWER✔✔- An insurer created to cover a parent company's
loss exposures and owned by the parent company is a:
Termination of a key employee - CORRECT ANSWER✔✔- An organization will be
ineligible to hold a license for all of the following reasons EXCEPT:
Quickly sending a premium to the home office on behalf of the insured - CORRECT
ANSWER✔✔- Agents should act in a fiduciary duty on their client's behalf. Which of the
following best describes this duty?
Revocable beneficiary - CORRECT ANSWER✔✔- A beneficiary which can be changed by
the insured without his or her consent is a:
Insurers can offer policies that include only the core benefits - CORRECT ANSWER✔✔- In
regards to Medicare Supplements, which of the following is true?
,Immunization agents - CORRECT ANSWER✔✔- Prescription drug plans generally cover
all of the following EXCEPT
KAS and Associates underwriting for RWS Insurance Corporation - CORRECT
ANSWER✔✔- KAS and Associates is an agency which represents RWS Insurance
Corporation. KAS and Associates may leave the
name KAS Insurance Corporation in its advertisements by clearly stating the relationship
between the two businesses in
any of the following ways EXCEPT:
After the deductible, the insurer and insured will share the remainder of the loss on a fixed
percentage
basis - CORRECT ANSWER✔✔- A co-insurance clause in a health insurance policy
requires which of the following?
The license has been renewed and all appointments have been terminated - CORRECT
ANSWER✔✔- An agent's license is considered to be inactive in which of the following
situations?
Nationality - CORRECT ANSWER✔✔- An insurer can legally use all of following factors
when determining a rate EXCEPT:
Whole life - CORRECT ANSWER✔✔- Which of the following is a form of ordinary life
insurance?
The chance of loss is unknown - CORRECT ANSWER✔✔- Loss retention is a risk
management technique that is effective when all the following exist EXCEPT:
Interest - CORRECT ANSWER✔✔- In which of the following settlement options will the
insurer only pay the death benefit earnings to the beneficiary?
Policies which are non-par pay large dividends - CORRECT ANSWER✔✔- All of the
following are true in regards to dividends EXCEPT:
, False - CORRECT ANSWER✔✔- The additional premium charged to pay for the accidental
death benefit rider increases the cash value of the policy.
Domestic insurer - CORRECT ANSWER✔✔- An insurer organized under the laws of
California is a:
36 months - CORRECT ANSWER✔✔- COBRA allows continuation for a maximum period
of how long?
Preventative care - CORRECT ANSWER✔✔- HMOs try to contain costs by stressing:
The policy owner generally selects the dividend option at the time of purchase - CORRECT
ANSWER✔✔- All of the following statements regarding dividends are false EXCEPT:
Variable annuity - CORRECT ANSWER✔✔- An individual purchased an annuity 15 years
ago and plans on retiring in four years. In order to determine the value of
the annuity, he or she must multiply the number of accumulation units by the value of an
accumulation unit in the
separate account. What type of annuity is this?
Compassion - CORRECT ANSWER✔✔- An agent selling long-term care to a prospect owes
the prospect all of the following EXCEPT:
This is an occupational injury - CORRECT ANSWER✔✔- Pamela is injured at work and
taken to the hospital where she is provided care for several weeks. Her employer
provides her with a non-occupational group health insurance plan. This policy will not cover
Pamela's care because:
An insurance agent - CORRECT ANSWER✔✔- Under the CIC, a life agent is:
Reinsurers - CORRECT ANSWER✔✔- All of the following are private insurers EXCEPT:
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