Wfg l - Study guides, Class notes & Summaries

gible to hold a license for all of the following reasons EXCEPT: - answerTermination of a key employee Agents should act in a fiduciary duty on their client's behalf. Which of the following best describes this duty? - answerQuickly sending a premium to the home office on behalf of the insured A beneficiary which can be changed by the insured without his or her consent is a: - answerRevocable beneficiary In regards to Medicare Supplements, which of the following is true? - answerInsurers ...

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...

Accelerated benefits - 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 - All of the following are classified as life activities by the ADA (Americans with Disabilities Act) EXCEPT: A misdemeanor - An insurer selling without a license would be guilty of which of the following? 100% - The enrollee pays what percentage of the premium for Medicare Part B?

WFG LICENSE PRACTICE EXAM QUESTIONS WITH 100% CORRECT ANSWERS!!

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 ...

WFG LICENSE PRACTICE EXAM QUESTIONS WITH 100% CORRECT ANSWERS!!

WFG Life Insurance | Questions with 100% Correct Answers | Latest Update | Verified

WFG LIFE INSURANCE TEST

WFG Life Insurance | Questions with 100% Correct Answers | Latest Update | Verified 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 informat...

WFG Life Insurance | Questions with 100% Correct Answers | Latest Update | Verified 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...