Wfg license 2 - Study guides, Class notes & Summaries

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 Exam Questions With 100% Correct Answers If an agent fails to obtain an applicant's signature on the application, the agent must - answerReturn the application to the applicant for a signature Why should the producer deliver the policy when the first premium has already been paid? - answerTo 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 initial from the applicant,...

WFG Exam Questions With 100% Correct Answers If an agent fails to obtain an applicant's signature on the application, the agent must - answerReturn the application to the applicant for a signature Why should the producer deliver the policy when the first premium has already been paid? - answerTo 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 initial from the applicant,...

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? Captive insurer - An insurer crea...

WFG EXAM Questions With 100% Correct Answers Which of the following is true in regard to health insurance issued on a group basis? a. All eligible members must be covered under a "non-contributory" group health plan b. All eligible members must be covered under a "contributory" group health plan c. No less than 50% of the eligible employees must elect to participate in the plan if it is considered a "contributory" plan d. No less than 75% of the eligible employees must elect to part...