Wfg l - Study guides, Class notes & Summaries
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WFG License Practice Exam Questions With 100% Correct Answers
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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 ...
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WFG License Exam (Life, Insurance, Accident) with Questions Solved 100% with Correct Answers
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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...
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WFG License 2024 UPDATED Exam Questions and CORRECT Answers
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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?
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WFG License Exam (Life, Insurance, Accident) Already Rated A+
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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!!
- Exam (elaborations) • 51 pages • 2024
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WFG LICENSE PRACTICE EXAM QUESTIONS WITH 100% CORRECT ANSWERS!!
Too much month left at the end of the money?
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WFG LICENSE PRACTICE EXAM QUESTIONS WITH 100% CORRECT ANSWERS!!
- Exam (elaborations) • 83 pages • 2024
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WFG LICENSE PRACTICE EXAM QUESTIONS WITH 100% CORRECT ANSWERS!!
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WFG Life Insurance | Questions with 100% Correct Answers | Latest Update | Verified
- Exam (elaborations) • 12 pages • 2024
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WFG Life Insurance | Questions with 
100% Correct Answers | Latest Update | 
Verified
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WFG LIFE INSURANCE TEST
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WFG LIFE INSURANCE TEST
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WFG Life Insurance | Questions with 100% Correct Answers | Latest Update | Verified
- Exam (elaborations) • 12 pages • 2023
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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...
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WFG Life Insurance | Questions with 100% Correct Answers | Latest Update | Verified
- Exam (elaborations) • 12 pages • 2023
- Available in package deal
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- $9.49
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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...
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