Wfg a - Study guides, Class notes & Summaries

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 Exam Questions & Answers | 280 Questions with 100% Correct Answers | Latest Update | Verified What is meant by referring to an insurance policy as a unilateral 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 time Any situation that presents that possibility of a loss is known as - a loss exposure Which of the following information is not required to be comm...

John owns an insurance policy that gives him the right to share in the insurer's surplus. What kind of policy is this? -Non-participating -Contributory -Participating -Surplus - "Participating". Participating policies give the policyowner the right to share in the insurer's surplus. Which of the following is NOT a benefit of insurance? -Reduces the uncertainty of loss exposures -Losses due to fraud are eliminated -Makes a loss whole again -Source of investment funds - "Losses du...

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 ...

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 FINAL EXAM COMPILED QUESTIONS WITH ACTUAL SOLUTIONS 100% CORRECT!!

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

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