WFG License Practice Exam Questions with 100% Correct Answers
Latest Graded A+
Question:
Accelerated benefits
Answer:
If the insured has a terminal illness, which provision would allow him or her to access a portion of
the policy death
Question:
benefit prior to death? Driving
Answer:
All of the following are classified as life activities by the ADA (Americans with Disabilities Act)
EXCEPT:
Question:
A misdemeanor
Answer:
An insurer selling without a license would be guilty of which of the following?
Question:
100%
Answer:
The enrollee pays what percentage of the premium for Medicare Part B?
Question:
Captive insurer
Answer:
An insurer created to cover a parent company's loss exposures and owned by the parent company is
a:
Question:
,Termination of a key employee
Answer:
An organization will be ineligible to hold a license for all of the following reasons EXCEPT:
Question:
Quickly sending a premium to the home office on behalf of the insured
Answer:
Agents should act in a fiduciary duty on their client's behalf. Which of the following best describes
this duty?
Question:
Revocable beneficiary
Answer:
A beneficiary which can be changed by the insured without his or her consent is a:
Question:
Insurers can offer policies that include only the core benefits
Answer:
In regards to Medicare Supplements, which of the following is true?
Question:
Immunization agents
Answer:
Prescription drug plans generally cover all of the following EXCEPT
Question:
KAS and Associates underwriting for RWS Insurance Corporation
Answer:
KAS and Associates is an agency which represents RWS Insurance Corporation. KAS and
Associates may leave the
Question:
, 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
Answer:
A co-insurance clause in a health insurance policy requires which of the following?
Question:
The license has been renewed and all appointments have been terminated
Answer:
An agent's license is considered to be inactive in which of the following situations?
Question:
Nationality
Answer:
An insurer can legally use all of following factors when determining a rate EXCEPT:
Question:
Whole life
Answer:
Which of the following is a form of ordinary life insurance?
Question:
The chance of loss is unknown
Answer:
Loss retention is a risk management technique that is effective when all the following exist
EXCEPT:
Question:
Interest
Answer:
In which of the following settlement options will the insurer only pay the death benefit earnings to
the beneficiary?
Latest Graded A+
Question:
Accelerated benefits
Answer:
If the insured has a terminal illness, which provision would allow him or her to access a portion of
the policy death
Question:
benefit prior to death? Driving
Answer:
All of the following are classified as life activities by the ADA (Americans with Disabilities Act)
EXCEPT:
Question:
A misdemeanor
Answer:
An insurer selling without a license would be guilty of which of the following?
Question:
100%
Answer:
The enrollee pays what percentage of the premium for Medicare Part B?
Question:
Captive insurer
Answer:
An insurer created to cover a parent company's loss exposures and owned by the parent company is
a:
Question:
,Termination of a key employee
Answer:
An organization will be ineligible to hold a license for all of the following reasons EXCEPT:
Question:
Quickly sending a premium to the home office on behalf of the insured
Answer:
Agents should act in a fiduciary duty on their client's behalf. Which of the following best describes
this duty?
Question:
Revocable beneficiary
Answer:
A beneficiary which can be changed by the insured without his or her consent is a:
Question:
Insurers can offer policies that include only the core benefits
Answer:
In regards to Medicare Supplements, which of the following is true?
Question:
Immunization agents
Answer:
Prescription drug plans generally cover all of the following EXCEPT
Question:
KAS and Associates underwriting for RWS Insurance Corporation
Answer:
KAS and Associates is an agency which represents RWS Insurance Corporation. KAS and
Associates may leave the
Question:
, 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
Answer:
A co-insurance clause in a health insurance policy requires which of the following?
Question:
The license has been renewed and all appointments have been terminated
Answer:
An agent's license is considered to be inactive in which of the following situations?
Question:
Nationality
Answer:
An insurer can legally use all of following factors when determining a rate EXCEPT:
Question:
Whole life
Answer:
Which of the following is a form of ordinary life insurance?
Question:
The chance of loss is unknown
Answer:
Loss retention is a risk management technique that is effective when all the following exist
EXCEPT:
Question:
Interest
Answer:
In which of the following settlement options will the insurer only pay the death benefit earnings to
the beneficiary?
