WFG License Practice Exam Questions and Answers with Verified
Solutions | Latest 2026 Update
Q: 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
Q: benefit prior to death?
Driving
Answer:
All of the following are classified as life activities by the ADA (Americans with
Disabilities Act) EXCEPT:
Q: A misdemeanor
Answer:
An insurer selling without a license would be guilty of which of the following?
Q: 100%
Answer:
The enrollee pays what percentage of the premium for Medicare Part B?
Q: Captive insurer
Answer:
An insurer created to cover a parent company's loss exposures and owned by the
parent company is a:
Q: Termination of a key employee
Answer:
An organization will be ineligible to hold a license for all of the following reasons
EXCEPT:
Q: 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?
,Q: Revocable beneficiary
Answer:
A beneficiary which can be changed by the insured without his or her consent is a:
Q: Insurers can offer policies that include only the core benefits
Answer:
In regards to Medicare Supplements, which of the following is true?
Q: Immunization agents
Answer:
Prescription drug plans generally cover all of the following EXCEPT
Q: 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
name KAS Insurance Corporation in its advertisements by clearly stating the
relationship between the two businesses in
any of the following ways EXCEPT:
Q: 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?
Q: 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?
Q: Nationality
Answer:
An insurer can legally use all of following factors when determining a rate
EXCEPT:
Q: Whole life
, Answer:
Which of the following is a form of ordinary life insurance?
Q: The chance of loss is unknown
Answer:
Loss retention is a risk management technique that is effective when all the
following exist EXCEPT:
Q: Interest
Answer:
In which of the following settlement options will the insurer only pay the death
benefit earnings to the beneficiary?
Q: Policies which are non-par pay large dividends
Answer:
All of the following are true in regards to dividends EXCEPT:
Q: False
Answer:
The additional premium charged to pay for the accidental death benefit rider
increases the cash value of the policy.
Q: Domestic insurer
Answer:
An insurer organized under the laws of California is a:
Q: 36 months
Answer:
COBRA allows continuation for a maximum period of how long?
Q: Preventative care
Answer:
HMOs try to contain costs by stressing:
Q: The policy owner generally selects the dividend option at the time of purchase
Answer:
All of the following statements regarding dividends are false EXCEPT:
Solutions | Latest 2026 Update
Q: 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
Q: benefit prior to death?
Driving
Answer:
All of the following are classified as life activities by the ADA (Americans with
Disabilities Act) EXCEPT:
Q: A misdemeanor
Answer:
An insurer selling without a license would be guilty of which of the following?
Q: 100%
Answer:
The enrollee pays what percentage of the premium for Medicare Part B?
Q: Captive insurer
Answer:
An insurer created to cover a parent company's loss exposures and owned by the
parent company is a:
Q: Termination of a key employee
Answer:
An organization will be ineligible to hold a license for all of the following reasons
EXCEPT:
Q: 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?
,Q: Revocable beneficiary
Answer:
A beneficiary which can be changed by the insured without his or her consent is a:
Q: Insurers can offer policies that include only the core benefits
Answer:
In regards to Medicare Supplements, which of the following is true?
Q: Immunization agents
Answer:
Prescription drug plans generally cover all of the following EXCEPT
Q: 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
name KAS Insurance Corporation in its advertisements by clearly stating the
relationship between the two businesses in
any of the following ways EXCEPT:
Q: 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?
Q: 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?
Q: Nationality
Answer:
An insurer can legally use all of following factors when determining a rate
EXCEPT:
Q: Whole life
, Answer:
Which of the following is a form of ordinary life insurance?
Q: The chance of loss is unknown
Answer:
Loss retention is a risk management technique that is effective when all the
following exist EXCEPT:
Q: Interest
Answer:
In which of the following settlement options will the insurer only pay the death
benefit earnings to the beneficiary?
Q: Policies which are non-par pay large dividends
Answer:
All of the following are true in regards to dividends EXCEPT:
Q: False
Answer:
The additional premium charged to pay for the accidental death benefit rider
increases the cash value of the policy.
Q: Domestic insurer
Answer:
An insurer organized under the laws of California is a:
Q: 36 months
Answer:
COBRA allows continuation for a maximum period of how long?
Q: Preventative care
Answer:
HMOs try to contain costs by stressing:
Q: The policy owner generally selects the dividend option at the time of purchase
Answer:
All of the following statements regarding dividends are false EXCEPT:
