WFG ethics 3-4 questions & answers
graded A+ 2025 updated
Barbara has been dealing with anxiety and depression which has been getting more severe and
is interfering with her ability to go to work. She has group benefits which include long-term
disability coverage. Which of the following is correct for Barbara's situation? - correct answer
✔✔Her insurance may pay for therapy to assist in dealing with her condition
Antoine has an accidental death and dismemberment policy which names his wife as the
designated beneficiary. He recently lost the use of a limb. Which of the following is correct in
regard to the payout of his policy? - correct answer ✔✔Antoine will receive the benefit
payment
Which of the following is true regarding the important role of the agent for the insurance claims
process? - correct answer ✔✔It is important agents ask the correct questions during the
application process in order to ensure the claim is not contestable.
Regarding the payment of insurance claims, which of the following is correct? - correct answer
✔✔Insurers may pay interest for at least some time between death and issuance of payment
Jordan and his sister Julia are both beneficiaries on their mother Carmen's life insurance policy.
Jordan and Carmen were driving together and were both killed as a result from a car accident.
Which of the following is correct in regard to the life insurance policy? - correct answer ✔✔If
Jordan was proven to have outlived Carmen his estate would receive his share of the death
benefit.
Regarding pension plan benefits, which of the following is true? - correct answer ✔✔If a
pensioner dies prior to retirement, the benefit will become payable to the spouse even if the
beneficiary is someone else.
, Brianna has a critical illness policy and was recently diagnosed with a life-threatening illness
that is covered. Which of the following is true in regard to Brianna's claim? - correct answer
✔✔Once Brianna's claim is paid her critical illness coverage ceases.
Samantha began employment with a new firm which offers a group disability insurance policy
and has some questions regarding this type of coverage. Which of the following is correct? -
correct answer ✔✔She would be covered for an inability to work due to depression and anxiety
Petula was travelling several years ago and has disappeared never to be heard from again. Her
husband has an insurance policy with Petula as the life insured. Which of the following is true in
regard to making an insurance claim on her policy. - correct answer ✔✔After seven years her
husband can petition the court to declare Petula dead and proceed with a claim.
Barney has accrued assets in his workplace pension plan and pension legislation imposes
important restrictions on the transfer of these funds. Which of the following is correct? - correct
answer ✔✔He may transfer the value to another employer's pension plan
Which of the following is a correct reason why an insurer may deny a life insurance claim? -
correct answer ✔✔Payment of a benefit going against public policy.
Hank, who had a sizeable life insurance policy, recently passed away. When processing the claim
for his insurance, the insurer discovered there were conflicting claims from beneficiaries. What
action will the insurer most likely take? - correct answer ✔✔Pay the benefit into Court.
Peter recently passed away and his agent has submitted a claim for his whole-life policy which
had been in force for over 15 years. His agent submitted a proof of death but the insurer has
requested more information in regards to the cause of death. This is most likely due to which of
the following reasons? - correct answer ✔✔The policy contained specific exclusions for certain
events
graded A+ 2025 updated
Barbara has been dealing with anxiety and depression which has been getting more severe and
is interfering with her ability to go to work. She has group benefits which include long-term
disability coverage. Which of the following is correct for Barbara's situation? - correct answer
✔✔Her insurance may pay for therapy to assist in dealing with her condition
Antoine has an accidental death and dismemberment policy which names his wife as the
designated beneficiary. He recently lost the use of a limb. Which of the following is correct in
regard to the payout of his policy? - correct answer ✔✔Antoine will receive the benefit
payment
Which of the following is true regarding the important role of the agent for the insurance claims
process? - correct answer ✔✔It is important agents ask the correct questions during the
application process in order to ensure the claim is not contestable.
Regarding the payment of insurance claims, which of the following is correct? - correct answer
✔✔Insurers may pay interest for at least some time between death and issuance of payment
Jordan and his sister Julia are both beneficiaries on their mother Carmen's life insurance policy.
Jordan and Carmen were driving together and were both killed as a result from a car accident.
Which of the following is correct in regard to the life insurance policy? - correct answer ✔✔If
Jordan was proven to have outlived Carmen his estate would receive his share of the death
benefit.
Regarding pension plan benefits, which of the following is true? - correct answer ✔✔If a
pensioner dies prior to retirement, the benefit will become payable to the spouse even if the
beneficiary is someone else.
, Brianna has a critical illness policy and was recently diagnosed with a life-threatening illness
that is covered. Which of the following is true in regard to Brianna's claim? - correct answer
✔✔Once Brianna's claim is paid her critical illness coverage ceases.
Samantha began employment with a new firm which offers a group disability insurance policy
and has some questions regarding this type of coverage. Which of the following is correct? -
correct answer ✔✔She would be covered for an inability to work due to depression and anxiety
Petula was travelling several years ago and has disappeared never to be heard from again. Her
husband has an insurance policy with Petula as the life insured. Which of the following is true in
regard to making an insurance claim on her policy. - correct answer ✔✔After seven years her
husband can petition the court to declare Petula dead and proceed with a claim.
Barney has accrued assets in his workplace pension plan and pension legislation imposes
important restrictions on the transfer of these funds. Which of the following is correct? - correct
answer ✔✔He may transfer the value to another employer's pension plan
Which of the following is a correct reason why an insurer may deny a life insurance claim? -
correct answer ✔✔Payment of a benefit going against public policy.
Hank, who had a sizeable life insurance policy, recently passed away. When processing the claim
for his insurance, the insurer discovered there were conflicting claims from beneficiaries. What
action will the insurer most likely take? - correct answer ✔✔Pay the benefit into Court.
Peter recently passed away and his agent has submitted a claim for his whole-life policy which
had been in force for over 15 years. His agent submitted a proof of death but the insurer has
requested more information in regards to the cause of death. This is most likely due to which of
the following reasons? - correct answer ✔✔The policy contained specific exclusions for certain
events
