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WFG EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS.
WFG EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS.
[Meer zien]WFG EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS.
[Meer zien]insurance - Answer-contract whereby one undertakes to idemnify [restore before loss] another against 
loss, damage, liability from contingency [unknown/ unplanned events] 
indemnify 
Give Example. - Answer-restore person to some financial position before loss has occurred 
to make someone whole 
EX:...
Voorbeeld 2 van de 15 pagina's
In winkelwageninsurance - Answer-contract whereby one undertakes to idemnify [restore before loss] another against 
loss, damage, liability from contingency [unknown/ unplanned events] 
indemnify 
Give Example. - Answer-restore person to some financial position before loss has occurred 
to make someone whole 
EX:...
Speculative Risk - Answer-A risk in which there is a chance of either loss or gain. Never insurable 
Insurance - Answer-A contract whereby one undertakes to indemnify another against loss, damage, or 
liability arising from a contingent or unknown event. 
hazard - AnswerAccelerated benefits - Answer...
Voorbeeld 3 van de 29 pagina's
In winkelwagenSpeculative Risk - Answer-A risk in which there is a chance of either loss or gain. Never insurable 
Insurance - Answer-A contract whereby one undertakes to indemnify another against loss, damage, or 
liability arising from a contingent or unknown event. 
hazard - AnswerAccelerated benefits - Answer...
A policy shall specify all of the following except - Answer-The financial rating of the insurer 
The chance of loss without any possibility for gain is known as - Answer-Pure risk 
The entire contract provision on a life insurance policy states - Answer-The entire contract includes the 
policy and t...
Voorbeeld 1 van de 2 pagina's
In winkelwagenA policy shall specify all of the following except - Answer-The financial rating of the insurer 
The chance of loss without any possibility for gain is known as - Answer-Pure risk 
The entire contract provision on a life insurance policy states - Answer-The entire contract includes the 
policy and t...
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 medica...
Voorbeeld 2 van de 12 pagina's
In winkelwagenWhich 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 medica...
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? - Answer-Accelerated benefits 
All of the following are classified as life activities by the ADA (Americans with Disabilities Act) EXCEPT: - 
Answer-Driving...
Voorbeeld 3 van de 17 pagina's
In winkelwagenIf 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? - Answer-Accelerated benefits 
All of the following are classified as life activities by the ADA (Americans with Disabilities Act) EXCEPT: - 
Answer-Driving...
If an agent fails to obtain an applicant's signature on the application, the agent must - Answer-Return the 
application to the applicant for a signature 
Why should the producer deliver the policy when the first premium has already been paid? - Answer-To 
help the insured understand all aspects of...
Voorbeeld 2 van de 10 pagina's
In winkelwagenIf an agent fails to obtain an applicant's signature on the application, the agent must - Answer-Return the 
application to the applicant for a signature 
Why should the producer deliver the policy when the first premium has already been paid? - Answer-To 
help the insured understand all aspects of...
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 - Answer-"Participating". 
Participating policies give the policyowner the right to 
share in the insurer's surplus...
Voorbeeld 4 van de 135 pagina's
In winkelwagenJohn 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 - Answer-"Participating". 
Participating policies give the policyowner the right to 
share in the insurer's surplus...
Which of the following is true in regard to health insurance issued on a group basis? 
a. All eligible members must be covered under a "non-contributory" group health plan 
b. All eligible members must be covered under a "contributory" group health plan 
c. No less than 50% of the eligible emplo...
Voorbeeld 4 van de 83 pagina's
In winkelwagenWhich of the following is true in regard to health insurance issued on a group basis? 
a. All eligible members must be covered under a "non-contributory" group health plan 
b. All eligible members must be covered under a "contributory" group health plan 
c. No less than 50% of the eligible emplo...
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