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WFG License Practice Questions and answers 2023

WFG LIFE INSURANSE QUESTIONS AND ANSWERS

WFG Exam Questions & Answers | 280 Questions with 100% Correct Answers | Latest Update | Verified

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 the contract. Most agents try to collect the initial premium for submission with the application. When an agent collects the initial from the applicant, the agent should issue the applicant a - Ans...

WFG Final Exam Questions With 100% Correct Answers 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. Which of the following is NOT a benefit of insurance? -Reduces the uncertainty of loss exposures -Losses due to fraud are eliminated -Makes a ...

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

WFG Certification Test | 330 Questions with 100% Correct Answers | Latest Update | Verified 1. An insurer enters into a contract with a third party to insure itself against losses from insurance policies it issues. What is this agreement called? - Reinsurance An insurer owned by its policyholders is called a - Mutual insurer AAA insurance company has transferred a portion of it's loss exposure to BBB insurance company. In this reinsurance transaction, what is AAA insurance called - Primary i...

WFG LICENSE EXAM (LIFE, INSURANCE, ACCIDENT)

d. Eight hours prior to renewal for licenses issued prior to January 1, 19 - answera. All licensees are required to pass a LTC knowledge exam every 10 years Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), which of the following is a qualifying event? a. Promotion b. Divorce c. Marriage d. Relocation - answerb. Divorce Unless it is merely a statement of an expectation or a belief, a representation as to the future is considered which of the following? a. Promise b. Pr...

WFG LIFE INSURANCE QUESTIONS AND ANSWERS