Wfg - Study guides, Class notes & Summaries

WFG EXAM QUESTIONS AND ANSWERS 100% PASS 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 employees must elect to participate in the plan if it is considered a "contributory" plan d. No less than 75% of the eligible employees must elect to participa...

WFG Final Exam Questions and Answers 100% Correct 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 - Correct 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 elimi...

WFG Final Exam - Questions, Answers and Rationales (Complete Solutions) 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 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 loss whole again ...

WFG exam study Questions with 100% Correct Solutions Speculative Risk - Correct Answer ️️ -A risk in which there is a chance of either loss or gain. Never insurable Insurance - Correct Answer ️️ -A contract whereby one undertakes to indemnify another against loss, damage, or liability arising from a contingent or unknown event. hazard - Correct Answer ️️ - Accelerated benefits - Correct Answer ️️ -Riders attached to life insurance policies which allow death benefits to be ...

WFG Final UPDATED Actual Exam Questions and 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 - CORRECT 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?

WFG Final Exam Actual Questions and Answers Test Bank Rated A+

WFG exam study Questions with 100% Correct Solutions Speculative Risk - Correct Answer ️️ -A risk in which there is a chance of either loss or gain. Never insurable Insurance - Correct Answer ️️ -A contract whereby one undertakes to indemnify another against loss, damage, or liability arising from a contingent or unknown event. hazard - Correct Answer ️️ - Accelerated benefits - Correct Answer ️️ -Riders attached to life insurance policies which allow death benefits to be ...

What is meant by referring to an insurance policy as a unilateral contract? - Only one party makes a legally enforceable promise when must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - At all time Any situation that presents that possibility of a loss is known as - a loss exposure Which of the following information is not required to be communicated in a Life insurance contract? - Personal judgement the direct distribution of insura...

WFG Certification Test | 330 Questions with 100% Correct Answers | Latest Update | Verified

WFG Final Exam | 370 Questions with 100% Correct Answers | Latest Update | Verified