Wfg exam - Study guides, Class notes & Summaries

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...

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 Exam Study Questions And Answers (Verified And Updated) Speculative Risk - answerA risk in which there is a chance of either loss or gain. Never insurable Insurance - answerA contract whereby one undertakes to indemnify another against loss, damage, or liability arising from a contingent or unknown event. hazard - answer Accelerated benefits - answerRiders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accide...

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

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 participate in the plan if it is considered a "no...

Speculative Risk - A risk in which there is a chance of either loss or gain. Never insurable Insurance - A contract whereby one undertakes to indemnify another against loss, damage, or liability arising from a contingent or unknown event. hazard - Accelerated benefits - Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accident - An unplanned ned, unforeseen event which occurs suddenly and at an unspecified pl...

If an agent fails to obtain an applicant's signature on the application, the agent must - Return the application to the applicant for a signature Why should the producer deliver the policy when the first premium has already been paid? - 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 - Premium receipt

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

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