NC Life Insurance Bundled Exams Questions and Answers | 100% Verified and Updated 2024 | Graded A | Revised Edition

NC State LIFE Insurance Exam Questions and Answers Already Graded A nsurable Interest - Answer ️️ -Something of value that, if lost, would cause you financial harm. Must exist upfront at time of application. Legitimate financial reason for buying insurance. Impersonation - Answer ️️ -Wro...

NC Life Insurance Practice Exam Questions and Answers Already Passed All of the following are included within the Insurance Commissioner's duties EXCEPT a) Conducting investigation of all domestic insurers. b) Reviewing the insurers' annual reports. c) Writing North Carolina insurance laws. ...

NC Life Insurance Study Test Questions and Answers Graded A+ The Family Plan Insurance Policy usually consists of: - Answer ️️ -whole life insurance on the family head and term insurance on other family members A Jumping Juvenile Policy: - Answer ️️ -automatically increases the face amou...

NC Life Insurance - Other Life Topics - Chapter Quiz with Verified Solutions Contracts that are prepared by one party and submitted to the other party on a "take it or leave it" basis are classified as A. Binding contracts. B. Contracts of adhesion. C. Unilateral contracts. D. Aleatory cont...

NC life and health insurance study questions with certified answers Which of the following is NOT a characteristic of universal life insurance? A Flexible death benefit B Cash account C Fixed premium D Unbundled premium - Answer ️️ -C Universal life policies allow the policy owner to incr...

NC LIFE INSURANCE QUESTIONS AND ANSWERS ALREADY PASSED Unilateral - Answer ️️ -All personal insurance contracts are referred to as _______ contracts because only one party writes the contract without imput from the other party. Alien - Answer ️️ -an insurer incorporated or organized in a...

NC Life Exam Simulation Questions and Answers Already Graded A Which of the following actions require a policyowner to provide proof of insurability in an Adjustable Life policy? - Answer ️️ -ANSWER: increase face amount 2. If the Commissioner of insurance finds that a licensed person has us...

NC Life Insurance Exam Prep Questions and Answers Already Passed An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - Answer ️️ -A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - Answer ️️ -Sharing ...

NC Life insurance state exam study guideline 2024 Term Insurance - Answer ️️ -Used for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. Term Insurance - Answer ️️ -Expire's at a certain age/Time in the future. May be rene...

Final Exam - North Carolina Life and Health with Verified Solutions Which of the following is the MOST important factor when deciding how much Disability Income coverage an applicant should purchase? - Answer ️️ - M completes an application for life insurance but does not pay the initial pre...