North Carolina Life Insurance Bundled Exams Questions and Answers 100% Correct | Verified and Updated

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 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 - 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 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...

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 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 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 Insurance Licensing Exam Questions and Answers 100% Pass P is a producer who notices 5 questions on a life application were not answered. What actions should P take? - Answer ️️ -Set up a meeting with the applicant to answer the remaining questions Which of the following does Social Secu...