NC LIFE EXAM SIMULATION ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

NC LIFE EXAM SIMULATION ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS 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 used fraudulent, coercive, or dishonest practices or has proved to be incompetent, untrustworthy, or financially irresponsible, the law allows the Commissioner to - Answer -ANSWER: suspend, revoke, or refuse to renew the agent's license 3. A Whole Life Insurance Policy endows when the: - Answer -ANSWER: Cash value equals the death benefit 4. A provision in a life insurance policy that pays the policyowner an amount that does not surpass the guaranteed cash value is called the: - Answer -ANSWER: Policy Loan provisionNeed assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: 5. The Life and Health Insurance Guaranty Association becomes involved in an insurance company's affairs when the company - Answer -ANSWER: becomes insolvent 6. If a contract of adhesion contains complicated language, to whom would the interpretation be in favor of? - Answer -ANSWER: Insured 7. M purchases a $70,000 Life Insurance Policy with premium payments of $550 a year for the first 5 years. At the beginning of the sixth year, the premium will increase to $800 per year but will remain level thereafter. The face amount will remain at $70,000 throughout the life of the policy. The type of policy that M has purchased is: - Answer - ANSWER: Adjustable Life 8. Which parts of a life insurance poli