NM Life Insurance Exam Questions with Correct Answers 2026/2027

NM Life Insurance Exam Questions with Correct Answers 2026/2027 Which of the following is a true statement? Select one: a. If an applicant needs to makes changes in their application, the agent should create a new form. b. After the applicant's signature, no changes can be made to that particular application. c. Any changes in the application must be signed by both the applicant and the agent. d. Any changes in the application must be initialed by the applicant. - Correct Answer d When completing the application, a producer should do all the following, EXCEPT: Select one: a. Make sure the applicant has completely filled out the application. b. Determine whether or not the applicant understands questions asked on the application c. Obtain the spouse's signature on the application, if the applicant is married d. Write and sign an honest opinion of the applicant and their integrity in the section for the Agent's Statement. - Correct Answer c Jeanine submits an application with initial premium for a $100,000 life insurance policy. She is issued a conditional receipt and is not required to take a medical exam. If Jeanine dies in a plane crash a week later, what will the insurer do? Select one: a. Pay $100,000 to Jeanine's beneficiary if Jeanine's policy would have been issued as applied for b. Pay $50,000 to Jeanine's beneficiary since Jeanine's death resulted from an accident c. Refund the initial premium to Jeanine's named beneficiary d. Void the policy, refund the initial premium and deny payment of the claim because the insurer did not approve Jeanine's coverage - Correct Answer a