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NWM NORTH CAROLINA LIFE INSURANCE EXAM QUESTIONS WITH CORRECT ANSWERS 2025

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NWM NORTH CAROLINA LIFE INSURANCE EXAM QUESTIONS WITH CORRECT ANSWERS 2025

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North Carolina Life Insurance

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North carolina life insurance

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Institution: North carolina life insurance
Course: North carolina life insurance

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Uploaded on: February 17, 2025
Number of pages: 14
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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nwm north carolina life insurance exam questions w

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NWM NORTH CAROLINA LIFE INSURANCE EXAM
QUESTIONS WITH CORRECT ANSWERS 2025
WhenUaUreducedUpaidUupUnonforfeitureUoptionUisUchosen,UwhatUhappensUtoUtheUfaceUamountUofUtheUpoli
cy?U-UCORRECTUANSWERU-
ItUisUreducedUtoUtheUamountUofUwhatUtheUcashUvalueUwouldUbuyUasUaUsingleUpremium

WhichUofUtheUfollowingUareUnotUfundableUbyUannuities?U-UCORRECTUANSWERU-deathUbenefits

StatingUthatUanUinsurer'sUpoliciesUareUguaranteedUbyUtheUexistenceUofUtheULifeUandUHealthUGuarantyUAsso
ciationUisU-UCORRECTUANSWERU-AnUunfairUtradeUpractice

groupUlifeUinsuranceUisUaUsingleUpolicyUwrittenUtoUprovideUcoverageUtoUmembersUofUaUgroup.UWhichUofUth
eUfollowingUstatementsUconcerningUgroupUlifeUisUcorrect?U-UCORRECTUANSWERU-
100%UparticipationUofUmembersUisUrequiredUinUnoncontributoryUplans

InUmodifiedUlifeUpolicies,UwhatUhappensUtoUtheUpremium?U-UCORRECTUANSWERU-
ItUisUlevelUatUtheUbeginningUbutUincreasesUafterUtheUfirstUfewUyears

allUotherUfactorsUbeingUequal,UwhatUwouldUtheUpremiumUbeUlikeUinUaUsurvivorshipUlifeUpolicyUasUcompared
UtoUtheUpremiumUinUaUjointUlifeUpolicy?U-UCORRECTUANSWERU-Lower

TheUtypeUofUinsuranceUsoldUtoUaUdebtorUandUdesignedUtoUpayUtheUamountUdueUonUaUloanUifUtheUdebtorUdi
esUbeforeUtheUloanUisUrepaidUisUcalledU-UCORRECTUANSWERU-creditUlife

whichUofUtheUfollowingUstatementsUconcerningUbuyUsellUagreementsUisUtrueU-UCORRECTUANSWERU-
BuyUsellUagreementsUareUnormallyUfundedUwithUaUlifeUinsuranceUpolicy

WhichUuniversalUlifeUoptionUhasUaUgraduallyUincreasingUcashUvalueUandUaUlevelUdeathUbenefit?U-
UCORRECTUANSWERU-OptionUA

AUmanUdecidedUtoUpurchaseU$100,000UannuallyUrenewableUtermUlifeUpolicyUtoUprovideUadditionalUprotect
ionUuntilUhisUchildrenUfinishedUcollege.UHeUdiscoveredUthatUthisUpolicyU-UCORRECTUANSWERU-
requiredUaUpremiumUincreaseUeachUrenewal

, AnUinsurerUneglectsUtoUpayUaUlegitimateUclaimUthatUisUcoveredUunderUtheUtermsUofUtheUpolicy.UWhichUofUt
heUfollowingUinsuranceUprinciplesUhasUtheUinsurerUviolated?U-UCORRECTUANSWERU-consideration

anUindividualUhasUbeenUdiagnosedUwithUAlzheimer'sUdisease.UHeUisUinsuredUunderUaUlifeUinsuranceUpolicyU
withUtheUacceleratedUbenefitsUrider.UWhichUofUtheUfollowingUisUtrueUregardingUtaxationUofUtheUaccelerated
Ubenefits?U-UCORRECTUANSWERU-

AUportionUofUtheUbenefitUupUtoUaUlimitUisUtaxUfree;UtheUrestUisUtaxableUincome

InUcasesUwhereUtheUCommissionerUshallUfindUuponUsubstantialUevidenceUthatUanyUcomplaintUagainstUaUco
mpanyUisUjustified,UinUadditionUtoUanyUpenalties,UtheUcompanyUshall..U-UCORRECTUANSWERU-
alsoUbeUliableUforUtheUexpensesUofUtheUinvestigation

WhichUofUtheUfollowingUisUincorrectUconcerningUaUnoncontributoryUgroupUplan?U-UCORRECTUANSWERU-
theUemployeesUreceiveUindividualUpolicies

howUlongUisUaUfreeUlookUperiodUforUreplacementUpolicies?U-UCORRECTUANSWERU-30Udays

HowUlongUdoesUaUNorthUCarolinaUAgentUhaveUtoUnotifyUtheUDepartmentUofUinsuranceUinUtheUeventUofUaUc
hangeUinUresidenceUaddress?U-UCORRECTUANSWERU-10UbusinessUdays

WhichUofUtheUfollowingUisUcalledUaU"secondUtoUdie"Upolicy?U-UCORRECTUANSWERU-survivorshipUlife

whichUofUtheUfollowingUpoliciesUwouldUhaveUanUirsUrequiredUcorridorUorUgapUbetweenUtheUcashUvalueUand
UtheUdeathUbenefitU-UCORRECTUANSWERU-universalUlifeU-UoptionUa

VariableUlifeUinsuranceUisUbasedUonUwhatUkindUofUpremium?U-UCORRECTUANSWERU-LevelUfixed

Children'sUridersUattachedUtoUwholeUlifeUpoliciesUareUusuallyUissuedUasUwhatUtypeUofUinsurance?U-
UCORRECTUANSWERU-term

twinUbrothersUareUstartingUaUnewUbusiness.UTheyUknowUitUwillUtakeUseveralUyearsUtoUbuildUtheUbusinessUto
UtheUpointUthatUtheyUcanUpayUoffUtheUdebtUincurredUinUstartingUtheUbusiness.UWhatUtypeUofUinsuranceUwo

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NWM NORTH CAROLINA LIFE INSURANCE EXAM QUESTIONS WITH CORRECT ANSWERS 2025

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