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NC LIFE INSURANCE PACKAGE DEAL|GUARANTEED SUCCESS
NC LIFE INSURANCE PACKAGE DEAL|GUARANTEED SUCCESS
[Show more]NC LIFE INSURANCE PACKAGE DEAL|GUARANTEED SUCCESS
[Show more]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 
C 
Universal life policies allow the policy owner to increase the amount of premium going into the policy and to later decrease it again. They ...
Preview 4 out of 45 pages
Add to cartWhich of the following is NOT a characteristic of universal life insurance? 
A Flexible death benefit 
B Cash account 
C Fixed premium 
D Unbundled premium 
C 
Universal life policies allow the policy owner to increase the amount of premium going into the policy and to later decrease it again. They ...
An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner 
A policy summary and buyer's guide 
 
 
 
All of the following actions are considered rebating EXCEPT 
Sharing commissions with other licensed and appointed agents 
 
 
 
What benefit does the Payor Clause...
Preview 3 out of 25 pages
Add to cartAn agent who sells an individual life insurance policy in NC MUST deliver to the policyowner 
A policy summary and buyer's guide 
 
 
 
All of the following actions are considered rebating EXCEPT 
Sharing commissions with other licensed and appointed agents 
 
 
 
What benefit does the Payor Clause...
A company attempting a life policy replacement must notify the existing company within... 
5 working days 
 
 
 
The commissioner must be notified within ____ 
10 days of any change of address/name 
 
 
 
Free look provision allow how many days to examine the policy? 
10 days starting withe the day ...
Preview 4 out of 31 pages
Add to cartA company attempting a life policy replacement must notify the existing company within... 
5 working days 
 
 
 
The commissioner must be notified within ____ 
10 days of any change of address/name 
 
 
 
Free look provision allow how many days to examine the policy? 
10 days starting withe the day ...
Term Insurance 
Used for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. 
 
 
 
Term Insurance 
Expire's at a certain age/Time in the future. May be renewable up to a certain age or date with out a phyical Exam. 
 
 
 
Level Term I...
Preview 3 out of 23 pages
Add to cartTerm Insurance 
Used for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. 
 
 
 
Term Insurance 
Expire's at a certain age/Time in the future. May be renewable up to a certain age or date with out a phyical Exam. 
 
 
 
Level Term I...
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. 
d) Reporting any violations of insurance laws to the Attorney General...
Preview 4 out of 51 pages
Add to cartAll 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. 
d) Reporting any violations of insurance laws to the Attorney General...
Definitions - Broker 
Means a person who, being a licensed agent, procures insurance for a party other than himself through a duly authorized agent or an insurer that is licensed to do business in this State bur for which the broker is not authorized to act as an agent. 
 
 
 
Definitions - Limited ...
Preview 2 out of 6 pages
Add to cartDefinitions - Broker 
Means a person who, being a licensed agent, procures insurance for a party other than himself through a duly authorized agent or an insurer that is licensed to do business in this State bur for which the broker is not authorized to act as an agent. 
 
 
 
Definitions - Limited ...
Which of the following is the MOST important factor when deciding how much Disability Income coverage an applicant should purchase? 
... 
 
 
 
M completes an application for life insurance but does not pay the initial premium. All of these actions must occur before M's policy goes into effect EXCE...
Preview 3 out of 17 pages
Add to cartWhich of the following is the MOST important factor when deciding how much Disability Income coverage an applicant should purchase? 
... 
 
 
 
M completes an application for life insurance but does not pay the initial premium. All of these actions must occur before M's policy goes into effect EXCE...
risk avoidance 
occurs when individuals evade risk entirely 
 
 
 
risk reduction 
occurs when chances of risk are lessened 
 
 
 
risk retention 
is being aware of the risks involved and taking precautions for financial protection. 
 
 
 
risk transference 
is the act of shifting the responsibility...
Preview 3 out of 28 pages
Add to cartrisk avoidance 
occurs when individuals evade risk entirely 
 
 
 
risk reduction 
occurs when chances of risk are lessened 
 
 
 
risk retention 
is being aware of the risks involved and taking precautions for financial protection. 
 
 
 
risk transference 
is the act of shifting the responsibility...
risk avoidance 
occurs when individuals evade risk entirely 
 
 
 
risk reduction 
occurs when chances of risk are lessened 
 
 
 
risk retention 
is being aware of the risks involved and taking precautions for financial protection. 
 
 
 
risk transference 
is the act of shifting the responsibility...
Preview 3 out of 28 pages
Add to cartrisk avoidance 
occurs when individuals evade risk entirely 
 
 
 
risk reduction 
occurs when chances of risk are lessened 
 
 
 
risk retention 
is being aware of the risks involved and taking precautions for financial protection. 
 
 
 
risk transference 
is the act of shifting the responsibility...
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