North Carolina Life and Health Bundled Exams with complete solutions

NC Life Exam Questions with Verified and Updated Answers 10. Which of these types of policies may NOT have the Automatic Premium Loan provision attached to it? - Answer ANSWER: Decreasing Term 100. Equity indexed annuities are invested in which of the following: - Answer ANSWER: S&P 500 ...

NC Life Exam Questions with Verified Solutions A distribution from an employer-sponsored retirement or from an IRA is eligible for a tax-free rollover if is reinvested in an IRA within - Answer 60 days A licensee decides to terminate his residency in this state. Which of the following would ...

NC Life Insurance Exam Prep Questions with Verified Solutions A 15-year mortgage is best protected by what kind of life policy? - Answer 15-year decreasing term A 42 year old executive wants to purchase life insurance that will allow for increases or decreases to coverage as his/her needs ...

NC Life Insurance Exam Questions with 100% Correct Answers Which of the following is an eligibility requirement for all social security disability income benefits - Answer Have attained fully insured status A corporation is the owner and beneficiary of the key person life policy. If the c...

NC Life Insurance Practice Exam Questions with 100% Current Answers A college student will graduate next year. His studies have limited his ability to work, so he has borrowed funds to pay for his education. He would like to start a permanent life insurance program that would cover his debt ...

NC Life Insurance State Exam 2024/2025 Questions & Answers with Complete Solution A contractual agreement under which the owner of a life insurance policy sells the policy to another person in exchange for a bargained-for payment, generally less than the expected benefit - Answer Viatical ...

NC LIFE Insurance State Exam Questions with Verified Solution ABSOLUTE ASSIGNMENT - Answer involves transferring all rights of ownership to another person or entity. This is a permanent and total transfer of all the policy rights. The new policy owner does not need to have an insurable inter...

NC Life Insurance State Exam Study Guide Questions With Correct Answers 100% Verified 401k - Answer To provide employee for retirement plans. As means of distributing company stock to employees. Is an arrangement that allows an employee to choose between taking compensation in cash or defe...

NC Life Insurance Study Guide Questions with Correct Answers 100% Verified $1,120 - Answer Each Social Security credit equals _______ annual FICA taxed earnings in 2011. $2,000 - Answer Bob's life insurance policy cash value is $10,000 and he has paid $8,000 in premiums. He now wants to...

North Carolina Life and Health Final Exam Questions with Verified and Updated Answers A Disability Income policy owner suffers a disability which was due to the same cause as a previous disability. Both disabilities occurred within a five-month period. The insurer may cover the second disa...

North Carolina Life and Health State Exam Questions with Verified Solutions A 42-year-old executive wants to purchase life insurance that will allow for increases or decreases to coverage as his/her needs change. Which of the following policies will best meet this need? - Answer - Universal ...