Frequency modulation varies the frequency of a sine wave carrier depending on the source signal.
The difference between the instantaneous and center frequency of the carrier is proportional to the modulating signal's instantaneous amplitude.
$\Delta f(t)={k}_{M}m(t)$
Where
$\Delta f(t)$ frequency deviation
${k}_{M}$ sensitivity of the frequency modulator $\left[\frac{V}{Hz}\right]$
$m(t)$ modulating signal
Modulating signal  Spectrum 

In this experiment a sinewave signal is frequency modulated. Modulating signal and modulator parameters determine the spectrum of the resulting FM transmission signal.
Start
Modulating signal  Spectrum 

$\xdf=\frac{\Delta {f}_{\mathrm{max}}}{{f}_{m}}=\frac{{k}_{M}\widehat{m}}{{f}_{m}}$
Where $\xdf$ modulation index ${k}_{M}$ modulation constant $\widehat{m}$ modulating signal amplitude ${f}_{m}$ modulating sinewave signal frequency 
The modulation index for the initial setting is: $\xdf=\frac{{k}_{M}\widehat{m}}{{f}_{m}}=\frac{1kHz/V\cdot 2V}{1kHz}=2$ 
The Bessel function values at the resulting modulation index determine the spectrum of the FM signal.
Experiment
Vary the modulating signal amplitude $\widehat{m}$.
The modulation index is proportional to the modulating signal amplitude. In this setting the amplitude in Volts is the modulation index:
$\xdf=\frac{{k}_{M}\widehat{m}}{{f}_{m}}=\frac{1kHz/V\cdot \widehat{m}}{1kHz}=\widehat{m}/V$
The adjusted modulating signal amplitude determines the spectral amplitudes of the carrier and sideband frequencies. For some values the carrier or specific sideband frequencies disappear. This relates to zero crossings of the respective Bessel function at the corresponding modulation index.
Modulating signal  Spectrum 

When does the carrier frequency disappear?
Modulation index $\xdf=?$ 

When does the first sideband frequency disappear?
Modulation index $\xdf=?$ 
Note
The carrier frequency is 0 Hz in this setting. It might be changed via the modulator properties.
Next steps
 When do the 2nd and 3rd sideband frequencies disappear?
 Vary the modulating sinewave signal frequency.
 Select different waveforms (signal generator properties) and regard the FM spectrum.
 Use the Bessel functions to determine the spectrum of an FM signal with $\xdf=3$.
This simulation implements frequency modulation. The FM signal is generated for the chosen modulating signal. Its spectrum is shown in a spectrum analyzer. All parameters of the modulating signal and modulator can be adjusted.
To change the different settings click on the corresponding wiring:
Adjust parameters of input signal  
Adjust parameters of FM modulator
Left click on FM modulator: 

Open measure for transmission signal
Right click on s(t): 
1. Order the spectra by modulation index! A cosine source signal is used.
Modulation index
Transmit spectrum