Exam (elaborations)

NJ Life Producer Exam Questions and Answers Updated 2026

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NJ Life Producer Exam Questions and Answers Updated 2026

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Nj Life Producer

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Nj life producer

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Institution: Nj life producer
Course: Nj life producer

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Uploaded on: January 2, 2026
Number of pages: 10
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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nj life producer exam questions and answers update

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NJ Life Producer Exam Questions
and Answers Updated 2026
WhichBofBtheBfollowingBamountsBmustBdecreaseBinBaBdecreasingBterm?B-
BAnswerDeathBbenefit

InBlifeBinsurance,BinsurableBinterestBmustBexistBatBtheBtimeBthe..B-
BAnswerProducerBwritesBanBonBaBproposedBinsured

AnBapplicantBmakesBanBofferBtoBtheBinsurerBwhenBtheyB-
BAnswerpayBanBinitialBpremiumBwithBtheBapplication

WhichBofBtheBfollowingBmakesBUniversalBLifeBinsuranceBdifferentBfromBotherBformsBofBperma
nentBinsurance?B-BAnswerPremiumBSchedule

AnBinsurerBthatBsharesBitsBprofitsBwithBits'BpolicyownersBisBknownBas..B-
BAnswerABmutualBinsurer

StatementsBmadeBbyBanBapplicantBforBinsuranceBonBtheBapplicationBareBconsideredBtoBbe..B-
BAnswerRepresentations

InBwhichBofBtheBfollowingBareBproceedsBleftBwithBtheBinsurerBandBearningsBsentBtoBtheBben
eficiary?B-BAnswerInterest-Only

TheBprimaryBpurposeBofBanBannuityBisBto..B-BAnswerProvideBincomeBforBretirement

WhichBofBtheBfollowingBprovisionsBinBaBlifeBpolicyBspecifiesBtheBmannerBinBwhichBproceedsB
willBbeBpaidBtoBaBbeneficiaryBonBtheBdeathBofBinsured?B-BAnswersettlementBoptions

AnBinsuranceBproducerBtakesBanBapplicationBforBaBlifeBpolicyBbutBdoesBnotBcollectBtheBinitial
Bpremium.BOnBdeliveryBofBpolicyBtoBtheBproposedBinsured,BtheBproducerBmustBcollectBtheBin
itialBpremiumBandBwhichBofBtheBfollowing?B-
BAnswerTheBinsured'sBsignedBstatementBofBcontinuedBgoodBhealth

ABreportBofBpreviouslyBsubmittedBlifeBinsuranceBapplicationsBtoBotherBinsurersBisBknownBas:B-
BAnswerABMedicalBInformationBBureauBreport

, ABcompanyBdecidesBtoBpurchaseBKeyBEmployeeBlifeBinsuranceBforBitsBviceBpresidentBofBopera
tions.BAllBofBtheBfollowingBstatementsBareBcorrectBEXCEPTBthe..B-
BAnswerEmployeeBnamesBtheBbeneficiary

WhichBofBtheBfollowingBfeaturesBallowsBanBinsuranceBpolicyBtoBremainBinBforceBforBaBspecifi
edBnumberBofBdaysBbeyondBtheBpremiumBdueBdate?B-BAnswerGraceBperiodBprovision

whichBofBtheBfollowingBpreventsBtheBproducerBfromBunilaterallyBamendingBaBpolicy?B-
BAnswerEntireBcontract

interestBpaidBonBaBpolicyBloanBis..B-BAnswernotBtaxBdeductible

AnBemployerBpaidBlifeBinsuranceBpolicyBisBcalledB-BAnswerNon-contributoryBgroupBlife

ABtaxBfreeBexchangeBofBoneBlifeBinsuranceBpolicyBorBannuityBforBanotherBisBcalled..B-
BAnswer1035Bexchange

WhichBofBtheBfollowingBgroupBlifeBplansBrequireBatBleastB75%BofBtheBeligibleBmembersBtoBp
articipate?B-BAnswerContributory

TwoBbusinessBpartnersBownBlifeBinsuranceBonBeachBother.BIfBoneBpartnerBdies,BwhichBofBthe
BfollowingBcontractsBwillBallowBtheBotherBpartnerBtoBbuyB100BpercentBofBtheBbusinessBintere
st?B-BAnswerBuyBandBSellBagreement

UnderBaBtraditionalBIRA,BownersBmustBbeginBtoBreceiveBpaymentsBfromBtheirBaccountsBbyBth
eBtimeBtheyBreachBage..B-BAnswer70B1/2

socialBsecurityBretirementBbenefitsBareBdeterminedBbyBallBofBtheBfollowingBexcept?B-
BAnswersex

ABmodificationBtoBaBlifeBpolicyBisBcalledBa..B-BAnswerRider

theBrightBtoBchangeBaBbeneficiaryBisBreservedBforBthe..B-BAnswerpolicyownerw

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