200 Question Exam Simulator: New Jersey Life Questions and Answers Updated 2026

200 Question Exam Simulator: New
Jersey Life Questions and Answers
Updated 2026
MortalityBisBcalculatedBbyBusingBaBlargeBriskBpoolBof

A)BpeopleBandBtime

B)BhobbiesBandBtime

C)BinsuranceBcompaniesBandBagents

D)BfamilyBhistoryBandBgeographicalBareaB-BAnswerA)BpeopleBandBtime



ABpolicyownerBmayBexerciseBwhichBofBtheseBdividendBoptionsBthatBusesBtheBdividendBtoBpay
BallBorBpartBofBtheBnextBpremiumBdue?

A)BReductionBofBpremiumBdividendBoption

B)BExtendedBtermBoption

C)BPaid-upBoption

D)BCashBdividendBoptionB-BAnswerA)BReductionBofBpremiumBdividendBoption



PatBisBinsuredBwithBaBlifeBinsuranceBpolicyBandBKarenBisBhisBprimaryBbeneficiary.BTheyBareBb
othBinvolvedBinBanBautomobileBaccidentBwhereBPatBdiesBinstantlyBandBKarenBdiesB5BdaysBlat
er.BWhichBpolicyBprovisionBwillBprotectBtheBrightsBofBtheBcontingentBbeneficiaryBtoBreceiveBth
eBpolicyBbenefits?

A)BAccidentBindemnityBclause

B)BNonforfeitureBclause

C)BCommonBdisasterBclause

D)BSpendthriftBclauseB-BAnswerC)BCommonBdisasterBclause



WhatBisBtheBprimaryBfeatureBofBaBviaticalBsettlement?

A)BReducedBdeathBbenefitBprepayment

B)BNoBinterestBonBpolicyBloans

C)BLowerBpremiums

D)BLongerBcontestableBperiodB-BAnswerA)BReducedBdeathBbenefitBprepayment



WhichBoneBofBtheBfollowingBisBNOTBcoveredBbyBSocialBSecurity

,A)BSelf-employedBworker

B)BBusinessBowner

C)BRailroadBworker

D)BInsuranceBsalesmanB-BAnswerC)BRailroadBworker



HowBisBSocialBSecurityB(OASDI)Bfunded?

A)BTreasuryBBonds

B)BSalesBtaxes

C)BPayrollBtaxes

D)BFederalBgrantsB-BAnswerC)BPayrollBtaxes



IdividualsBcoveredBbyBSocialBSecurityBincludeBallBofBtheBfollowingBEXCEPT

A)BFederalBemployeesB(afterB1984)

B)BRailroadBworkers

C)BSmallBbusinessBowners

D)BStateBworkersBwhoBareBnotBcoveredBbyBstateBpensionBplansB-BAnswerB)BRailroadBworkers



UnderBSocialBSecurityBdisabilityBrequirements,BaBworkerBisBfullyBinsuredBonBaBpermanentBbasi
sBafterBhavingBworkedBinBaBcoveredBoccupationBfor:

A)B40Bquarters

B)B30Bquarters

C)B10Bquarters

D)B20BquartersB-BAnswerA)B40Bquarters



WhatBisBtheBformalBnameBforBSocialBSecurity?

A)BOldBAgeBSurvivorsBDisabilityBInsurance

B)BAdvancedBAgeBSurvivorsBDisabilityBInsurance

C)BQualifiedBAgeBSurvivorsBDisabilityBInsurance

D)BRetirementBAgeBSurvivorsBDisabilityBInsuranceB-
BAnswerA)BOldBAgeBSurvivorsBDisabilityBInsurance

,CraigBpurchasedBaBlifeBinsuranceBpolicyBforBenablingBhisBheirsBtoBpayBestateBtaxes.BWhatBisBt
hisBcalled?

A)BEstateBconservation

B)BSurvivorBfund

C)BLiquidityBmaintenance

D)BHumanBvalueBprotectionB-BAnswerA)BEstateBconservation



WhenBcalculatingBtheBamountBofBlifeBinsuranceBneededBforBanBincomeBearner,BwhatBhasBtoB
beBdeterminedBwhenBusingBtheBNeedsBApproach?

A)BTheBincomeBearner'sBcreditBscore

B)BTheBincomeBearner'sBfutureBprojectedBincome

C)BTheBinsuranceBcompany'sBfinancialBrating

D)BTheBfamily'sBfinancialBobjectivesBifBtheBincomeBearnerBwereBtoBdieBorBbecomeBdisabledB-
BAnswerD)BTheBfamily'sBfinancialBobjectivesBifBtheBincomeBearnerBwereBtoBdieBorBbecomeBdi
sabled



HowBdoesBoneBqualifyBasBaBfully-insuredBindividualBunderBSocialBSecurityBdisabilityBcoverage?

A)BIndividualBisBcurrentlyBemployed

B)BIndividualBhasBbeenBcreditedBwithBtheBappropriateBnumberBofBquartersBofBcoverage

C)BIndividualBisBexpectedBtoBbeBdisabledBforB5Bmonths

D)BIndividualBisBcurrentlyBcoveredBunderBMedicaidB-
BAnswerB)BIndividualBhasBbeenBcreditedBwithBtheBappropriateBnumberBofBquartersBofBcovera
ge



AnBagentBhasBcommittedBanBinsuranceBcrimeBthatBviolatesBUSBCodeB1033B(interstateBcomme
rce).BWhoBwouldBbeBresponsibleBforBtheBprosecutionBofBthisBcrime?

A)BStateBSenate

B)BLieutenantBGovernor

C)BUSBAttorneyBGeneral

D)BCommissionerB-BAnswerC)BUSBAttorneyBGeneral



InBNewBJersey,BanBinsurerBisBrequiredBtoBmaintainBfilesBofBallBpublishedBandBprintedBadvertis
ementsBfor

A)B3ByearsBfromBtheBdateBofBfirstBuse

, B)B3ByearsBfromBtheBdateBofBlastBuse

C)B5ByearsBfromBtheBdateBofBlastBuse

D)B5ByearsBfromBtheBdateBofBfirstBuseB-BAnswerC)B5ByearsBfromBtheBdateBofBlastBuse



AnBagentBisBrequiredBtoBkeepBreplacementBformsBonBfileBforBatBLEASTB___Byears.

A)B6

B)B4

C)B5

D)B3B-BAnswerC)B5



AnBexampleBofBanBunfairBmethodBofBcompetitionBis

A)BusingBpaidBtestimonialsBfromBcelebrityBendorsements

B)BsharingBcommissionsBwithBanotherBlicensedBproducer

C)BoverstatingBtheBbenefitsBofBanBinsuranceBpolicy

D)BreplacingBanBexistingBinsuranceBpolicyBwithBaBnewBoneB-
BAnswerC)BoverstatingBtheBbenefitsBofBanBinsuranceBpolicy



ABdebtorBmayBreceiveBCreditBLifeBinsuranceBinBwhichBofBtheBfollowingBforms?

A)BGroupBWholeBLife

B)BGroupBTermBLife

C)BEndowment

D)BUniversalBLifeB-BAnswerB)BGroupBTermBLife



ABproducerBisBmeetingBwithBaBclientBtoBdetermineBwhetherBanBannuityBwouldBbeBsuitableBf
orBpurchase.BWhichBofBtheBfollowingBtopicsBneedsBtoBbeBdiscussedBwithBtheBclient?

A)BLevelBofBeducationBcompleted

B)BPowerBofBattorney

C)BFinancialBobjectives

D)BPrimaryBphysicianB-BAnswerC)BFinancialBobjectives



AnBinsuranceBproducerBisBissuedBa(n)B________BasBevidenceBofBauthority.

A)Blicense