NJ Life Producer Exam Questions With All Correct Answers 2024.

Which of the following amounts must decrease in a decreasing term? - Answer Death benefit In life insurance, insurable interest must exist at the time the.. - Answer Producer writes an on a proposed insured An applicant makes an offer to the insurer when they - Answer pay an initial premium with the application Which of the following makes Universal Life insurance different from other forms of permanent insurance? - Answer Premium Schedule An insurer that shares its profits with its' policyowners is known as.. - Answer A mutual insurer Statements made by an applicant for insurance on the application are considered to be.. - Answer Representations In which of the following are proceeds left with the insurer and earnings sent to the beneficiary? - Answer Interest-Only The primary purpose of an annuity is to.. - Answer Provide income for retirement Which of the following provisions in a life policy specifies the manner in which proceeds will be paid to a beneficiary on the death of insured? - Answer settlement options An insurance producer takes an application for a life policy but does not collect the initial premium. On delivery of policy to the proposed insured, the producer must collect the initial premium and which of the following? - Answer The insured's signed statement of continued good health