NJ Life Producer Exam Question Set With Answers GRADED A+ 2025/2026 Guaranteed Pass Verified

NJ Life Producer Exam Question Set With
Answers GRADED A+ 2025/2026 Guaranteed
Pass Verified

1. Which of the following amounts must decrease in a decreasing term?: Death
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benefit
2. In life insurance, insurable interest must exist at the time the..: Producer wr
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ites an on a proposed insured
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3. An applicant makes an offer to the insurer when they: pay an initial premium wit
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h the application
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4. Which of the following makes Universal Life insurance different from other fo
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rms of permanent insurance?: Premium Schedule
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5. An insurer that shares its profits with its' policyowners is known as..: A m
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utual insurer g




6. Statements made by an applicant for insurance on the application are c
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onsidered to be..: Representations g g g




7. In which of the following are proceeds left with the insurer and earnings se
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nt to the beneficiary?: Interest-Only
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8. The primary purpose of an annuity is to..: Provide income for retirement
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9. Which of the following provisions in a life policy specifies the manner in whi
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ch proceeds will be paid to a beneficiary on the death of insured?: settle-
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g ment options g




10. An insurance producer takes an application for a life policy but does not coll
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, ect the initial premium. On delivery of policy to the proposed insured, the produ
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cer must collect the initial premium and which of the following?: The insured's si
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gned statement of continued good health
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11. A report of previously submitted life insurance applications to other insur-
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g ers is known as:: A Medical Information Bureau report
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12. A company decides to purchase Key Employee life insurance for its vice pr
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esident of operations. All of the following statements are correct EXCEPT the..
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: Employee names the beneficiary
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13. Which of the following features allows an insurance policy to remain in for
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ce for a specified number of days beyond the premium due date?: Grace perio
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d provision g




14. which of the following prevents the producer from unilaterally amending a p
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olicy?: Entire contract g g




15. interest paid on a policy loan is..: not tax deductible g g g g g g g g g




16. An employer paid life insurance policy is called: Non-contributory group life
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17. A tax free exchange of one life insurance policy or annuity for another is cal
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led..: 1035 exchange g g




18. Which of the following group life plans require at least 75% of the eligible me
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mbers to participate?: Contributory g g g




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