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

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

1. Under a Traditional IRA, interest earned is taxed: upon distribution
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2. Which of these statements regarding the annuitants is CORRECT?: The a
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nnuitant's life expectancy determines the annuity payment
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3. What will the beneficiary receive is annuitant dies during the accumulation p
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eriod?: The greater the accumulated cash value or the total premium paid
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4. Which of the following actions is REQUIRED by an agent who is replacing an
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existing life insurance policy?: Submit to to the replacing insurer a list of the policie
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s to be replaced
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licensing course completion certificate are valid for a period of ?: 2 years
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6. A partial surrender is allowed in which of the following life policies?: Univer-
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7. What happens to interest earned if the annuitant dies before the payout start da
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te?: It is taxable
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8. How are annuities given favorable tax treatment?: gains are taxed at distribu-
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g tion
9. Fixed period settlement options are considered to be a form of a(n): annuity
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10. Matt is applying for life insurance and requests a double indemnity rider. A
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double indemnity benefit will be payable to Matt's beneficiary if Matt: dies insta
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, ntly from a car accident
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11. A modified insurance contract which accumulates cash values higher than th
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e IRS will allow: A life insurance contract which accumulates cash values higher than t
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he IRS will allow
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12. A(n)
insurance company is one that was formed under the laws of a state other th
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an New Jersey.: Foreign
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13. An example of a tax-qualified retirement plan would be a(n): defined contri-
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14. How soon can the benefit payments begin with a deferred annuity?: a mi
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nimum of 12 months after date of purchase
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15. A securities license is required for a life insurance producer to sell: Variable Lif
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16. A whole life insurance policy accumulates cash value that becomes: the p
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olicy loan value which the insured may borrow against
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17. The coverage, conditions, and limitations in the master policy of a group co
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ntract can be found in which document?: Certificate of coverage and benefits
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18. Which of the following policies does NOT build cash value?: term
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19. When the word "insurance" appears in a producer's business name, which of
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the following words cannot be approved?: company
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