2025 NJ LIFE PRODUCER EXAM | ALL QUESTIONS AND CORRECT
ANSWERS | ALREADY GRADED A+ | VERIFIED ANSWERS | LATEST
EXAM
Renewable Term Life Insurance - (CORRECT ANSWER)An insurer must renew a renewable term policy at
the policyowner's request regardless of the insurability status of the insured.
Fixed-amount - (CORRECT ANSWER)The settlement option that provides for payments to be made in
regular installments to a beneficiary until the principal and interest are exhausted best describes:
Must give public reasonable access. - (CORRECT ANSWER)What hours of operation is a branch office
required to have?
Amount of indeptness - (CORRECT ANSWER)Under a Credit Life Policy, the amount of coverage shall not
exceed the:
180 Days - (CORRECT ANSWER)In most circumstances, a temporary license in New Jersey shall not be
valid for a period longer than:
31 Days - (CORRECT ANSWER)Telemarketers must update their solicitation lists with the National Do Not
Call Registry every...
Notify the Producer whose policy is being replaced - (CORRECT ANSWER)When replacing existing life
insurance, an agent MUST...
have their principle office in New Jersey - (CORRECT ANSWER)A producer who wishes to hold a Resident
NJ Life Producer license, who lives in another state, must...
The ceding insurer - (CORRECT ANSWER)A insurer procuring insurance for itself from another insurer is
called...
90 days - (CORRECT ANSWER)A business name authorization expires in
1
, 12 months - (CORRECT ANSWER)A first time applicant is someone who has not been licensed as a
producer for the previous...
12 months - (CORRECT ANSWER)When applying for a producer's license, an applicant must have passed
the State Licensing Exam within how long from the date of their application for license?
Interest-only - (CORRECT ANSWER)In which of the following are proceeds left with the insurer and
earnings sent to the beneficiary?
Variable Life - (CORRECT ANSWER)Under what type of life insurance policy will the death benefit vary,
based on the performance of an underlying portfolio of securities?
Not Tax Deductable - (CORRECT ANSWER)Generally, premiums paid on an individual life insurance policy
are:
9 years and 8 months - (CORRECT ANSWER)A 10 year family income policy was purchased effective April
1, 2007. The insured died August 1, 2007. The beneficiary receives monthly income for:
the face amount less the annual premium - (CORRECT ANSWER)John the insured dies during the grace
period of his life insurance policy and had not paid the annual premium. The insurance company is
obligated to pay which of the following to the beneficiary?
Contingent beneficiaries - (CORRECT ANSWER)If the primary beneficiary dies before an insured, the
individuals are paid when the insured dies are...
premium mode - (CORRECT ANSWER)The aspect of a policy that allows a policyholder to select the
timing of premium payments is known as...
2
ANSWERS | ALREADY GRADED A+ | VERIFIED ANSWERS | LATEST
EXAM
Renewable Term Life Insurance - (CORRECT ANSWER)An insurer must renew a renewable term policy at
the policyowner's request regardless of the insurability status of the insured.
Fixed-amount - (CORRECT ANSWER)The settlement option that provides for payments to be made in
regular installments to a beneficiary until the principal and interest are exhausted best describes:
Must give public reasonable access. - (CORRECT ANSWER)What hours of operation is a branch office
required to have?
Amount of indeptness - (CORRECT ANSWER)Under a Credit Life Policy, the amount of coverage shall not
exceed the:
180 Days - (CORRECT ANSWER)In most circumstances, a temporary license in New Jersey shall not be
valid for a period longer than:
31 Days - (CORRECT ANSWER)Telemarketers must update their solicitation lists with the National Do Not
Call Registry every...
Notify the Producer whose policy is being replaced - (CORRECT ANSWER)When replacing existing life
insurance, an agent MUST...
have their principle office in New Jersey - (CORRECT ANSWER)A producer who wishes to hold a Resident
NJ Life Producer license, who lives in another state, must...
The ceding insurer - (CORRECT ANSWER)A insurer procuring insurance for itself from another insurer is
called...
90 days - (CORRECT ANSWER)A business name authorization expires in
1
, 12 months - (CORRECT ANSWER)A first time applicant is someone who has not been licensed as a
producer for the previous...
12 months - (CORRECT ANSWER)When applying for a producer's license, an applicant must have passed
the State Licensing Exam within how long from the date of their application for license?
Interest-only - (CORRECT ANSWER)In which of the following are proceeds left with the insurer and
earnings sent to the beneficiary?
Variable Life - (CORRECT ANSWER)Under what type of life insurance policy will the death benefit vary,
based on the performance of an underlying portfolio of securities?
Not Tax Deductable - (CORRECT ANSWER)Generally, premiums paid on an individual life insurance policy
are:
9 years and 8 months - (CORRECT ANSWER)A 10 year family income policy was purchased effective April
1, 2007. The insured died August 1, 2007. The beneficiary receives monthly income for:
the face amount less the annual premium - (CORRECT ANSWER)John the insured dies during the grace
period of his life insurance policy and had not paid the annual premium. The insurance company is
obligated to pay which of the following to the beneficiary?
Contingent beneficiaries - (CORRECT ANSWER)If the primary beneficiary dies before an insured, the
individuals are paid when the insured dies are...
premium mode - (CORRECT ANSWER)The aspect of a policy that allows a policyholder to select the
timing of premium payments is known as...
2
