NJ Life Producer Exam Study Life
Insurance/ 105 Q&A/ Already Graded A+.
12 months - Answer: A first time applicant is someone who has not been licensed
as a producer for the previous...
12 months - 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 - Answer: In which of the following are proceeds left with the insurer
and earnings sent to the beneficiary?
Variable Life - 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 - Answer: Generally, premiums paid on an individual life
insurance policy are:
, 9 years and 8 months - 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 - 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 - Answer: If the primary beneficiary dies before an
insured, the individuals are paid when the insured dies are...
premium mode - Answer: The aspect of a policy that allows a policyholder to
select the timing of premium payments is known as...
Pay an amount equivalent to that which the premium would have purchased at
the correct age - Answer: If an insured understates her age and this is discovered
upon her death, the insurer will...
provide income for retirement - Answer: The primary purpose for an annuity is
to...
premium schedule - Answer: Which of the following features makes Universal Life
insurance different from other forms of permanent insurance?
Automatic premium loan - Answer: An insured may receive protection against the
unintentional lapse of his life insurance policy contract by requesting the...
Buy and Sell agreement - Answer: An agreement to purchase a deceased partner's
share of a business, using the proceeds from a life insurance policy, is called a...
Insurance/ 105 Q&A/ Already Graded A+.
12 months - Answer: A first time applicant is someone who has not been licensed
as a producer for the previous...
12 months - 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 - Answer: In which of the following are proceeds left with the insurer
and earnings sent to the beneficiary?
Variable Life - 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 - Answer: Generally, premiums paid on an individual life
insurance policy are:
, 9 years and 8 months - 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 - 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 - Answer: If the primary beneficiary dies before an
insured, the individuals are paid when the insured dies are...
premium mode - Answer: The aspect of a policy that allows a policyholder to
select the timing of premium payments is known as...
Pay an amount equivalent to that which the premium would have purchased at
the correct age - Answer: If an insured understates her age and this is discovered
upon her death, the insurer will...
provide income for retirement - Answer: The primary purpose for an annuity is
to...
premium schedule - Answer: Which of the following features makes Universal Life
insurance different from other forms of permanent insurance?
Automatic premium loan - Answer: An insured may receive protection against the
unintentional lapse of his life insurance policy contract by requesting the...
Buy and Sell agreement - Answer: An agreement to purchase a deceased partner's
share of a business, using the proceeds from a life insurance policy, is called a...
