2025 NJ LIFE PRODUCER EXAM | ALL QUESTIONS AND CORRECT
NJ Life Producer Exam
ANSWERS | ALREADY GRADED A+ | VERIFIED ANSWERS | LATEST
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EXAM
1. Which of the following amounts must decrease in Death benefit
a decreasing term?
2. In life insurance, insurable interest must exist at Producer writes an on a pro-
the time the.. posed insured
3. An applicant makes an offer to the insurer when pay an initial premium with the
they application
4. Which of the following makes Universal Life in- Premium Schedule
surance different from other forms of permanent
insurance?
5. An insurer that shares its profits with its' policy- A mutual insurer
owners is known as..
6. Statements made by an applicant for insurance Representations
on the application are considered to be..
7. In which of the following are proceeds left with Interest-Only
the insurer and earnings sent to the beneficiary?
8. The primary purpose of an annuity is to.. Provide income for retirement
9. Which of the following provisions in a life policy settlement options
specifies the manner in which proceeds will be
paid to a beneficiary on the death of insured?
10. An insurance producer takes an application for a The insured's signed statement
life policy but does not collect the initial premium. of continued good health
On delivery of policy to the proposed insured,
the producer must collect the initial premium and
which of the following?
, NJ Life Producer Exam
Study online at https://quizlet.com/_9o6ja5
11. A report of previously submitted life insurance A Medical Information Bureau
applications to other insurers is known as: report
12. A company decides to purchase Key Employee life Employee names the beneficiary
insurance for its vice president of operations. All
of the following statements are correct EXCEPT
the..
13. Which of the following features allows an insur- Grace period provision
ance policy to remain in force for a specified num-
ber of days beyond the premium due date?
14. which of the following prevents the producer Entire contract
from unilaterally amending a policy?
15. interest paid on a policy loan is.. not tax deductible
16. An employer paid life insurance policy is called Non-contributory group life
17. A tax free exchange of one life insurance policy or 1035 exchange
annuity for another is called..
18. Which of the following group life plans require at Contributory
least 75% of the eligible members to participate?
19. Two business partners own life insurance on each Buy and Sell agreement
other. If one partner dies, which of the following
contracts will allow the other partner to buy 100
percent of the business interest?
20. Under a traditional IRA, owners must begin to 70 1/2
receive payments from their accounts by the time
they reach age..
NJ Life Producer Exam
ANSWERS | ALREADY GRADED A+ | VERIFIED ANSWERS | LATEST
Study online at https://quizlet.com/_9o6ja5
EXAM
1. Which of the following amounts must decrease in Death benefit
a decreasing term?
2. In life insurance, insurable interest must exist at Producer writes an on a pro-
the time the.. posed insured
3. An applicant makes an offer to the insurer when pay an initial premium with the
they application
4. Which of the following makes Universal Life in- Premium Schedule
surance different from other forms of permanent
insurance?
5. An insurer that shares its profits with its' policy- A mutual insurer
owners is known as..
6. Statements made by an applicant for insurance Representations
on the application are considered to be..
7. In which of the following are proceeds left with Interest-Only
the insurer and earnings sent to the beneficiary?
8. The primary purpose of an annuity is to.. Provide income for retirement
9. Which of the following provisions in a life policy settlement options
specifies the manner in which proceeds will be
paid to a beneficiary on the death of insured?
10. An insurance producer takes an application for a The insured's signed statement
life policy but does not collect the initial premium. of continued good health
On delivery of policy to the proposed insured,
the producer must collect the initial premium and
which of the following?
, NJ Life Producer Exam
Study online at https://quizlet.com/_9o6ja5
11. A report of previously submitted life insurance A Medical Information Bureau
applications to other insurers is known as: report
12. A company decides to purchase Key Employee life Employee names the beneficiary
insurance for its vice president of operations. All
of the following statements are correct EXCEPT
the..
13. Which of the following features allows an insur- Grace period provision
ance policy to remain in force for a specified num-
ber of days beyond the premium due date?
14. which of the following prevents the producer Entire contract
from unilaterally amending a policy?
15. interest paid on a policy loan is.. not tax deductible
16. An employer paid life insurance policy is called Non-contributory group life
17. A tax free exchange of one life insurance policy or 1035 exchange
annuity for another is called..
18. Which of the following group life plans require at Contributory
least 75% of the eligible members to participate?
19. Two business partners own life insurance on each Buy and Sell agreement
other. If one partner dies, which of the following
contracts will allow the other partner to buy 100
percent of the business interest?
20. Under a traditional IRA, owners must begin to 70 1/2
receive payments from their accounts by the time
they reach age..
