1|Page
New Jersey Life Producer Exam Newest /New Jersey
Life Producer Exam Preparation /New Jersey Life
Producer Practice Exam With Complete Questions
And Correct Detailed Answers |Already Graded A+||
Latest Exam!!!
Which of the following amounts must decrease in a
decreasing term? - Answer-Death benefit
In life insurance, insurable interest must exist at the time
the.. - Answer-Producer writes an on a proposed insured
An applicant makes an offer to the insurer when they -
Answer-pay an initial premium with the application
Which of the following makes Universal Life insurance
different from other forms of permanent insurance? -
Answer-Premium Schedule
An insurer that shares its profits with its' policyowners is
known as.. - Answer-A mutual insurer
,2|Page
Statements made by an applicant for insurance on the
application are considered to be.. - Answer-
Representations
In which of the following are proceeds left with the insurer
and earnings sent to the beneficiary? - Answer-Interest-
Only
The primary purpose of an annuity is to.. - Answer-Provide
income for retirement
Which of the following provisions in a life policy specifies
the manner in which proceeds will be paid to a beneficiary
on the death of insured? - Answer-settlement options
An insurance producer takes an application for a life policy
but does not collect the initial premium. On delivery of
policy to the proposed insured, the producer must collect
the initial premium and which of the following? - Answer-
The insured's signed statement of continued good health
, 3|Page
A report of previously submitted life insurance applications
to other insurers is known as: - Answer-A Medical
Information Bureau report
A company decides to purchase Key Employee life
insurance for its vice president of operations. All of the
following statements are correct EXCEPT the.. - Answer-
Employee names the beneficiary
Which of the following features allows an insurance policy
to remain in force for a specified number of days beyond
the premium due date? - Answer-Grace period provision
which of the following prevents the producer from
unilaterally amending a policy? - Answer-Entire contract
interest paid on a policy loan is.. - Answer-not tax
deductible
An employer paid life insurance policy is called - Answer-
Non-contributory group life
New Jersey Life Producer Exam Newest /New Jersey
Life Producer Exam Preparation /New Jersey Life
Producer Practice Exam With Complete Questions
And Correct Detailed Answers |Already Graded A+||
Latest Exam!!!
Which of the following amounts must decrease in a
decreasing term? - Answer-Death benefit
In life insurance, insurable interest must exist at the time
the.. - Answer-Producer writes an on a proposed insured
An applicant makes an offer to the insurer when they -
Answer-pay an initial premium with the application
Which of the following makes Universal Life insurance
different from other forms of permanent insurance? -
Answer-Premium Schedule
An insurer that shares its profits with its' policyowners is
known as.. - Answer-A mutual insurer
,2|Page
Statements made by an applicant for insurance on the
application are considered to be.. - Answer-
Representations
In which of the following are proceeds left with the insurer
and earnings sent to the beneficiary? - Answer-Interest-
Only
The primary purpose of an annuity is to.. - Answer-Provide
income for retirement
Which of the following provisions in a life policy specifies
the manner in which proceeds will be paid to a beneficiary
on the death of insured? - Answer-settlement options
An insurance producer takes an application for a life policy
but does not collect the initial premium. On delivery of
policy to the proposed insured, the producer must collect
the initial premium and which of the following? - Answer-
The insured's signed statement of continued good health
, 3|Page
A report of previously submitted life insurance applications
to other insurers is known as: - Answer-A Medical
Information Bureau report
A company decides to purchase Key Employee life
insurance for its vice president of operations. All of the
following statements are correct EXCEPT the.. - Answer-
Employee names the beneficiary
Which of the following features allows an insurance policy
to remain in force for a specified number of days beyond
the premium due date? - Answer-Grace period provision
which of the following prevents the producer from
unilaterally amending a policy? - Answer-Entire contract
interest paid on a policy loan is.. - Answer-not tax
deductible
An employer paid life insurance policy is called - Answer-
Non-contributory group life
