Pass your test with the help of Insurance Licensing NJ-Life-Producer practice pdf. Prep4King offer 100% guarantee!
Last Updated: Aug 07, 2026
No. of Questions: 95 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Types of Life Insurance Policies | 20-25% | - Term Life Insurance - Annuities & Retirement Products - Traditional Whole Life Products - Combination Plans & Policy Variations - Interest-Sensitive & Universal Life Products |
| Topic 2: Taxes, Retirement & Advanced Concepts | 15-20% | - Social Security & Government Benefits - Business Insurance & Third-Party Ownership - Retirement Plans & Tax Treatment - Group Life Insurance |
| Topic 3: New Jersey Insurance Laws, Rules & Regulations | 20-25% | - Licensing Requirements & Procedures - Trade Practices & Unfair Trade Laws - Ethics, Fiduciary Duty & Consumer Protection - Policy Replacement & Disclosure Rules - State Regulatory Framework & Jurisdiction |
| Topic 4: Application, Underwriting & Policy Delivery | 10-15% | - Completing the Application & Disclosure Requirements - Policy Delivery & Legal Responsibilities - Underwriting Process & Risk Classification - Do Not Call & Privacy Regulations |
| Topic 5: Policy Riders, Provisions, Options & Exclusions | 20-25% | - Policy Exclusions & Limitations - Common Policy Riders - Required & Optional Policy Provisions - Beneficiary Designations & Settlement Options |
1. A group life face amount is sometimes written as an amount equal to an employee's
A) Home value.
B) Age.
C) Salary.
D) Net worth.
2. Which of the following policies allows for a partial surrender?
A) Term life.
B) Modified whole life.
C) Universal life.
D) Variable whole life.
3. When can the beneficiary be changed in a life insurance policy?
A) The beneficiary can never be changed once the policy is issued.
B) A beneficiary change can occur upon the request of the revocable beneficiary.
C) The insurer determines specified dates within the policy to allow for changes.
D) The insured can usually change the beneficiary at any time during the policy term.
4. What does the Fair Credit Reporting Act give the consumer the right to do?
A) Deny the insurer access to their credit report.
B) Request a copy of their credit report and an explanation of it from their agent.
C) Question the validity and source of any credit information collected and retained by the insurer.
D) Decide which credit agency the insurer can pull their information from.
5. Which of the following is a characteristic of conversion from group to permanent life insurance?
A) Conversion must be to term insurance.
B) Conversion must be applied for within 1 month of termination.
C) Proof of insurability is required.
D) Premium for the new policy will be based on the age when first covered by the group policy.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: B |
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