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NJ Life Producer Exam Study Life Insurance Questions and Answers (100% Pass)
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NJ Life Producer Exam Study Life Insurance Questions and Answers (100% Pass)
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©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AMNJ Life Producer Exam Study Life Insurance
Questions and Answers (100% Pass)
Renewable Term Life Insurance - ✔️✔️An insurer must renew a renewable term policy at
the policyowner's request regardless of the insurability status of the insured.
Fixed-amount - ✔️✔️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. - ✔️✔️What hours of operation is a branch office
required to have?
Amount of indeptness - ✔️✔️Under a Credit Life Policy, the amount of coverage shall not
exceed the:
180 Days - ✔️✔️In most circumstances, a temporary license in New Jersey shall not be
valid for a period longer than:
31 Days - ✔️✔️Telemarketers must update their solicitation lists with the National Do Not
Call Registry every...
1
, ©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
Notify the Producer whose policy is being replaced - ✔️✔️When replacing existing life
insurance, an agent MUST...
have their principle office in New Jersey - ✔️✔️A producer who wishes to hold a Resident
NJ Life Producer license, who lives in another state, must...
The ceding insurer - ✔️✔️A insurer procuring insurance for itself from another insurer is
called...
90 days - ✔️✔️A business name authorization expires in
12 months - ✔️✔️A first time applicant is someone who has not been licensed as a
producer for the previous...
12 months - ✔️✔️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 - ✔️✔️In which of the following are proceeds left with the insurer and
earnings sent to the beneficiary?
Variable Life - ✔️✔️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 - ✔️✔️Generally, premiums paid on an individual life insurance policy
are:
9 years and 8 months - ✔️✔️A 10 year family income policy was purchased effective April
1, 2007. The insured died August 1, 2007. The beneficiary receives monthly income for:
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