NJ Life Producer Exam Study Life Insurance/ 105 Q&A/ Already Graded A+
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Course
NJ Life Insurance
Institution
NJ Life Insurance
NJ Life Producer Exam Study Life Insurance/ 105 Q&A/ Already Graded A+. Terms like:
Renewable Term Life Insurance - Answer: An insurer must renew a renewable term policy at the policyowner's request regardless of the insurability status of the insured.
Fixed-amount - Answer: The settlement o...
NJ Life Producer Exam Study Life Insurance/
105 Q&A/ Already Graded A+.
Renewable Term Life Insurance - Answer: An insurer must renew a renewable term policy at the
policyowner's request regardless of the insurability status of the insured.
Fixed-amount - Answer: 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. - Answer: What hours of operation is a branch office
required to have?
Amount of indeptness - Answer: Under a Credit Life Policy, the amount of coverage shall not
exceed the:
180 Days - Answer: In most circumstances, a temporary license in New Jersey shall not be valid
for a period longer than:
31 Days - Answer: Telemarketers must update their solicitation lists with the National Do Not
Call Registry every...
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, Notify the Producer whose policy is being replaced - Answer: When replacing existing life
insurance, an agent MUST...
have their principle office in New Jersey - Answer: A producer who wishes to hold a Resident NJ
Life Producer license, who lives in another state, must...
The ceding insurer - Answer: A insurer procuring insurance for itself from another insurer is
called...
90 days - Answer: A business name authorization expires in
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...
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