Exam (elaborations)
NJ Life Producer Exam questions and answers already graded A+ 2024/2025
- Course
- Institution
NJ Life Producer Exam questions and answers already graded A+ 2024/2025
[Show more]
Content preview
NJ Life Producer ExamWhich of the subsequent quantities need to decrease in a decreasing term? - ANSDeath benefit
In existence insurance, insurable interest should exist on the time the.. - ANSProducer writes an
on a proposed insured
An applicant makes a suggestion to the insurer once they - ANSpay an preliminary top class
with the application
Which of the following makes Universal Life coverage special from different types of everlasting
insurance? - ANSPremium Schedule
An insurer that shares its profits with its' policyowners is known as.. - ANSA mutual insurer
Statements made with the aid of an applicant for insurance on the utility are taken into
consideration to be.. - ANSRepresentations
In which of the subsequent are proceeds left with the insurer and income sent to the
beneficiary? - ANSInterest-Only
The primary purpose of an annuity is to.. - ANSProvide income for retirement
Which of the following provisions in a life coverage specifies the manner wherein proceeds may
be paid to a beneficiary at the dying of insured? - ANSsettlement options
An insurance manufacturer takes an utility for a existence policy however does not acquire the
initial top class. On delivery of policy to the proposed insured, the manufacturer should
accumulate the initial premium and which of the subsequent? - ANSThe insured's signed
statement of endured good health
A document of previously submitted lifestyles coverage packages to different insurers is called: -
ANSA Medical Information Bureau report
A organisation makes a decision to purchase Key Employee existence insurance for its vp of
operations. All of the subsequent statements are accurate EXCEPT the.. - ANSEmployee
names the beneficiary
Which of the following functions lets in an insurance policy to remain in force for a special
number of days beyond the top class due date? - ANSGrace period provision
, which of the subsequent prevents the producer from unilaterally amending a coverage? -
ANSEntire contract
hobby paid on a coverage mortgage is.. - ANSnot tax deductible
An company paid life insurance policy is called - ANSNon-contributory institution existence
A tax unfastened trade of one existence coverage policy or annuity for any other is called.. -
ANS1035 change
Which of the following group life plans require at the least seventy five% of the eligible
contributors to participate? - ANSContributory
Two business partners own life insurance on every other. If one partner dies, which of the
subsequent contracts will permit the other associate to buy 100 percentage of the enterprise
interest? - ANSBuy and Sell agreement
Under a conventional IRA, proprietors have to begin to get hold of bills from their accounts by
the point they attain age.. - ANS70 half
social security retirement blessings are decided by means of all of the following besides? -
ANSsex
A amendment to a existence policy is called a.. - ANSRider
the right to change a beneficiary is reserved for the.. - ANSpolicyownerw
Which of the following statements regarding a revocable beneficiary is CORRECT? - ANSthe
policyowner may also change the beneficiary without his or her expertise or authorised
R has simply graduated from law faculty. R is aware of that R's destiny income might be much
better than they're now, however wants to purchase a everlasting policy now to cowl future
desires. Which of the following policies could BEST suit R's wishes? - ANSmodified entire life
A coverage that gives lifetime protection for an insured with rates payable for 20 years is called
a.. - ANS20 pay-life
All of the following are modes of payment in a life policy EXCEPT - ANSbi-weekly
A payor benefit rider offers which of the following blessings? - ANSA waiver of premium ought to
the payor die, till the insured reaches a predetermined age
The termed used to indicate that a coverage beneficiary can not be changed is.. -
ANSIrrevocable
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Ashley96. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73091 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now