Final Exam - (NJ) New Jersey Life and Health.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/Final%20Exam%
New Jersey Life and Health Final Exam Actual
Questions & Verified Answers
1. Which type of long-term care benefit would be most appropriate for a stroke
victim who requires speech therapy administered at her home?
Answer Home health care
2. Which of the following is NOT a federal requirement of a qualified plan?
Answer -
Employee must be able to make unlimited contributions
3. Why are dividends from a mutual insurer not subject to taxation?
Answer Because dividends are considered to be a return of premium
4. The treasurer of XYZ Insurance Company discovers that the treasurer's
company is being investigated by the Banking and Insurance Commission-
er...
1 of 45 10/24/2024, 8:03
,Final Exam - (NJ) New Jersey Life and Health.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/Final%20Exam%
Answer Making false financial statements
5. Which type of rider will waive the premium on a child's life insurance policy if
the parent paying the premium dies?
Answer Payor benefit
6. Which of these premium payment frequencies is not typically available to a
policy owner?
Answer Bi-weekly
7. Maria the agent would like to advertise an annuity product on a highway
billboard.Which of the following must be included in the advertisement?
Answer Her name
8. Which disability policy provision would address any concerns of the value of
the benefits decreasing over time?
Answer Cost of living benefit
9. Which of these is NOT a characteristic of the Accelerated Death Benefit
2 of 45 10/24/2024, 8:03
,Final Exam - (NJ) New Jersey Life and Health.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/Final%20Exam%
option?
Answer The benefit can be offered as a rider at a specific extra cost or may be at no
cost
10. All of the following are included as part of a contract in the entire contract
provision EXCEPT the
Answer Changes made by the producer
11. The power given to an individual producer that is not specifically ad-
dressed in his/her contract is considered what type of authority?
Answer Implied
12. Pat is insured with a life insurance policy and Karen is his primary ben-
eficiary.They are both involved in an automobile accident where Pat dies
instantly and Karen dies 5 days later...
Answer Common disaster clause
13. Key Person Disability Insurance pays benefits to the
Answer Employer
3 of 45 10/24/2024, 8:03
,Final Exam - (NJ) New Jersey Life and Health.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/Final%20Exam%
14. Under a disability income policy, which provision would be payable if the
cause of an injury is unexpected and accidental?
Answer Accidental bodily injury provision
15. What will the beneficiary receive if an annuitant dies during the accumula-
tion period?
Answer The greater of the accumulated cash value or the total premium paid
16. Written notice for a health claim must be given to the insurer days after
the occurrence of the loss.
Answer 20
4 of 45 10/24/2024, 8:03
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 NurseFerian. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
