Insurance Licensing New Jersey Life Producer : NJ-Life-Producer

  • Exam Code: NJ-Life-Producer
  • Exam Name: New Jersey Life Producer Exam
  • Updated: Aug 17, 2026
  • Q & A: 95 Questions and Answers

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Insurance Licensing NJ-Life-Producer Exam Syllabus Topics:
SectionObjectives
State Laws, Rules, and Regulations- New Jersey Insurance Regulations
- Marketing Practices
- Ethics and Consumer Protection
- Producer Licensing Requirements
Policy Riders, Provisions, Options, and Exclusions- Policy Exclusions
- Policy Provisions and Options
- Policy Riders
Types of Policies- Annuities
- Combination Plans and Variations
- Interest-Sensitive Life Products
- Term Life Insurance
- Traditional Whole Life Products
Completing the Application, Underwriting, and Delivering the Policy- Policy Delivery
- Underwriting
- Application Process
Retirement and Other Insurance Concepts- Life Insurance Needs Analysis
- Retirement Plans
- Qualified Plans
Insurance Licensing New Jersey Life Producer Sample Questions:

1. The Producer Licensing regulation requires that a branch office be open to the public

A) No less than forty hours per week.
B) On a posted schedule that provides reasonable access.
C) At least one evening per week and one Saturday per month.
D) Monday through Friday from 8 a.m. to 5 p.m.


2. What is the purpose of the Accelerated Death Benefit Rider?

A) To adjust the death benefit to keep up with inflation.
B) To increase the death benefit by a stated percentage.
C) To decrease the tax liability of the insured's estate.
D) To provide for the early payment of the death benefit for a terminally ill insured.


3. Under New Jersey replacement regulations, it is the duty of the replacing insurance company to take all of the following actions EXCEPT

A) Require its producers to comply with the regulations.
B) Retain a copy of the completed replacement Disclosure Statement.
C) Require a list of all policies that will be replaced.
D) Postpone underwriting until the existing insurer is notified.


4. An insured has a $100,000 policy with an accidental death benefit rider. If he dies on his way to work due to a heart attack, what will the insurer pay?

A) $100,000.
B) $250,000.
C) $150,000.
D) $200,000.


5. Which of the following is true concerning the use of HIV-related tests in life insurance underwriting?

A) Insurers do not need to obtain the proposed insured's informed consent prior to testing.
B) They are not permitted.
C) Insurers need only obtain the proposed insured's verbal informed consent prior to testing.
D) Insurers must obtain the proposed insured's written informed consent prior to testing.


Solutions:

Question # 1
Answer: B
Question # 2
Answer: D
Question # 3
Answer: D
Question # 4
Answer: A
Question # 5
Answer: D

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