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

  • Exam Code: NJ-Life-Producer
  • Exam Name: New Jersey Life Producer Exam
  • Updated: Sep 04, 2026
  • Q & A: 95 Questions and Answers

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Insurance Licensing NJ-Life-Producer Exam Syllabus Topics:

SectionWeightObjectives
Policy Riders, Provisions, Options & Exclusions20-25%- Common Policy Riders
- Policy Exclusions & Limitations
- Beneficiary Designations & Settlement Options
- Required & Optional Policy Provisions
Taxes, Retirement & Advanced Concepts15-20%- Business Insurance & Third-Party Ownership
- Social Security & Government Benefits
- Retirement Plans & Tax Treatment
- Group Life Insurance
New Jersey Insurance Laws, Rules & Regulations20-25%- Trade Practices & Unfair Trade Laws
- State Regulatory Framework & Jurisdiction
- Ethics, Fiduciary Duty & Consumer Protection
- Licensing Requirements & Procedures
- Policy Replacement & Disclosure Rules
Types of Life Insurance Policies20-25%- Interest-Sensitive & Universal Life Products
- Term Life Insurance
- Annuities & Retirement Products
- Combination Plans & Policy Variations
- Traditional Whole Life Products
Application, Underwriting & Policy Delivery10-15%- Underwriting Process & Risk Classification
- Do Not Call & Privacy Regulations
- Policy Delivery & Legal Responsibilities
- Completing the Application & Disclosure Requirements

Insurance Licensing New Jersey Life Producer Sample Questions:

Question 1

Sam had a $100,000 five-year, nonrenewable level term life insurance policy with his wife as the beneficiary.
Sam dies eight years after the inception date of the policy. How much will be paid to Sam's wife?

A. $100,000.
B. $40,000.
C. Nothing.
D. $60,000.


Question 2

Why would a policyowner purchase a term rider for their existing policy?

A. To reduce the premium payment period.
B. To add additional death benefits.
C. To guarantee the premium amount throughout the life of the policy.
D. To provide protection in case the insurer refused to pay the benefits of the policy.


Question 3

Which of the following is most likely used for underwriting purposes and includes information on an applicant's character and personal habits?

A. Investigative consumer report.
B. Buyer's Guide.
C. Medical Information Bureau report.
D. Agent report.


Question 4

Mortgage redemption or cancellation insurance is a form of what type of insurance?

A. Decreasing term.
B. Increasing term.
C. Level premium universal life.
D. Level premium whole life.


Question 5

Continuing education credits may be earned for completing which of the following courses?

A. Prelicensing examination courses.
B. Personal motivation courses.
C. Salesmanship courses.
D. CLU designation courses.


Solutions:

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

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