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Insurance Licensing NJ-Life-Producer Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Policy Riders, Provisions, Options & Exclusions20-25%- Required & Optional Policy Provisions
- Beneficiary Designations & Settlement Options
- Policy Exclusions & Limitations
- Common Policy Riders
Topic 2: New Jersey Insurance Laws, Rules & Regulations20-25%- Licensing Requirements & Procedures
- Ethics, Fiduciary Duty & Consumer Protection
- State Regulatory Framework & Jurisdiction
- Policy Replacement & Disclosure Rules
- Trade Practices & Unfair Trade Laws
Topic 3: Types of Life Insurance Policies20-25%- Annuities & Retirement Products
- Interest-Sensitive & Universal Life Products
- Combination Plans & Policy Variations
- Traditional Whole Life Products
- Term Life Insurance
Topic 4: Taxes, Retirement & Advanced Concepts15-20%- Social Security & Government Benefits
- Retirement Plans & Tax Treatment
- Group Life Insurance
- Business Insurance & Third-Party Ownership
Topic 5: Application, Underwriting & Policy Delivery10-15%- Completing the Application & Disclosure Requirements
- Policy Delivery & Legal Responsibilities
- Do Not Call & Privacy Regulations
- Underwriting Process & Risk Classification

Insurance Licensing New Jersey Life Producer Sample Questions:

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. $200,000.
  • B. $150,000.
  • C. $250,000.
  • D. $100,000.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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According to New Jersey law, copies of insurance advertisements must be maintained

  • A. By the Department of Banking and Insurance.
  • B. At the producer's office.
  • C. On the producer's computer.
  • D. At the company's office.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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A producer who encourages an insured to lapse one policy and buy a new one based on an incomplete comparison of the policies may be engaged in the act of

  • A. Misrepresentation.
  • B. Twisting.
  • C. Rebating.
  • D. Tampering.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for Lead2PassExam members. You can sign-up / login (it's free).

Which of the following represents a reduced paid-up nonforfeiture option?

  • A. The new protection is for the same amount as the original policy.
  • B. A full share of expense loading must be included in the premium on the reduced coverage.
  • C. Further premiums must be paid on the reduced policy.
  • D. The new policy will have a decreased face amount.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Which rider assures the premiums will be paid on a juvenile policy until the insured child reaches a specific age?

  • A. Guaranteed insurability rider.
  • B. Automatic premium loan rider.
  • C. Waiver of premium rider.
  • D. Payor rider.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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