Insurance Licensing NJ-Life-Producer real exam prep : New Jersey Life Producer Exam

  • Exam Code: NJ-Life-Producer
  • Exam Name: New Jersey Life Producer Exam
  • Updated: Aug 03, 2026
  • Q&As: 95 Questions and Answers

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Insurance Licensing NJ-Life-Producer Exam Syllabus Topics:

SectionObjectives
Topic 1: Life Insurance Fundamentals- Policy provisions and clauses
  • 1. Grace period
    • 2. Incontestability clause
      - Types of life insurance policies
      • 1. Term life insurance
        • 2. Universal life insurance
          • 3. Whole life insurance
            Topic 2: Underwriting and Policy Issuance- Risk classification
            • 1. Medical underwriting factors
              • 2. Moral hazard and adverse selection
                Topic 3: State Regulations (New Jersey)- Insurance laws and ethics
                • 1. Producer licensing requirements
                  • 2. Unfair trade practices
                    Topic 4: Life Insurance and Annuities- Annuity basics
                    • 1. Variable annuities
                      • 2. Fixed annuities

                        Insurance Licensing New Jersey Life Producer Sample Questions:

                        1. The free look period for an annuity purchased from a local agent is at least

                        A) 15 days, and not more than 45 days, from the date of policy delivery.
                        B) 30 days, and not more than 45 days, from the date of policy delivery.
                        C) 10 days, and not more than 30 days, from the date of policy delivery.
                        D) 45 days, and not more than 60 days, from the date of policy delivery.


                        2. Insurance purchased on the life of a borrower to provide indemnity for a loan balance if the borrower dies is referred to as

                        A) Ticket life insurance.
                        B) Liability indemnity insurance.
                        C) Credit life insurance.
                        D) Bank insurance.


                        3. A policy may contain provisions excluding or restricting coverage as specified in the event of death under all of the following EXCEPT

                        A) War, or act of war.
                        B) A licensed pilot of a personal aircraft.
                        C) Fare-paying passenger.
                        D) Not provided in the source question.


                        4. Which of the following is a characteristic of conversion from group to permanent life insurance?

                        A) Conversion must be applied for within 1 month of termination.
                        B) Proof of insurability is required.
                        C) Conversion must be to term insurance.
                        D) Premium for the new policy will be based on the age when first covered by the group policy.


                        5. A licensed life or health producer who solicits insurance in New Jersey, has not selected New Jersey as his home state, and resides and maintains the principal office in another state is defined as

                        A) A foreign producer.
                        B) A nonresident producer.
                        C) An alien producer.
                        D) A reciprocal producer.


                        Solutions:

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

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