Try and practice the latest Insurance Licensing : NJ-Life-Producer real questions & answers

Last Updated: Jun 02, 2026

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Insurance Licensing New Jersey Life Producer Sample Questions:

1. Which type of insurance policy is characterized by premiums that are fully paid up within a stated period, after which no further premiums are required?

A) Limited payment life insurance.
B) Basic installment insurance.
C) Lump sum insurance.
D) Prepaid premium insurance.


2. Which of the following statements is true regarding a Waiver of Premium Rider?

A) The death benefit will be reduced by the amount of the unpaid premiums.
B) There will be no change in the policy's rates, benefits, or options other than that the insured no longer has to pay the premiums on the policy.
C) The policy's cash value will continue to grow, but at a slower rate because the insured is no longer paying premiums.
D) The insured will automatically become eligible for Accelerated Death Benefits.


3. Which of the following information maintained by the Banking and Insurance Department on a producer is available to the public?

A) The names of the insurance companies represented by the producer.
B) Medical disability information.
C) Revocation of professional certifications held by the producer.
D) Criminal complaints against the producer.


4. The proposed insured's statements on a life insurance application are considered to be

A) Warranties.
B) Misrepresentations.
C) Representations.
D) Absolute statements.


5. One area in which errors are commonly made on life insurance applications and for which the incontestable clause does not apply is

A) Age.
B) Occupation.
C) Education level.
D) State of residence.


Solutions:

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

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