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

"New Jersey Life Producer Exam", also known as NJ-Life-Producer exam, is a Insurance Licensing Certification. With the complete collection of questions and answers, ExamcollectionPass has assembled to take you through 95 Q&As to your NJ-Life-Producer Exam preparation. In the NJ-Life-Producer exam resources, you will cover every field and category in New Jersey Insurance Licencing (NJDOBI) Certification helping to ready you for your successful Insurance Licensing Certification.

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  • Exam Code: NJ-Life-Producer
  • Exam Name: New Jersey Life Producer Exam
  • Certification Provider: Insurance Licensing
  • Corresponding Certification: New Jersey Insurance Licencing (NJDOBI)
  • Updated: Sep 03, 2026
  • No. of Questions: 95 Questions & Answers with Testing Engine
  • Download Limit: Unlimited

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Insurance Licensing NJ-Life-Producer Exam Syllabus Topics:

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

                        Insurance Licensing New Jersey Life Producer Sample Questions:

                        Question 1

                        If a producer makes a sales proposal or presentation that fails to fairly and fully disclose future premium charges, benefits, and any options included in the policy, the producer may be found guilty of

                        A. Coercion.
                        B. Twisting.
                        C. Misrepresentation.
                        D. Fraud.


                        Question 2

                        An insurance company that terminates a producer's agency contract is required to file a written notice of the termination with the Banking and Insurance Department at which of the following times?

                        A. A maximum of 30 days after the termination date.
                        B. A maximum of 15 days after the termination date.
                        C. A maximum of 7 days after the termination date.
                        D. Immediately.


                        Question 3

                        A Policy Summary must include all of the following information EXCEPT the

                        A. Generic names of the basic policy and each rider.
                        B. Effective policy loan annual percentage interest rate, where applicable.
                        C. Dividend history of the insurance company writing the policy.
                        D. Full name and home office address of the insurance company writing the policy.


                        Question 4

                        After discussing financial status, tax status, investment objectives, and any other information considered to be relevant, the producer and the client decide that an annuity will achieve the client's financial goal. This annuity purchase is deemed to be

                        A. FDIC insured.
                        B. Suitable.
                        C. Tax advantaged.
                        D. Beneficial.


                        Question 5

                        Generally, the maximum percentage of the face amount paid under an Accelerated Death Benefit would be

                        A. 50%.
                        B. 200%.
                        C. 100%.
                        D. 10%.


                        Solutions:

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

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