Online Access Free NJ-Life-Producer Exam Questions

What is the result of an insurer approving an incomplete application?

• A.The agent can at any time during the term of the policy complete the application.
• B.The insured must complete the application after the policy has been issued.
• C.The death benefit will be subject to review upon the death of the insured.
• D.The insurer waives the right to that information and must honor the contract.

Which of the following policies allows for a partial surrender?

• A.Variable whole life.
• B.Universal life.
• C.Term life.
• D.Modified whole life.

The policy feature that makes universal life different from whole life insurance policies is its

• A.Fixed face amount.
• B.Flexible premium schedule.
• C.Settlement options.
• D.Assignment options.

An individual must be a licensed producer in order to take which of the following actions?

• A.Type binders or certificates.
• B.Discuss the effects of age or health on premiums with a prospective insured.
• C.Compile the names and addresses of prospective insureds for marketing purposes.
• D.Accept premiums from insureds at a recorded place of business.

Which rider would allow additional insurance at specified dates or events, without evidence of insurability?

• A.Disability income.
• B.Return of premium.
• C.Guaranteed insurability.
• D.Cost of living.